The creative edge part I: Uniting creativity and business strategy

  • Blog
  • October 29, 2024

Larissa Meek

Co-Chief Creative Officer, PwC US

Email

Andrea Fishman

Transformation Partner, Chicago, PwC US

Email

As industries adapt to constant change and new technologies transform the way we work, creativity has emerged as one of the key elements for helping to drive progress. But it’s not just about generating fresh ideas—it’s about aligning those ideas with business goals. Many companies today are looking for more than creative flair; they want creative solutions that can support broader strategies. On the flip side, creatives are expanding their skill sets to speak the language of business, building a career that blends the best of both worlds.

Historically, some of the most impactful ventures have come from uniting a creative vision with a profitable business strategy. Consider the early years of some major entertainment companies with animated characters at the forefront, many of them leveraging licensing to open up funding for new creative explorations. These companies had a knack for storytelling, artistry, and creative quality. A careful balance of not putting profit above creative quality is what may have helped these businesses stand the test of time. And when it comes time to take creative risks, a sound business strategy is what allows for creative experimentation.

Together, balancing business thinking and creative quality has continued to unlock many new ways to experience storytelling, from theme parks to mobile apps to virtual reality.

It is this rare but essential balance between pursuing creative excellence and implementing sound business strategies where the virtuous cycle happens, further fueling creatives to take more risks in the pursuit of being creatively satisfied. And many creatives may not always be satisfied, because to be creative is to have unwavering curiosity and wonder.

While one side should push the creative envelope, the other side should be the steady hand that manages operations and financing in support of creative values, turning those creative dreams into sustainable reality. The lesson? For creative work to have a lasting impact, it should be grounded in a strong understanding of its role in the larger business picture.

Why Today’s Creatives Need a New Playbook

Fast forward to today, and that same harmony is more important than ever. With emerging tools like generative AI and 3D design changing what’s possible, creatives are at the forefront of a transformation. But it’s not just about leveraging new tools; it’s about understanding how these innovations can solve business challenges and create value. This evolution calls for creatives to think not only as artists but also as strategists.

One way to aim for success in this shifting landscape is by crafting a career plan that helps balance creative passion with strategic insight. Building on a few core areas can make a significant difference:

  • Expand Skill Sets: Mastery of technologies, such as AI and 3D modeling, can be essential. This knowledge enables creatives to move beyond traditional design and storytelling methods, opening up new ways to collaborate and execute their vision.

  • Understanding Business Objectives: Take time to understand the broader business context—knowing what helps drive company goals and how creativity contributes to them can strengthen your role within the organization.

  • Elevate Storytelling: Storytelling will always be central to creative work, but today’s storytellers should frame narratives that reflect business realities. This means blending customer insights, data, and creativity to help produce work that’s not only engaging but also results-driven.

Building a Strong Creative Career

For creatives looking to stay relevant and thrive, the focus should be on finding that relevant spot where imagination meets strategy. Whether it’s leveraging AI tools to streamline workflows or connecting creative efforts directly to business outcomes, it’s about building a career that’s both adaptable and impactful.

Just as historical figures in the entertainment industry found a way to harmonize their contrasting strengths, today’s creative professionals should do the same. With a thoughtful approach and a commitment to both creative and business excellence, creatives can continue to play a pivotal role in shaping the future of their industries.

Stay tuned for continued perspectives in our industry leading practice series and the balancing of business strategy with creativity.

Follow us