Time is the most valuable thing you have - and I'm not just talking about the minutes for which you're paid.
Eli BroadRead
Unfortunately, the boards of art institutions tend to be populated with well-meaning supporters of the arts who often lack any business background or appetite for imposing appropriate discipline.
Interpretation
What this quote means
Art institutions often lack leaders with sufficient business acumen, which can hinder their effectiveness.
Eli Broad emphasizes the disconnect between art and business within art institutions. While well-meaning advocates support the arts, their lack of business knowledge and discipline might prevent these institutions from operating efficiently and achieving their full potential. This highlights the importance of having a balance of artistic passion and practical management in nurturing the arts.
Themes
ArtBusinessDisciplineLeadershipInstitutions
In practice
Example use cases
In a discussion about improving art education, one might reference this quote to highlight the need for business-savvy leaders.
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Los Angeles is such a great meritocracy. Where can someone with my background - don't have the right family background, the right religion, the right provenance or whatever you want to call it - I come here and I'm accepted. The city's been good to me. And I want to give back.
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