DocumentCode :
800478
Title :
Wealth creation from design
Author :
Leech, D.J. ; Walker, C.P.H.
Volume :
5
Issue :
3
fYear :
1995
fDate :
6/1/1995 12:00:00 AM
Firstpage :
121
Lastpage :
123
Abstract :
The UK adds much less value per manufacturing employee than its competitors. Value is added by good management and, even more, by good design. The Design Council believes that the UK has the best design sector in the world. So what is the way forward? The authors summarise the contents and discussion of an IEE colloquium on ´Wealth creation from design´ (1995). The conclusion drawn from this event are summarised and include the following: More money spent at the early stages of a design project saves its cost, many times over, in development and manufacturing costs; the tendency to spend increasing amounts as design proceeds from conception (1%), through evaluation (10%), to realisation (89%), must be reversed; establishing the design specification is one of the most important stages of design and the effort required to do this must not be limited; method in design will produce better products.<>
Keywords :
design engineering; economics; management; value engineering; Design Council; IEE colloquium; UK; design project; design specification; development costs; management; manufacturing costs; value added design; wealth creation; Design methodology; Economics; Management;
fLanguage :
English
Journal_Title :
Engineering Management Journal
Publisher :
iet
ISSN :
0960-7919
Type :
jour
DOI :
10.1049/em:19950308
Filename :
392170
Link To Document :
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