• 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