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Category: Business and Industry
Date Submitted: 01/23/2016 07:12 PM
ISSN 1744 - 7038 (online)
ISSN 1744 - 702X (print)
Research Executive Summaries Series
Designing value and valuing design
Vol. 2, No. 5
By
Dr. Myfanwy Trueman
and
Professor Richard Pike
Bradford University School of Management
Designing value and valuing design
Introduction
Businesses recognise that good design can have a powerful
impact on competitive advantage and profitability. It can
differentiate products and services and enhance their value –
while poor design can threaten the survival of an organisation.
It has been argued that good design can improve
communication and integration throughout the organisation,
help to reduce complexity and cost, and enhance brand value.
It can also help companies to balance the needs of managers
and shareholders with the cost, value and quality requirements
of customers. However, good design rarely just happens, but
stems from an effective development process. In the 1997
House of Lords debate on design, Lord Currie emphasised that
design is a multi-skilled, multidisciplinary function:
‘Design involves not just designers and not just those working
for design consultancies but also engineers, scientists and all
those including senior management and – dare I mention it? –
finance directors and accountants who contribute and
influence the process of innovation and new product
development (Lord Currie, House of Lords, 1997).’ 1
There is growing recognition of the importance of people
outside the formal design process in influencing the nature and
2
form of new products. Nixon et al (1997) acknowledged the
role of ‘silent designers’ – including specialists from R&D,
production, marketing and accounting, who can influence the
nature and form of new products.These silent designers
provide ‘essential information and strategic links in managing
design parameters.’ Research has also shown that most of a
product’s life cycle cost is ‘locked in’ at the early design stage,
and that any...