We’ve always known that good design makes for good business. Now McKinsey & Company has crunched the numbers to prove it. the consultancy’s Benedict Sheppard, a speaker at this year’s Brainstorm Design conference in Singapore, offers four rules for upticking by design.
Can good design increase revenue, or shareholder returns? How do organisations that use design as a strategic tool fare against companies that don’t? What is design worth? In October last year, McKinsey & Company, the management consulting firm, published a report titled ‘The Business Value of Design’, which went a long way to answering all of the above. A group of its researchers tracked the design practices of 300 publicly listed companies over five years – recording more than 100,000 ‘design actions’, and collecting over two million pieces of financial data. All to better understand how design correlates with business performance.
One of the report’s authors, Benedict Sheppard, refers to the work as a ‘double world first’, and describes it as a kind of breakthrough moment for McKinsey. ‘It’s the first time someone has rigorously quantified the business value of design,’ he says, ‘and the first time someone has taken individual design actions and tied those back to audited financial performance.’
Diese Geschichte stammt aus der April 2019-Ausgabe von Wallpaper.
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Diese Geschichte stammt aus der April 2019-Ausgabe von Wallpaper.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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Pas de Deux - Choreographer Wayne McGregor on turning a post-apocalyptic trilogy by Margaret Atwood into a three-act ballet in collaboration with composer Max Richter
Wayne McGregor is the master of creative collaborations. As resident choreographer at the Royal Ballet, a position he has held since 2006, he has translated an eclectic roster of literary, avant-garde and contemporary references into works for the stage, as well as taken the helm on film, TV, fashion and music videos projects, and founded his own London-based studio.
Waking Moments - Design makes a welcome return to the Dakar Biennale, sounding out a clarion call to Africa's new creative generation
After a 20-year hiatus, design returns to the Dakar Biennale this year and, for curator Ousmane Mbaye, it comes at a pivotal time. ‘My curatorial practice is based on three aspects,’ he says. ‘A desire to do a design inventory in Africa; to record the materials being used; and to present the current generation of designers in Africa and its diaspora, and see their visions realised.’
Blonde Ambition - A new iteration of Gucci's beloved 'Blondie' bag fuses effortless Seventies insouciance with crisp modernity
Recently reimagined by creative director Sabato De Sarno as part of his Cruise 2025 collection, Gucci’s ‘Blondie’ bag, first launched in 1971, centres around a rounded version of the brand’s historic interlocking-G symbol. Now one of fashion’s most recognisable motifs, it remains on De Sarno’s interpretation, which is designed to recall the original’s effortless insouciance and the heady, liberated spirit of the 1970s.
Role Models - Elmgreen & Dragset's subversive take on the classical form at Paris' Musée d'Orsay explores contemporary masculinities in a heteronormative world
As Elmgreen & Dragset, Michael Elmgreen and Ingar Dragset bring a smart subversion to their large-scale installations. Over the last three decades, they have taken a sideways look at social and political systems by recontextualising mainstream motifs: works have included a full-scale replica of a Prada boutique in the Texan desert and a vast, vertical swimming pool, now installed in Hong Kong.
Flask Force - A limited-edition perfume collaboration between two Spanish craft masters says it with flowers
Loewe and Lladró are two brands with a lot in common. They're both Spanish, they're both born out of an obsessive desire to master a particular material (Loewe with leather and Lladró with porcelain), and they're both exemplars of luxury design. So it seems fitting, then, that the two maisons have finally come together for an exceptional collaboration, launching this autumn: a limited-edition run of porcelain flask toppers for three of Loewe Perfumes' classic scents.
Bloom Service - A flower-shaped brutalist beauty in Geneva gets a refresh
Tucked between the extensive campus of Geneva's University Hospital and a huddle of associated medical institutions, laboratories and surgeries, the Avenue de la Roseraie is trod by few casual visitors to the Swiss city. And yet here - out of sight in a small car park is an extraordinary structure that, situated elsewhere, would surely draw the attention of architectural students like bees to a nectar-rich flower. Horticulturalists, too, perhaps, for whom a building nicknamed La Tulipe might well incite curiosity.
Second Nature -A remodelled museum in Lisbon, by Kengo Kuma & Associates, meshes Japanese and Portuguese influences to create a space that sits in harmony with its surroundings
The Calouste Gulbenkian Foundation's complex in Lisbon has been one of the city's best-loved landmarks since it opened in the 1960s. The foundation aims to improve quality of life through art, charity, science and education, and its Lisbon campus encompasses a main office, library, scientific research centre and contemporary art museum, Centro de Arte Moderna (CAM), which reopens this month following an extensive four-year renovation by Japanese studio Kengo Kuma & Associates. Designed in collaboration with landscape architect Vladimir Djurovic, the update cleverly reconfigures the space and extends the foundation's gardens to craft a more cohesive relationship between the existing structures.
Cane and Able- Fusing traditional craftsmanship with contemporary vision, design studio Ibuku demonstrates the versatility of bamboo at a serene Bali villa
Over the last decade, Bali-based studio Ibuku, headed up by designer Elora Hardy, has become a leading expert in bamboo architecture, its output encompassing everything from a traditional Sumbanese house and a yoga and meditation space to playful treehouses and a riverside café at an eco-friendly jungle retreat in Ubud. In 2021, the studio completed The Arc sports hall at the Green School in Bali (founded by Elora's father, designer John Hardy). Made from a series of arches spanning an impressive 19m, it was a pioneering feat of bamboo engineering.
Guest Editor Marcio Kogan - Marcio Kogan has been prolific since setting up his namesake studio in São Paulo in 1978 (it was renamed Studio MK27 at the turn of the century).
Marcio Kogan has been prolific since setting up his namesake studio in São Paulo in 1978 (it was renamed Studio MK27 at the turn of the century). The 72-year-old architect has since become synonymous with contemporary Brazilian chic, offering a sumptuous blend of raw, textured materials; clean geometric forms; effortless functionality; vernacular design features; and a deep knowledge and appreciation of the rich, tropical modernist architecture legacy of his home country.
DREAM TEAM
A rewatching of a seminal film laid the foundation for JW Anderson's latest collection, a fantastical collaboration with artist Christiane Kubrick
