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.’
Esta historia es de la edición April 2019 de Wallpaper.
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Esta historia es de la edición April 2019 de Wallpaper.
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Guiding Light - Designer Joe Armitage follows his grandfather's footsteps in India, reissuing his elegant midcentury lamp and creating a new chandelier for Nilufar Gallery
For some of us, family inheritances I tend to be burdensome, taking up space, emotionally and physically, in both our minds and attics. For the London-based designer and architect Joe Armitage, however, a family heirloom has taken him somewhere lighter and brighter, across generations and continents, and into the path of Le Corbusier. This is the story of a lamp designed by Edward Armitage in India 72 years ago, which has today been expanded into a collection of lights by his grandson Joe.
POLE POSITION
A compact Melbourne house with a small footprint is big on efficiency and experimentation
URBAN OASIS
At an art-filled Mexico City residence, New York designer Giancarlo Valle has put his own spin on the country's traditional craft heritage
WARM FRONT
Designer Clive Lonstein elevates his carefully curated Manhattan home with rich textures and fabrics
BALCONY SCENE
A Brazilian island hotel offers a unique approach to the alfresco experience
ENSEMBLE CAST
How architect Anne Holtrop is leaving his mark on the Middle East
Survival mode
A new show looks at preparing for a post-apocalyptic landscape (and other catastrophes)
FLASK FORCE
A limited-edition perfume collaboration between two Spanish craft masters says it with flowers
BLOOM SERVICE
A flower-shaped brutalist beauty in Geneva gets a refresh
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