Miele (2004) and Curver (1973). Both in constant use since purchase.Submitted by JoLudvS t3_xzoa42 in BuyItForLife
conanmack t1_irqxvss wrote
Reply to comment by waehrik in Miele (2004) and Curver (1973). Both in constant use since purchase. by JoLudvS
It was more likely that value engineering did exist but was not widely adopted. Every company must know the costs of production to survive and grow. Adjusting them through different business cycles.
Increasing shareholder value has most likely lead to a focus on value engineering and planned obsolescence. A constant stream of sales is deemed more important than solid and reliable products.
waehrik t1_irsdjve wrote
Exactly, and just as with survivorship bias that's what skews the bias of "good" to smaller companies sometimes. Sometimes they truly are better but sometimes it's also because they didn't have the large resources to perform the value engineering analysis to perform the cost reduction so had to overbuild. Nowadays the bar to entry is so low that anyone can do it. So the often-smaller quality driven companies really stand out. Those are the modern ones we see for sale today though sadly they're few and far between.
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