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.
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.