Archive for March, 2010

Why Product Design is Important

Wednesday, March 24th, 2010

It’s been a while since the last series of Dragons Den and although there are the small scale online versions it was refreshing to see them back on Sports Relief last week. While many people dislike them, they do at times reveal both the huge reserve of ideas in the country, but at the same time the need for effective product design.

Among the hopefuls in last week’s special was Michael Killian, the inventor of a sideways bicycle. It was a magnificent machine in its own right, but he hadn’t put much thought into its application. It was a fun idea to be sure, but would it work in the market place? He had no idea, but to be fair he didn’t seem to care.

When asked what his plans were he replied: “I’m going to make bikes and sell them” – brilliant in its simplicity, but not what the Dragons wanted to hear. To the ire of his celebrity backer, Patrick Kielty, they sent him packing.

FSA To Take Lead Role in Product Design

Wednesday, March 10th, 2010

The Financial Services Authority is planning to take a more active role in the future over the development of new product design projects that require heavy public financial investment.

The Financial Services Authority is the governing body for the financial sector. Although they have had their hands full with dealing with the list of things that have evolved since the start of the global credit crunch and bankers scandal, and although they normally take a very back seat when it comes to matters that fall outside their realm, it appears that the increase in new product design projects has caused the agency to get involved.

Lord Turner who is the FSA Chairman expressed his concern at how product design issues in the past had been dealt with. “We’ve had a whole series of customer complaints and lots of settlements and money paid out. That isn’t good for consumers or the industry.”