It’s probably true that most people in the developed world would once have owned a clock or a watch. These household items that are now often taken for granted were once critical to the development of our industrialized nations.
But do you know the fundamental mechanical principles that are leveraged to power our everyday clocks and watches?
When the mechanical design process is illustrated it is traditionally sketched out in the form of a block diagram or a process flow diagram. But is there a better way?
With 75% of of the cost of a product being locked-in by the designers it is critical that the design (and specifically the concept) is as right as it can be from the off. Why then is Cost Reduction even a thing then if we make every effort to get the design right?
Entrepreneurs need to have a good handle on both development & production costs up-front to build a robust business case. But how is it possible to get production costs at the very beginning of development before the product has been designed?