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Value Engineering — A Challenge to Management

Published online by Cambridge University Press:  04 July 2016

L. W. Crum
L. W. Crum*
Affiliation:
Design Services, Aero Engine Division, Rolls-Royce Ltd
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Extract

“I believe that everything made in England is costing too much for export. Everybody must do more and better work if we are to keep our present standard of life, or they must make better use of less money”.

Sir Henry Royce 1931

Students of history or economics would not be in any way surprised to read this quotation, declaring it to be nothing more than a visionary's warning and the often characteristic habit of history repeating itself, since the words seem more fitting to the problems facing the country today than in the grim early 1930s when the whole world was suffering from a serious trade recession. Although increased efficiency, on the lines suggested by Sir Henry, would no doubt have alleviated this country's problems, it is most doubtful whether under such adverse world conditions it would have been sufficient by itself.

Type
Value for Money
Information
The Aeronautical Journal , Volume 74 , Issue 715 , July 1970 , pp. 608 - 613
Copyright
Copyright © Royal Aeronautical Society 1970 

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