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2018 | OriginalPaper | Chapter

5. Engineering Design and Innovation in a Global Context

Authors : Dr. Thomas P. Taylor, Dr. Erik Søndergaard, Dr. Tim Minshall, Dr. Letizia Mortara, Prof. Saeema Ahmed-Kristensen

Published in: Value Creation through Engineering Excellence

Publisher: Springer International Publishing

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Abstract

This chapter provides insights into how open innovation and global product development can add value in a high value engineering environment, and how the impacts can be monitored and managed effectively. The chapter begins by introducing engineering design in a global context, and how open innovation approaches can support value creation and capture for high value engineering. It then highlights the importance and impact of strategic decision-making in global product development, utilising insights from global engineering companies to provide recommendations for managerial decision support. Finally, building on well-established concepts from performance measurement, a framework to support the development of key performance indicators in global engineering design projects is developed with its application exemplified in industry.

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previous chapter Engineering Services: Unpacking Value Exchange
next chapter Engineering in International Business Networks: The Motivations and Practices of Chinese MNCs
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Metadata
Title
Engineering Design and Innovation in a Global Context
Authors
Dr. Thomas P. Taylor
Dr. Erik Søndergaard
Dr. Tim Minshall
Dr. Letizia Mortara
Prof. Saeema Ahmed-Kristensen
Copyright Year
2018
Book
Value Creation through Engineering Excellence

Print ISBN: 978-3-319-56335-0

Electronic ISBN: 978-3-319-56336-7

Copyright Year: 2018

DOI
https://doi.org/10.1007/978-3-319-56336-7_5