Abstract
As is customary, the President first reviews his career from research and development work in the Civil Service to Chief Executive of a significant aerospace business. He then goes on to describe the importance of evolutionary product planning to risk management in the competitive commercial environment in which the engineering designer operates. The contribution of design innovation to cost effectiveness is illustrated by some specific examples from his own experience. The address concludes with some reflections on the tasks of managing an engineering enterprise and of providing appropriate training and education for the engineer of the future.
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