Americans have voted, and most of us were surprised.
I just watched a CNN interview with a former factory worker who voted for Trump. “We need lots of small factories with 200-300 people making things, employing Americans.”
Trump can’t deliver that.
Bill Williams and I have recently discovered that many engineers know little if anything about creating value for investors. Supported by students, we interviewed practicing engineers and found that, for example, most associate the word “value” with a number in a spreadsheet.
We also discovered little in the business and engineering research literature that can help.
A small number of “expert engineers” have worked it out for themselves, without necessarily being able to explain it in simple terms. They are well rewarded by their clients and employers because they create so much value for their enterprises.
We have recently written a detailed explanation which, we think, explains how these experts create value, and we hope this makes sense for many more engineers who could just make enough difference, everywhere. Not only to help frustrated Americans. Engineers who know how to create value effectively could transform our world and eliminate poverty.
Since the industrial revolution, we have all come a long way, but most of us know we cannot sustain our civilization into the future without making some big changes. We engineers have to lead these changes, but we need huge resources from everyone else to make it happen. And that requires insights into value creation that elude the vast majority of engineers right now.
In coming posts I will do my best to explain the fundamental ideas that have emerged from our research and what we mean by value creation.