For years, the āCove Crew has been discussing the importance of good design. Not just how we can make it, but also how we can ensure that weāre aligned with our clients on what good design looks like and the purpose and value of design.
Like everyone who has ever made anything, weāve had some hits and some misses. But through it all, weāve recognized that this topic is critical to our collective success. WeāHencove and our clientsācanāt do great work if we canāt agree on what great work looks like. That applies to marketing strategy, writing, social media, websites, and lots of other disciplines. But it is in the creativity and design bucket where the rubber most often meets the road.
A lot of smart people have done a lot of great work to quantify and qualify the importance of design. The summary: good design pays dividends.
The team at McKinsey, through their McKinsey Design Index (MDI), has deeply researched this issue and empirically demonstrated the business benefit of good design. For its 2018 report, āThe Business Value of Design,ā McKinsey reviewed more than 300 public companies across a five-year period. After studying and synthesizing more than 100,000 ādesign actionsā and more than 2 million pieces of financial data, the team found āa strong correlation between high MDI scores and superior business performance,ā noting that top performers increased revenue by 32 percentage points and total returns to shareholders by 56 percentage points higher than their peers.
A few years earlier, in 2013, Microsoft funded a collaboration between DMI and Motiv Strategies to create a design market indexāessentially a financial performance trackerāto understand and assess how design-focused companies perform relative to the S&P 500 over time. Like the McKinsey study, the results indicated that good design has good financial outcomes. In their subsequent 2015 study, DMI and Motiv Strategies found that design-led companies outperformed the S&P 500 by 211% during the previous 10-year period.Ā
We know good design is valuable, so why canāt we all agree on what good design looks like? This question has vexed me for years. And if you think for even one minute that we can all agree on what good design looks like, you clearly havenāt attended many brand concept review meetings. Not to say everything we present is gold. But, weāve presented new concepts and received praise and disdain with equal levels of enthusiasm from colleagues at the same organization.
So, is good design a fact? Can design be subjected to a thumbs-up-or-thumbs-down-style vote? Perhaps Iāve been asking the wrong question. Instead, maybe we should consider why we canāt always get thereāāthereā being this elusive, ideal state of āgoodā design. Here I share my two cents on what could be some possible answers to that question:
Highlighting the reasons we canāt get to good design felt like a crummy way to end a blog post. So Iāll leave you with a few additional resources to ignite your creative fire:
Finally, if youāre in a creative rut and looking for help getting out of it, please give us a shout.