The document discusses the importance of product design. It states that design is one of the top 20 professions that will survive in the new economy. Good design means innovation by understanding user needs, ensuring functionality, considering human factors, and developing a memorable product personality. The document outlines attributes of designers like creativity and understanding manufacturing constraints. It also describes how design thinking can help improve products, cut costs, and sell products differently through strategies like new packaging, graphics, and point-of-purchase displays.