If we look back at 'good design' that has come in the past, and more specifically at conditions that have given birth to consistent production of good design, it seems like the inability of companies to deliver good design and good quality is not due to a lack of good design or engineering talent. A book I am reading at the moment, Strategic Manufacturing for Competitive Advantage (It's a real slog) illustrates that companies, in their narrow focus on short term margins and shareholder satisfaction, have failed to invest or consider production capability as an aspect of their company strategy. The same can be said for design.
The shining example of 'good design' we are often exposed to as design student's is Dieter Ram's work for Braun. And there is no denying Dieter Rams' talents. But it is not a story of one man, or even one design team's talents, what actually happened at Braun in the 1950's was an idealistic and enthusiastic environment was developed by the Braun brothers, the Ulm school, and others, which became a machine for churning out classic after classic.
The same can be seen at Apple, the current shining example of 'Good Design'. As talented as the design teams are, and they are, the real story of Apple is how Steve Jobs enabled a company to develop and thrive under a product-first mantra.
We can also see that when a company hires design talent, whithout the real corporate attitude to actually deliver good design, then what results is at best a flash in the pan. Samsung have consulted both Naoto Fukasawa and Jasper Morrison, both incredibly talented, Fukasawa's N310 laptop looks to be aesthetically pleasing, but seems like it would never be competition to anything apple would produce, on the basis that it is probably hampered by a low quality of software and hardware, things that have been purposely placed out of reach of the designer by financial interests. The same is likely true for Morrison's phone and refrigerator.
Jasper Morrison's Samsung Camera Phone
In any case these objects, good design as they are, have very clearly not affected the overall strategy and approach of the samsung juggernaut. Whereas, when the very same designers work for MUJI, the attitude and relationship is much more considered, as the company believes in design, and as a result better products, and long term prosperity (at least from a design perspective).
Naoto Fukasawa's Toaster for MUJI
I think then that the history of design, in many cases can be seen, not as a history of designers, but a history of design enablers. These people are sometimes forgotten (sometimes not), but basically, design which has actually been delivered to peoples houses and made a difference requires both design talent, and an enthusiasm from above in order to allocate for the proper delivery of good design.