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Every business banks on its competitive edge in order to grow. Successful businesses deliberately expand their competitive edge beyond their product or service. You've probably seen this in action: they doggedly compete for the best talent, the biggest customer, the boldest campaign.

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New product development (NPD) is the process of bringing a new product to the marketplace. The product could be a physical product such as an automobile, smartphone, or coffee maker. 'If we do not continue to grow, we die'. To grow, a company must continue to learn and to make a difference in its industry. New sales and new markets are a critical aspect of sustainable growth for any company, and that is why companies develop products: to ensure they can continually penetrate existing markets and potentially enter new ones.

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