In the manufacturing industry, New Product Development (NPD) is the end-to-end process of bringing a new vehicle, appliance, or component from a vague concept to a mass-produced reality. It is a high-stakes journey that balances creative design with the cold realities of engineering and cost. Below are the reason for failure of NPD
Scope Creep: Adding too many features, leading to delays.
Ignoring DFM: Designing a product that is too expensive or difficult to build.
Poor Timing: Launching after a competitor has already captured the market.