New product development and introduction is a major concern of all companies. It is especially so for small businesses. The successful development and introduction of the “right” product or service can mean the difference between your company’s continued success and growth and its decline and failure. The path is particularly hazardous today with the increased financial pressures, global market considerations, and off shore manufacturing. As always, you must develop the right product or service for your market, get it right the first time, and do it on time and within budget.