One approach to managing innovation is through a New Product Development $($NPD$)$ framework. The goal of an NPD framework is to bring products to the market in on time and to optimise business results by reducing cycle times and costs. Identify:

$3\mathrm{.}2\mathrm{.}1$ The components of an NPD framework. $(5)$

$3\mathrm{.}2\mathrm{.}2$ The reasons behind successful NPD teams $(5)$

$3\mathrm{.}2\mathrm{.}3$ The benefits of implementing a NPD process.