Companies have achieved competitive advantage by expanding the boundaries of their concern beyond the product life‐cycle stage that they directly control. By using product stewardship and life‐cycle information, coupled with business analysis, companies can successfully outperform their competitors by improving their product or product system by reducing costs, increasing revenue, reducing liabilities, and enhancing their image. Life‐cycle information and its use within a product stewardship management framework goes beyond traditional life‐cycle applications. Used wisely, it can help companies establish a sustainable framework for long‐term success.

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