Every business wants to be a customer's first choice. Building and managing a product can play a significant part in making that happen.
The concept of a product extends far beyond just your company logo to your business' core values and to every interaction you have with customers and suppliers. In effect, your product creates and maintains your reputation and so reflects your customers' experience of your organisation.
Customers and employees can build up emotional attachments to certain products, allowing for strong loyalties and even a sense of ownership. This can help maintain employee motivation and increase your sales.