Strategies do not last forever, and industries go through life cycles. In so far life cycles is concerned, these apply: decline, maturity, growth, and introduction. Knowing the differences between these stages is important, because managers must strive to emphasize the key functional areas during each of these stages and to attain a level of parity in all functional areas and value-creating activities. By applying these premises we can then conclude that the emphasis on product design would be low in the decline stage, low to moderate in maturity stage, but highest in introduction stage.
True or false?© BrainMass Inc. brainmass.com October 25, 2018, 8:17 am ad1c9bdddf
The life cycle stages are correct, but they're in the wrong order. Its introduction, growth, maturity, and decline. ...
This solution discusses the product life cycle question presented.
Which stage of the product lifecycle are each of the following products? What impact does life cycle have on market strategies?
Which stage of the product lifecycle are each of the following products? Please provide justification that supports your answer.
? 8 cylinder automobile engines
? Hybrid automobiles
? Ball point pens
? Cellular phones
? Laser surgery
? Digital photography
What impact does life cycle have on market strategies?View Full Posting Details