Product Life Cycle and Industry Life Cycle - strategy, organization, advantages, model, company, business | Carlomaria Grassi

As you know, this
concept is much more than an interesting analogy of business and biology. In
biology, a living organism's position in its life cycle leads to different courses of action
concerning the organism's future. An industry's position and a product's
position in their life cycles also lead to very different decisions concerning
their futures. Consequently, the life-cycle concept was adopted from biology
for use as a strategic planning tool for products and industries. The following
sections define the terms, explain why products have a life cycle, describe the
stages of the product life cycle, and examine the strategic implications of the
product life cycle ...   Product Life Cycle and Industry Life Cycle - strategy, organization, advantages, model, company, business, Definitions