life cycle

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Life cycle

The lifetime of a product or business, from its creation to its demise or transformation.

Industry Life Cycle

The period of time from the introduction of an industry to its decline and stagnation. Different analyses posit different stages of an industry life cycle (usually four to five), but all emphasize that an industry has a beginning, with technological innovation; a period of rapid growth; maturity and consolidation; and finally decline and possibly death. For example, in the video cassette recording (VCR) industry, the mid-1970s were a period of decentralized technological innovation, with VHS and Betamax formats vying for dominance. Later, video cassettes very quickly became a common household item. In the maturity phase, different companies selling VCRs attempted to corner a greater market share for their own (identical) versions of the product. Finally, the industry declined and was eventually supplanted by DVD players. An industry life cycle can be prolonged by several factors, including opening new markets to the product, finding new uses for the same product, or even attaining government subsidies. The concept of an industry life cycles applies most readily to the sale of goods and it is difficult to gauge how it works in a service economy.

life cycle

  1. the stage people have reached in their life, from single at home through young parents to solitary retired. See SOCIOECONOMIC GROUP, BUYER BEHAVIOUR.

life cycle

The various phases of a project—predevelopment, development, leasing, operating, and rehabilitation.

References in periodicals archive ?
Read the full report: Worldwide Agile Application Life-Cycle Management Software 2014-2017 Forecast and 2012 Vendor Shares: Quick Access Drives Adoption and Business Agility https://www.
This component of a life-cycle management system should not be overlooked because it is the first thing users may see each time they log onto their computers every day.
Figure: Western Europe Product Life-Cycle Applications Adoption and New Investment Levels over the Next Year
Table: Western European Product Life-Cycle Application Plans for New Investment by Value Chain
The product life-cycle management solutions market is forecast to increase to reach $11 billion by 2006.
All attendees will receive a new vendor spotlight report from IDC titled, "A Life-Cycle Approach to Quality: Enabling the Performance and Reliability of Business-Critical Applications from Development Through Deployment.
Although SAP has rigid software life-cycle licensing policies, its current offering and dominant market presence allowed the company to take the lead, in front of Epicor.
is an information technology company whose mission is to help companies control and add value to high volume computer output (HVCO) print streams through the life-cycle of the document.
CollabNet provides companies with solutions for on-demand distributed software development across the entire application life-cycle of a product by combining a Web-based software application with a suite of consulting services.
com, developer of the Visual Intercept enterprise methodology management platform for managing issues and other tasks throughout the software development life-cycle, today announces its plans to enhance and extend its integration in Microsoft Visual Studio "Whidbey.
Small companies need to ask themselves whether they're spending a lot of money maintaining PCs to keep them up to date, as well as assess the total life-cycle cost of PCs and other high-tech equipment," said Jodoin.