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.
  2. see PRODUCT LIFE CYCLE.

life cycle

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

References in periodicals archive ?
For both companies, litigation lifecycle management proved extremely successful because it addressed one of the greatest challenges facing any company burdened by a mountain of lawsuits--the collection of company documents involved in legal action.
Our deeper alliances with these certified Lifecycle Management providers will provide our customers a choice of integrated solutions for end-to-end application management.
Automatically migrate aging data onto optimum storage for its value and lifecycle stage.
Each of these visionaries will present an overview of the past, present and future of Information Lifecycle Management.
Information lifecycle management is the result of many different forms of data management (from basic back-up to business continuity to compliance) coming together under an umbrella solution for a business.
To better enable our customers' drive towards an automated lifecycle process, Telelogic supports an open architecture and the use of standardized languages.
Lifecycle management is emerging as an essential discipline for streamlining the storage consolidation process from initial planning to automated migration of data and information resources over their useful life.
As a comprehensive platform for SOA lifecycle governance, X-Registry brings together within a single product a UDDI (Universal Description, Discovery and Integration protocol), v.
There are several components of a data lifecycle management solution.
Use this report to implement the optimal biopartnering strategy for your company's needs as it progresses through the 'pioneer', 'growth' and 'consolidation' stages of the lifecycle and ensure you recognize opportunities for growth in this high profit market.
These controls, or "gauntlets," enable development teams to identify and isolate problems earlier in the application lifecycle - when their impact can be minimized - by automatically inspecting development artifacts every time a change is made or at desired intervals.