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 ?
The ILM process involves matching data with the storage media it needs most at given points in the lifecycle.
The customer is already a term based license user of Telelogic's solutions and has today renewed for a further three year period, extending their usage to include all products for Enterprise Lifecycle Management.
XMetaL Content Lifecycle Solutions -- XMetaL Content Lifecycle Solutions, which include Global Content Delivery and Master Content Management, set a new standard for creating, sharing, and delivering information quickly across multiple channels and locales -- helping organizations accelerate time to market worldwide, speed up publishing processes by up to 80 percent, and reduce localization costs by up to 40 - 70 percent.
Available Today, White Paper Brings Clarity to SOA Adoption, Governance; Outlines Requirements for End-to-End SOA Governance and Lifecycle Management
In creating a dedicated, customer-facing team behind our solutions practice, we sought out experts from across the industry," said Paul Wlodarczyk, VP of Content Lifecycle Solutions at XMetaL.
In time, NewMarket China will publicly list its various emerging technology development lifecycles, further increasing the overall investment granularity for both NewMarket China and NewMarket Technology.
AccuRev's supports a best-of-breed strategy for application lifecycle development, fully consistent with the goals of the ALF.
It also includes the ProjectWise range of collaboration servers for connecting, managing, and finding all engineering information throughout the plant lifecycle and across the distributed enterprise.
Secure Software is also the creator and publisher of CLASP (Comprehensive, Lightweight Application Security Process), a process guide that helps organizations incorporate security into their application development lifecycle.
Another trend we're seeing with new Aldon customers is the adoption of Aldon Lifecycle Manager and IBM WebSphere Studio," said Daniel Magid, president and CEO of Aldon.