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 ?
Automatically migrate aging data onto optimum storage for its value and lifecycle stage.
Analysis of key considerations Pharma need to take care of when devising lifecycle management strategies
To better enable our customers' drive towards an automated lifecycle process, Telelogic supports an open architecture and the use of standardized languages.
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the SOA Governance Company, today announced the availability of its comprehensive guide to SOA Governance and Lifecycle Management.
As principals for the XMetaL Content Lifecycle Solutions Practice, they will spearhead consulting engagements to maximize the business impact of XMetaL Content Lifecycle Solutions for current and future XMetaL customers to ensure the highest level of results.
The Company's initial attempt with the independent public listing of subsidiary emerging technology lifecycles is less than flattering, but it has provided valuable lessons for improving the timely execution of the current Intercell reorganization and the following pending reorganizations.
The Application Lifecycle Framework (ALF) Project is a subproject of the Eclipse Technology Project.
Bentley just signed a global agreement with SAP, under which SAP will resell mySAP PLM Integration for Bentley, integrated with the mySAP(TM) Product Lifecycle Management (mySAP PLM) solution, directly to its customers.
The Company's CodeAssure(TM) product suite automates the discovery and vulnerability analysis for prioritizing and fixing insecure software code, and provides process guidance for building more secure applications early in the development lifecycle.
ProfitLine's comprehensive solution, Telecom Lifecycle Management (TLM) Enterprise(TM), which includes TLM Core(TM), TLM Mobility(TM) and contract management services, provides a complete, outsourced solution for managing the entire telecom lifecycle.
Through a single point of observation and control, Aldon Lifecycle Manager provides customers with a unified management perspective for enterprise application configuration and change management.