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 ?
Because a qualified, motivated, trained, proficient and right-sized workforce is essential, first and foremost, to achieving required life-cycle product support outcomes, the DoD and Services focused their attention on the personnel tasked to carry out this part of the mission.
Through life-cycle analysis, it is evident that consensus in the planning process may be difficult to achieve as a result of conflicting life cycles related to the firm and conflicting life-cycle goals of the principals.
EDSTAC (1) and the consequent EDSP proposal (2) both recommend the use of crustacean life-cycle assays for higher tier testing, with daphnids or mysid shrimps as the suggested test organisms.
This value-added structure provides users with an additional option to search for, or "browse," through records within the life-cycle management system using metadata, document content, or both.
The analysis considers the fate of a rare life-cycle allele m that causes Mm heterozygotes to have a life cycle [t.sub.m].
It allows specifiers to compare either the initial and life-cycle costs of hot-dip galvanizing or a duplex system to various other corrosion protection coatings.
Early engagement with your life-cycle logisticians is crucial.
The shape and complexity of an artificial product life-cycle depends on its features, complicatedness, working life etc.
Symposium on Life-Cycle Analysis for New Energy Conversion...(2007: Boston, Mass.) Ed.
The term "life-cycle" refers to a fair, holistic assessment that requires the analysis of all process elements, including raw materials extraction (substances used in manufacturing), processing, manufacturing, distribution, use, and end-of-life outcome, including all steps of transportation.
and Manfred, S., "Life-Cycle Engineering of Powder Coating Technology in Comparison to Other Painting Technologies," Ph.D.