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 ?
Like customer experience mapping, building customer lifecycles can be real eye opener.
The acquisition expands PTC's portfolio of solutions for product support and service organizations, and sustains PTC's vision for solutions that span both product and service lifecycles.
In many circumstances, the lifecycle is not determined by the customer's interactions with the brand, but rather the channel that the messages are delivered through.
"As a result, companies are seeking a much more comprehensive management approach to their product lifecycle. By combining MKS Integrity with our PLM portfolio, PTC is setting a new standard for unified product lifecycle management with the industry's only truly integral product configuration, collaboration and change management solution."
* Actionable insights into online marketing programme effectiveness, content viewed and products purchased at every milestone of the customer lifecycle
While there have been a number of studies on electronic systems to date, detailed lifecycle analysis studies focusing on PWBs are limited and are specific to certain product types.
Energy Lifecycle Management (ELM) can be defined as a set of energetic analysis and management tools for the implementation of energetic management systems in the manufacturing floors [2,5].
Dyadem is the market leader in Quality Lifecycle Management and Risk Lifecycle Management solutions, helping discrete and process manufacturers manage quality and risk in their processes.
READING, UK & MALTA - DataCore Software is sponsoring the LifeCycle Challenge in its 21st anniversary year, raising much needed funds to assist renal patients to have a significantly improved quality of life.
Fact.MR has announced the addition of the "Threat Lifecycle Services Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2028"report to their offering.
Traiana, the leading infrastructure service for trade lifecycle and risk management solutions, announced that it has launched a new service to fully automate the post trade lifecycle management of the multi-trillion dollar equity swaps market.