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 ?
With that in mind, both embraced the practice of litigation lifecycle management and both began realizing immediate returns on their investment.
However, completely integrated lifecycle management applications are a year-and-a-half to two years down the pike.
Analysis of key considerations Pharma need to take care of when devising lifecycle management strategies
The issues, solutions and best practices for data protection, retention, regulatory compliance, disaster recovery and information lifecycle management are important elements of datacenter operations and information management practices.
Today, data or information lifecycle management is at a critical point in its evolution, where complex management solutions are starting to be replicated and best practices or blueprints can be created and delivered to multiple businesses.
Telelogic's solutions enable organizations to align product, systems, and software development lifecycles with business objectives and customer needs to dramatically improve quality and predictability, while significantly reducing time-to-market and overall costs.
Lifecycle management provides both the technology an methodology required to overcome the challenges associate with storage consolidation, IT administrators are able to gain control of the consolidation process from initial planning to the deployment phases.
Manages the entire service lifecycle - Unlike some products, X-Registry addresses the full SOA lifecycle of design-time, run-time and change-time criteria.
It is very easy to simply state that data lifecycle management is simply Hierarchical Storage Management (HSM) born again.
As a result, a lifecycle governance system is often needed to automate and validate the change management and impact analysis processes.
Detailed case studies of biopartnering strategies at different phases of lifecycle development and in-depth analysis of deal trends will ensure that you can identify best practice alliance and licensing strategies and formulate successful deals.
com), the global leader in Open application lifecycle management (ALM), today unveiled Borland([R]) Gauntlet([TM]), an innovative continuous build and test automation product that supports effective lifecycle quality management (LQM) by enabling organizations to continuously track, measure and improve software quality throughout the application lifecycle.