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 ?
So where in this lifecycle are there opportunities for you to provide amazing service?
"With this acquisition, PTC is separating itself from other PLM vendors in its ability to support manufacturers across the entire product lifecycle."
According to Gartner, Inc., "manufacturers aren't paying enough attention to system engineering, product requirements management and quality monitoring as software increasingly becomes part of manufactured products."[1] A new generation of integral system engineering solutions is needed that can optimize requirements communication, collaboration and verification across the entire product development lifecycle.
* Prebuilt and customisable lifecycle templates, designed to meet the needs of a range of industries
Environmental lifecycle analysis, while still a fairly new technique, is becoming increasingly recognized as a tool in measuring producers' environmental credentials.
Many administrators have all but given up on manually managing data throughout its lifecycle because the operation is time demanding, resource intensive and never-ending.
Others will be specific to a vehicle variant and have smaller volume and probably a shorter product lifecycle. How to recoup product development and dedicated capital investment for these types of programs is critical.
Document templates are embedded in the lifecycle to show each team member exactly what is expected of them, including check in/check out, version control and a full access audit trail.
The ILM process involves matching data with the storage media it needs most at given points in the lifecycle. For example, a newly created piece of data would sit on its server's primary storage array.
Feith's powerful workflow engine enables records managers to maintain control of a record's lifecycle. Decisions can be made to delete, transfer, or retain the record permanently.
One of the most critical changes in the last 10 years has been the increasing pressure to shorten program lifecycles. This pressure is coming from a number of directions: