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 ?
The product life cycle theory draws an analogy with the life cycle of human beings, in that every product in a market is mortal.
This allows for an interbreeding population and makes mixed life cycles possible.
What is the relationship of product mix, product popularity, and the life cycle of products to the marketing decisions of libraries?
Even for those products whose environmental effects are relatively low, the Life Cycle Assessment (LCA) should help to identify those stages in production processes and in use which cause or have the potential to cause pollution, and those which have a heavy material or energy demand (Ros & Fratila, 2005).
gondii begins and ends its life cycle in domestic cats.
Moreover, Lanier has found forms of the bacteria at different stages of their life cycle. This is the first time the life cycle of any organism from the Precambrian, or the earliest 2.5 billion years of the earth's history, has been described.
A life-cycle assessment quantifies the inputs (materials, energy) and the outputs (emissions, waste) associated with each life cycle stage of a product, estimates impacts (climate change, resource depletion, etc.) and interprets the results to make conclusions - for example - on processes, energy and materials that contribute most significantly to a product's life cycle.
And don't forget that for the life cycle logistician, system design decisions can dictate maintenance, facilities, packaging, handling, storage and transportation, and supply support requirements, which in turn lead to support equipment, technical manual and training requirements.
I don't agree with his definition of life cycle, which is: 'An animal's life cycle begins when it is born and is completed when it has young of its own'.
"There is significant cost and performance improvement when you manage record life cycles and purge records from your operation systems," he said.
The main reason for evolution of this calculation access was penetrative stealing of life cycles whole products along with cost rises related with preparation new products as well as his withdrawal from production.
All of these tools address various phases and components of products' life cycles, but none can ensure that all phases and components will be addressed because regulators' interests and choices are generally narrower than the scope of activities encompassed in LCAs.