IDEAS home Printed from https://ideas.repec.org/h/ito/pchaps/240003.html
   My bibliography  Save this book chapter

Understanding the Stages of the Product Life Cycle

In: Product Life Cycle - Opportunities for Digital and Sustainable Transformation

Author

Listed:
  • Chinonso Udokporo

Abstract

Originally formulated in the context of biological studies, the Life cycle (LC) concept was and now has become widely adopted as a framework for the interpretation and evaluation of phenomena that are subject to, and bound by the inevitability of change. The application of the LC concept to the development of industrial products is an important element in the administration of technological innovation. On this basis, therefore, it is referred to as the product life cycle (PLC). The concept of the PLC is used to support decision making in the management of product development. It may also be used in corporate strategy development, as well as the planning of activities and can be adapted to focus on technology deployment.

Suggested Citation

  • Chinonso Udokporo, 2021. "Understanding the Stages of the Product Life Cycle," Chapters, in: Antonella Petrillo & Fabio De Felice (ed.), Product Life Cycle - Opportunities for Digital and Sustainable Transformation, IntechOpen.
    • Handle: RePEc:ito:pchaps:240003
    DOI: 10.5772/intechopen.99036
    as

    Download full text from publisher

    File URL: https://www.intechopen.com/chapters/77641
    Download Restriction: no
    File URL: https://libkey.io/10.5772/intechopen.99036?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    product life cycle stages; introduction; growth; maturity; decline; management;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ito:pchaps:240003. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Slobodan Momcilovic (email available below). General contact details of provider: http://www.intechopen.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.