Published by:
Harvard Business Publishing
Length: 14 pages
Topics:
Marketing strategy
Share a link:
https://casecent.re/p/48677
Write a review
|
No reviews for this item
This product has not been used yet
Abstract
The product life cycle measures the likelihood, character, and timing of competitive and market events. A product strategy that includes some sort of plan for a timed sequence of conditional moves provides an offensive rather than a reactive move. Most successful products pass through certain recognizable stages. Awareness of these stages affects decisions on marketing factors such as pricing, product identity, and sales and distribution networks. New uses and new customers extend the product life cycle. Planning in the early stages for product life extension helps to guide the direction of ongoing technical research in support of the product.
About
Abstract
The product life cycle measures the likelihood, character, and timing of competitive and market events. A product strategy that includes some sort of plan for a timed sequence of conditional moves provides an offensive rather than a reactive move. Most successful products pass through certain recognizable stages. Awareness of these stages affects decisions on marketing factors such as pricing, product identity, and sales and distribution networks. New uses and new customers extend the product life cycle. Planning in the early stages for product life extension helps to guide the direction of ongoing technical research in support of the product.