Product Strategy and Product Life Cycle
the period between the product appearance on the market and its disappearance from circulation. Consequently, the product life cycle is a reflection of the evolving stages of a product over its lifetime. When creating a product strategy, it's important to consider the various stages of the product life cycle because sales and profits of a product undergoes significant changes during the product's lifetime. For this software product, the product strategy incorporates the various elements of product life cycle because the product has a limited life and is likely to undergo distinct stages. The other aspects to be considered for this software product strategy and its life… Continue Reading...
