Difference between revisions of "Lifecycle"
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== Definition == | == Definition == | ||
| − | '''Lifecycle'''. An arrangement that compares the cyclical nature of families, organizations, processes, products, marketing, and order management, portfolio management or other systems with the cradle to grave life stages (birth, growth, maturity, decay, and death) of living organisms | + | '''Lifecycle'''. An arrangement that compares the cyclical nature of families, organizations, processes, products, marketing, and order management, portfolio management or other systems with the cradle to grave life stages (birth, growth, maturity, decay, and death) of living organisms. Consecutive and interlinked stages of a product system, from raw material acquisition or generation of natural resources to end of life. |
== Example == | == Example == | ||
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== See Also == | == See Also == | ||
| + | * [[Life Cycle Assessment]] | ||
* http://www.businessdictionary.com/definition/life-cycle.html | * http://www.businessdictionary.com/definition/life-cycle.html | ||
* http://www.investopedia.com/terms/p/product-life-cycle.asp | * http://www.investopedia.com/terms/p/product-life-cycle.asp | ||
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[[Category:Lifecycles]] | [[Category:Lifecycles]] | ||
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Latest revision as of 13:38, 31 May 2023
Definition
Lifecycle. An arrangement that compares the cyclical nature of families, organizations, processes, products, marketing, and order management, portfolio management or other systems with the cradle to grave life stages (birth, growth, maturity, decay, and death) of living organisms. Consecutive and interlinked stages of a product system, from raw material acquisition or generation of natural resources to end of life.
Example
- The Product Lifecycle describes the period of time over which an item is developed, brought to market and eventually removed from the market. The cycle is broken into four stages: introduction, growth, maturity and decline. The idea of the product life cycle is used in marketing to decide when it is appropriate to advertise, reduce prices, explore new markets or create new packaging.
- The NPL Life Cycle is the description of the different possible stages and outcomes of a Non-Performing Loan or exposure
