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Product Life
   Cycle


V.Shanmuga Prabhakar
Product Life Cycle
 Product passes through certain distinct
 stage in its life and this is called the
 product life cycle.

 Four   Distinct Stages
 a.   Introduction
 b.   Growth
 c.   Maturity
 d.   Decline
New LifeCycle
P               Cancer

r
o     Looping
                         Maturity
f                                   Decline
i               Growth
t   Birth
                                          Death

                    Time
PDLC is to assert
 Limited    Life
 Distinct  stages - different challenges,
  opportunities and problems to the sellers
 Rise and fall in profit
 Different        marketing,     financial,
  manufacturing, purchasing and human
  resource strategies in each stage.
Different Patterns
 Growth-Slump-Maturity
 Cycle-Recycle
 Scalloped
 Fad
 Seasonal
 Boom
 Revival   or Nostalgia
 Bust
Growth-Slump-Maturity


                            Home Appliances



                                     Cycle-Recycle

   Products with Exchange
            Offer



      Scalloped


                             Nylon, Bamboo, Jute
Fad Pattern




      Red Bull Energy Drink
Seasonal Pattern




          Ear Muffs
Boom Pattern




     Horlicks Plain
Revival Pattern




       General Motors
          Ambassador
Bust Pattern




     HCL MiLeap X Series
     ultra-mobile laptop
4 P’s during different stages
Product Diffusion Curve
 Product   Diffusion curve is partly responsible for
  product lifecycle curve
 Consumers grouped - how quickly they adopt
  to a product
 New product adoption process can be
  modeled as a bell shaped curve
 Five different adoption groups
  a.   Innovators
  b.   Early Adopters
  c.   Early Majority
  d.   Late Majority
  e.   Laggards
Product Diffusion Curve
Adoption Groups
    Group         %                 Characteristics
Innovators       2.5     Interested in new ideas
Early            13.5    Convey Ideas of innovators to others.
Adopters                 Greatest degree of opinion
                          leadership

Early Majority   34      Adopt new innovation just before the
                          average member of a system.
Late Majority    34      Adopt new innovation after the
                          average member of a system.
Laggards         16      Traditional.
                         Suspicious of innovators.
                         Not opinion leaders.
Product life cycle

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Product life cycle

  • 1. Product Life Cycle V.Shanmuga Prabhakar
  • 2. Product Life Cycle  Product passes through certain distinct stage in its life and this is called the product life cycle.  Four Distinct Stages a. Introduction b. Growth c. Maturity d. Decline
  • 3.
  • 4. New LifeCycle P Cancer r o Looping Maturity f Decline i Growth t Birth Death Time
  • 5. PDLC is to assert  Limited Life  Distinct stages - different challenges, opportunities and problems to the sellers  Rise and fall in profit  Different marketing, financial, manufacturing, purchasing and human resource strategies in each stage.
  • 6. Different Patterns  Growth-Slump-Maturity  Cycle-Recycle  Scalloped  Fad  Seasonal  Boom  Revival or Nostalgia  Bust
  • 7. Growth-Slump-Maturity Home Appliances Cycle-Recycle Products with Exchange Offer Scalloped Nylon, Bamboo, Jute
  • 8. Fad Pattern Red Bull Energy Drink
  • 9. Seasonal Pattern Ear Muffs
  • 10. Boom Pattern Horlicks Plain
  • 11. Revival Pattern General Motors Ambassador
  • 12. Bust Pattern HCL MiLeap X Series ultra-mobile laptop
  • 13. 4 P’s during different stages
  • 14. Product Diffusion Curve  Product Diffusion curve is partly responsible for product lifecycle curve  Consumers grouped - how quickly they adopt to a product  New product adoption process can be modeled as a bell shaped curve  Five different adoption groups a. Innovators b. Early Adopters c. Early Majority d. Late Majority e. Laggards
  • 16. Adoption Groups Group %  Characteristics Innovators 2.5  Interested in new ideas Early 13.5  Convey Ideas of innovators to others. Adopters  Greatest degree of opinion leadership Early Majority 34  Adopt new innovation just before the average member of a system. Late Majority 34  Adopt new innovation after the average member of a system. Laggards 16  Traditional.  Suspicious of innovators.  Not opinion leaders.