life cycle

(noun)

The useful life of a product or system; the developmental history of an individual, group or entity.

Related Terms

  • assessment
  • strategy

Examples of life cycle in the following topics:

  • Life Cycle of Small Business

  • Considering the Organizational Life Cycle

    • The life cycle of an organization is important to consider when determining its overall design and structure.
    • The Enterprise Life Cycle is a model that underlines the way in which organizations remain relevant.
    • Daft theorized four stages of the organizational life cycle, each with critical transitions:
    • The Enterprise Life Cycle comes strongly into play in the elaboration stage.
    • Describe the way in which life cycles influence an organization's overall design and structure
  • The Technology Life Cycle

    • The technology life cycle describes the costs and profits of a product from technological development to market maturity to decline.
    • The technology life cycle (TLC) describes the costs and profits of a product from technological development phase to market maturity to eventual decline.
    • Due to rapidly increasing rates of innovation, products such as electronics and pharmaceuticals in particular are vulnerable to shorter life cycles (when considered against such benchmarks as steel or paper).
    • Taking these two models into consideration, a business unit with a new product or service must consider the scale of investment in R&D, the projected life cycle the technology will likely maintain, and the way in which customers will adopt this product.
    • Categorize the four distinct stages in the technology life cycle and apply the five demographic consumer groups in the context of these stages
  • Bureaucratic Control

    • The quality control cycle improves processes through a continuous cycle of planning, doing, checking, and acting.
    • The quality control life cycle is an ongoing cycle of planning, monitoring, assessing, comparing, correcting, and improving products or processes.
    • It is also known as the Deming circle/cycle/wheel, Shewhart cycle, control circle/cycle, or plan–do–study–act (PDSA).
    • Another version of this PDCA cycle is OPDCA.
    • Use the four central components of the quality control cycle as a quality control (QC) tool
  • Types of Social Responsibility: Ecocentric Management

    • For example, they may incorporate life-cycle assessment, a technique aimed at assessing the environmental impacts associated with all the stages of a product's life, from raw material extraction through materials processing, manufacture, distribution, use, repair and maintenance, and disposal or recycling.
  • TQM

    • Total: TQM involves the entire organization, supply chain, and/or product life cycle.
  • Assessing an Organization's Technological Needs

    • As successive groups of consumers adopt new technology a bell curve emerges - this is referred to as the innovation adoption life cycle (the blue bell curve on the above graphic).
  • Technology as a Driver and Enabler of Innovation

    • Product life cycles shows how economic returns go through a steep exponential growth phase and an eventual evening out, which motivates businesses to leverage technology to produce new innovations.
  • The Mission of Human Resource Management

    • On an individual level, HR's mission is to manage the employee experience during the employment life cycle.
  • Speed of Innovation

    • A high rate of change can be seen in the shortening of product life cycles, increased technological change, increased speed of innovation, and increased speed of diffusion of innovations.
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