I had an opportunity to attend a session on High tech product management at recently concluded Nasscom Product Conclave Meet. Session was phighly useful. I am highlighting one topic from the session which is “Lifecycle of a product”.
The Product Lifecycle Stages:
Development – this is the most costly stage of the cycle as there are no revenues to support development efforts. Losses occur in the short-term, as precious resources are allocated to development efforts.
Introduction – Product is introduced in the market, in this stage losses continue due to high costs and low revenues. There is little or no … Read more