Industry Life Cycle Explained

Industry life cycle or product life cycle shows the four (or five) stages that a product or industry goes through from the introduction phase to the growth phase then the maturity phase and finally the decline phase. Each phase has different things companies should focus on in terms of advertising, strategies, and innovations.
#marketing #principlesofmarketing #newproductdevelopment
Topic 11 New Product Development
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[@achyutbhattarai6158]

great video!

[@ProfessorWolters]

Thanks!

[@nithiyaajiva5580]

Well, understand. Thank you so much, Mr. Wolters.

[@yikesyikes5974]

Thank you for your explanation. You explained this perfectly.

[@Nina-io3uy]

You are an amazing educator! Thank you for this video.

[@ProfessorWolters]

Thank you!

[@frednich9603]

very interesting topic. Thanks Mark. This has more to do with Product lifecycle, but one of my pet peeves it planned obsolescence. Not just just apple, I have said for years that these forced updates slow down phones, destroy battery life, and in general encourage you to get a new phone. Oh I'll get a new phone alright, just not one from the same brand as the one that was purposefully ruined by an update. Or, verizon announced a few months ago that they would no longer be offering the older, larger SIM cars for activation. If you have an old phone you can still use it, but forget about getting a new SIM card for a phone that is more than a couple of years old. Burns me up

[@ProfessorWolters]

yeah, and i think there is a state that is investigating the slowing down of older model phones with updates. Should be interesting if anything comes of it

[@Olando89]

Very interesting video.

[@ProfessorWolters]

Glad you think so!

[@isainrennes]

Professor I would appreciate if you could maybe talk about the different careers that are offered in marketing. Thank you for the videos I’ve learned so much. I’ve been teaching myself since 2018 . My schooling is online until I transfer to a business school in France .
Greetings from Los Angeles

[@ProfessorWolters]

Will do! That is down the line in the videos, but it will be out probably middle of the fall

[@montdawgs]

I🎉🎉k🎉 ok

[@tosht2515]

...or you can be Staffelter Hof winery and sell the same wines for 1200 years. 😀👍

[@ProfessorWolters]

Bingo ;)