Sofema Online (SOL) www.sofemaonline.com considers the role of Marketing Based on Product Life Cycle
Introduction – What is the Product Life Cycle (PLC)?
Typically, all Products have a beginning, middle, and ending and the Product Life Cycle describes the stages of a product from launch to being discontinued.
Product marketing managers must introduce their new product while it's relatively unknown and production is small.
It is well known that there is a high failure rate of new products and an effective marketing process is essential to support successful delivery. Therefore it is important to review your portfolio to understand which stage your products or services have reached across your portfolio of all products and to assess the market share.