Worksheet Life Cycle Analysis Life Cycle Analysis Product Analysis Summary Stage
Decline
Product Sales (Y axis): Introduction, Growth, Maturity, Decline (X axis)
Draw the life cycle of a specific product, predict its future evolution, and suggest a promising business model for a specific competitor.
Step 1: Select a product whose life cycle you can identify.
Step 2: Draw the life cycle of the product in the empty box.
Step 3: Consider the characteristics of the stages in the life cycle through which the product has evolved. Put your ideas in the relevant boxes in column two.
Step 4: Predict the future evolution of the product. Put your ideas in the relevant boxes in column two.
Step 5: Suggest a promising business model for a specific competitor. Put your ideas in the relevant boxes in column three
