FEEDBACK LOOPS

Feedback Loops

Feedback Loops

This exercise provides me an opportunity to learn about product life cycle. I found out that anytime a company develops a new product or service, it needs to be aware that the product and/or service will not last forever.

In another words we can define product life cycle here. Product life cycle management is the succession of strategies used by management and as a product goes through its product life cycle. The conditions in which a product is sold changes over time and must be managed as it moves through its succession of stages.

This is important to recognize ...