Describe the four stages of the product life cycle

Assignment Help Operation Management

Reference no: EM132294833

Assume the role of a manager of at a DVD manufacturing plant which creates DVDs to sell to distributors. The company has been in business for approximately 20 years when DVDs and DVD players were introduced to the public. Recently, this industry has undergone many technological advances, especially with the advent of new options for consumers such as Blu Ray discs and the rising popularity of streaming video services such as Hulu and Netflix. It is apparent that Blu Ray discs, which the business does not manufacture, are taking over the shelf space previously occupied by DVDs.

Describe the four stages of the product life cycle. Please explain each stage in detail. This means that I am seeking at least one good paragraph (minimum of 5 sentences) for each stage. Identify the stage of life the product (DVDs) are currently in, providing the rationale for this information. Please be sure to share in one to two sentences which stage that the DVD product is presently in next, share your reasoning for your choice. Why did you choose this stage?

Project the direction of the industry for the next five years, citing research as applicable.

Share in detail (one to two good paragraphs) how the project the direction of the DVD industry for the next five years.

Identify two suggestions for next steps in production with the rationale for each suggestion (i.e. continue with DVD production, stop production, move to stream services, etc.).

Please share one good paragraph (at least 5 sentences) for each of your suggestions. In addition, you are to share the rationale for BOTH suggestions.

Reference no: EM132294833

Questions Cloud

Solve problems and contribute to the body of literature : The underlying purpose of research is to learn ways to solve problems and contribute to the body of literature.

Information system infrastructure to support new service : Identify some of the challenges associated with building an information system infrastructure to support this new service.

Overall do you think mary has sound business-market strategy : Mary Smith is a single, 31-year-old wife and mother, who wants to start her own company. Overall do you think Mary has a sound business/market strategy?

Promotion is the P most generally identified with Marketing : Promotion is the “P” most generally identified with Marketing, but promotional efforts need to respond to an ever more difficult to reach target market.

Describe the four stages of the product life cycle : Describe the four stages of the product life cycle.

Think susan has sound business and market strategy : Overall do you think Susan has a sound business/market strategy?

Hat would be to total cost to transport the trucks to doha : If HDT selects the option to ship the 50 trucks via Chicago, what would be to the total cost to transport the trucks to Doha

Marketing strategic planning to deliver customer value : Explain the role of marketing strategic planning to deliver customer value in chosen company.

The cultures of public organizations : The Cultures of Public Organizations Public processes in organizations, whether policy making or public administration take place within a polity,

User Account

All Pages