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Process Of Innovation In Product Lifecycle Management Business Strategy



    (Faculty of Mechanical Engineering, University Ss. Cyril and Methodius in Skopje, Macedonia)


    (Faculty of Mechanical Engineering, University of Maribor, Slovenia)


    (Faculty of Mechanical Engineering, University Ss. Cyril and Methodius in Skopje, Macedonia)


    (Technical University of Turin, Italy)


This article proposes a scenario of Product Lifecycle Management (PLM), as a innovative business strategy based on the analysis of business drivers, industry requirements, limit of current solution, and recent state-of-the-art review in the domain related to PLM. Potential industrial impact of the developed PLM technology solutions is analyzed. It is hoped that the proposed PLM technology solutions will form the frontier basis for further research, development, and application of PLM systems to quickly adapt to the dynamic changing market for industry companies to pursue the most advanced competitiveness. This article presents a process oriented framework to support effective PLM implementation with a set of lifecycle oriented business process reference models which links the necessary fundamental concepts, enterprise knowledge and software solutions to effectively deploy PLM

Suggested Citation

  • Valentina Gecevska & Franc Cus & Radmil Polenakovic & Paolo Chabert, 2011. "Process Of Innovation In Product Lifecycle Management Business Strategy," Perspectives of Innovation in Economics and Business (PIEB), Prague Development Center, vol. 9(3), pages 53-56, August.
  • Handle: RePEc:pdc:jrpieb:v:9:y:2011:i:3:p:53-56

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    References listed on IDEAS

    1. Amacher, Gregory S. & Malik, Arun S., 1996. "Bargaining in Environmental Regulation and the Ideal Regulator," Journal of Environmental Economics and Management, Elsevier, vol. 30(2), pages 233-253, March.
    2. Dasgupta, Susmita & Laplante, Benoit & Mamingi, Nlandu & Wang, Hua, 2001. "Inspections, pollution prices, and environmental performance: evidence from China," Ecological Economics, Elsevier, vol. 36(3), pages 487-498, March.
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    More about this item


    Product Lifecycle Management (PLM); innovation; business processes; technology.;

    JEL classification:

    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General


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