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The Product Life Cycle and Product Design

In: The Design Imperative

Author

Listed:
  • Steven Chen

    (California State University)

Abstract

Many firms’ products fail not because they are poorly designed. They fail because firms do not successfully manage their products over time. This chapter introduces the product life cycle theory, which divides the life of the product into four major stages (Introduction, Growth, Maturity, and Decline) and discusses its design implications. Subsequently, Ansoff’s Growth Matrix is used to illustrate how firms can extend the life of growing and mature products. The chapter leverages Beats Electronics’ design strategy to illustrate the intricacies of the product life cycle.

Suggested Citation

  • Steven Chen, 2019. "The Product Life Cycle and Product Design," Springer Books, in: The Design Imperative, chapter 9, pages 123-142, Springer.
  • Handle: RePEc:spr:sprchp:978-3-319-78568-4_9
    DOI: 10.1007/978-3-319-78568-4_9
    as

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