Change of an operations management strategy during a product’s life cycle. Introduction: Operations management strategy: The strategy of operations management explains the method and techniques utilized to achieve the overall objective. The strategy will change according to the market circumstances and the situations of the firm. Product life cycle: The product life cycle explains the different phases of a product beginning from the product idea and until finally it is removed from the market. There are some products which do not go through all the stages. The four stages of a product life cycle are: Introduction Growth Maturity Decline

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Chapter 2, Problem 9DQ

Summary Introduction

To determine: Change of an operations management strategy during a product’s life cycle.

Introduction:

Operations management strategy:

The strategy of operations management explains the method and techniques utilized to achieve the overall objective. The strategy will change according to the market circumstances and the situations of the firm.

Product life cycle:

The product life cycle explains the different phases of a product beginning from the product idea and until finally it is removed from the market. There are some products which do not go through all the stages. The four stages of a product life cycle are:

Introduction

Growth

Maturity

Decline

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