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How to Avoid the Decline Stage of the PLC?

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Product Life Cycle
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Vivian, Nigeria

How to Avoid the Decline Stage of the PLC?

Understanding the phases of the product life cycle, are there ways of preventing these products from reaching the decline phase?
 

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1
Eunse, S Korea
 

Preventing from Reaching the Decline Stage

According to Christensen's Disruptive Innovation strategy, there's no way of just staying on the top of the game for good. Personally I agree with his view and would say it's best to come up with a better product before the current product hits the decline stage and takes the whole company down with itself.

 
2
Matt Cooper, UK
 

Prevention of Decline Phase of PLC

In markets where the product cannot reach saturation, for example foods where you need to re-buy daily then you can avoid the possibility of reaching your peak selling point (bearing in mind that the population and therefore consumer numbers are always increasing).
However, also some other non-necessary products can go on for a long time, Coca Cola is very much similar to the food example but unlike food it has had to take a strong hold of the market and almost monopolise it through its ability to benefit from economies of scale.
But otherwise, I'd agree its almost impossible to avoid the decline phase.
Most companies try to come up with an addition/advancement on their previous products to hit new peaks with their newer products as they hit the decline with the old ones. E.g. Phones- phones with cameras- phones with bluetooth-phones with internet etc.

 
2
Mohanned
Tunisia
 

Avoiding the Decline Stage of the PLC

Remember the product cycle life is not a linear process and many products pass straight to the decli... Sign up

 
1
shiju daniel
Strategy Consultant
 

How to Avoid the Decline Stage? Example from the Auto Industry in India

If products do not evolve over time they will eventually phase out. For example in India Ambassador ... Sign up

 
0
Jaap de Jonge
Editor, Netherlands
 

How to Avoid the Decline Stage of the PLC?

See also the expert tip: Marketing Strategies in the DECLINE Stage of the Product Life Cycle.... Sign up

 

More on Product Life Cycle:
Summary
Discussion Topics
topic When is a product successful?
topic Product Life Cycle versus Ansoff Model
topic The Marketing Strategy to Pursue at Various Stages of the PLC
topic The Product Life Cycle is not always Shaped like a Wave Form!
🔥 The Impact of Short Term Investing / Financing on New Product Development
topic Comparing the Product Life Cycle and the BCG Matrix
👀How to Avoid the Decline Stage of the PLC?
topic Product Life Cycle (PLC) and Food Standards
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More on Product Life Cycle:
Summary
Discussion Topics
topic When is a product successful?
topic Product Life Cycle versus Ansoff Model
topic The Marketing Strategy to Pursue at Various Stages of the PLC
topic The Product Life Cycle is not always Shaped like a Wave Form!
🔥 The Impact of Short Term Investing / Financing on New Product Development
topic Comparing the Product Life Cycle and the BCG Matrix
👀How to Avoid the Decline Stage of the PLC?
topic Product Life Cycle (PLC) and Food Standards
Special Interest Group

SIG Leader

Do you know a lot about Product Life Cycle? Become our SIG Leader

Knowledge Center

Product Life Cycle
Knowledge Center



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