Try to watch this movie http://en.wikipedia.org/wiki/Branded_(2012_film)
It is quite unethical sometimes if you really want to save your company/ industry.
You need to convince your customers/ consumers that the competitor's brnad are deadly dangerous.
E.g: in order to get consumers to continue to desire computers, you have to first make them lost interest in cell phones. Thus, destroy the market of cell phones.
*For your bands to grow, you need to learn how to ATTACK instead of DEFEND.
A product reaches the decline stage of the product life cycle due to several factors, including changing consumer preferences, advancements in technology, and increased competition. As new and innovative alternatives emerge, consumers may shift their interest away from the declining product. Additionally, market saturation and reduced demand can lead to declining sales and profitability, prompting companies to reassess their product offerings. Ultimately, if a product fails to adapt or rejuvenate, it may be phased out from the market.
in what stage of nike life cycle is this product ?
Growth stage
maturity stage
the productivity stage is the riskiest stage
A product reaches the decline stage of the product life cycle due to several factors, including changing consumer preferences, advancements in technology, and increased competition. As new and innovative alternatives emerge, consumers may shift their interest away from the declining product. Additionally, market saturation and reduced demand can lead to declining sales and profitability, prompting companies to reassess their product offerings. Ultimately, if a product fails to adapt or rejuvenate, it may be phased out from the market.
NOKIA was very good at its introduction stage but now it is declining day by day because samsung is trying to capture its market and samsung mobiles are cheaper compared with nokia so customers are switching on to samsung and Nokia is coming to a declining stage.
in what stage of nike life cycle is this product ?
The Nintendo Wii is currently in the Maturity stage. Although sales are declining profits are still positive. Nintendo announced that its new console is going to come out later this year.
Growth stage
Maturity stage.
maturity stage
the productivity stage is the riskiest stage
which product is in its introduction stage?
It's in the maturity stage of the product life cycle
research and development departments may make product modifications to meet the changing needs of consumers, distribution becomes selective again, and advertising becomes competitive
The maturity stage in the product life cycle is when sales peak and growth stabilizes. Competition intensifies, and companies may focus on product differentiation or cost reduction to maintain market share. It is characterized by market saturation and declining profit margins.