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The 6 Stages of the Product Life Cycle

Hubspot Marketing

This is a great example of the product life cycle (PLC) in action. Overall, the concept of the product life cycle is to help businesses make decisions on how to mature and grow in the marketplace. For example, a brand new product will market differently than a well-established, mature product.

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Product Life Cycle: What it is & What Are The Stages Involved?

OnPassive Marketing

The time between a product’s introduction to the market and its removal from the shelves is referred to as the “product life cycle.” ” Product life cycle management is the process of planning ways to support and maintain a product continuously.

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What Marketers Can Learn From Bud Light’s Tumble

Set Up

The move was met with backlash from some followers who called for a boycott of the product. It is also important to evaluate your brand’s reputation, role in society, and life stage. In Bud Light’s case, they are a hundred million dollar brand that has been on the market for over 40 years.

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Looking for Content Strategy Buy-In? Don’t Rely on the Same Old Arguments

Content Marketing Institute

So, we start from the premise that we need to move the creation and production of content to the limited few who can actually govern that process effectively. From a marketing and communications perspective, we built strategies around the creation of content for whatever part of the product life cycle we were in charge of.