I recently read a Scott Adams cartoon http://dilbert.com/strips/comic/2013-06-09/ in the Greensboro News and Record Sunday paper and had flash backs to projects that prematurely move to the production phase. Experience indicates that this mentality contributes to the recalls to which the consumers are subjected. Capitalism is based upon the willingness to take risks. There is […]
In the decline phase our rate of growth is now negative sloping. We no longer are garnering more customers and market share but are losing both. We still may be able to eke out a profit, but we will have to work especially hard doing so. If we were forward thinking, we likely have a […]
We have seen our product and our sales volume grow, and we begin to see that rate of growth slow. We are entering the maturity phase of our product life cycle. In the maturity phase we are no longer acquiring customers at our previous rate. The market is becoming saturated; perhaps there are newer versions […]