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The term Product Life Cycle (PLC) refers to the time period of a product being introduced to consumers into the market until it's removed from the scene. Five stages in PLC: Development- At this stage, costs are assembled with no parallel revenue. Some products require years and large capital investment to develop and then test their value. Since risk is high, outside funding sources are limited. Introduction- This stage is about growing a market for the product and building product awareness. At this stage marketing costs are high, as it's necessary to reach out to the target audience, also intellectual property rights protection is obtained. Product pricing may be high to recover costs linked to the development stage and funding for this stage is typically through investors. Growth- The product has been accepted by customers, and companies are seeking to increase market share. For innovative products, there is little competition at this stage, so pricing can remain at a higher level, both product demand and profits increase, and marketing is aimed at a wide audience. Funding for this stage is generally still through lenders or through increasing sales revenue. Maturity- Sales will stabilize, competition increases, so product features may need to improve to maintain market share while unit sales are at their highest at this stage, prices tend to reduce to be competitive. Production costs also tend to reduce because of more efficiency in the manufacturing procedure. Companies usually do not need additional funding at this stage. Decline- This is associated with decreasing revenue due to market saturation, high competition, and changing customer needs. Companies may choose to discontinue the product, sell the manufacturing rights to another business. This is the stage where the packaging will often announce "new and improved." PLC (Product Life Cycle) Watch AntWak's Ultimate PLC Management Guide videos by Real Life Professionals for better unders

Product Management could be your key to move out of a stagnating career. At times many of us may feel that we are stuck in a profession, in a job role, or in an organization that is not for us. It may feel like it is not our true calling. Well, then why waste time? Make a career switch into a career of your choice. Muster the courage and make the move. If Product Management is your likely choice, then this is the right blog for you. If not, then why not explore what is it like to be a PM! (Product Manager not Prime Minister) So, what would you be doing as a PM? Wearing multiple hats. As a Product Manager, you have to wear different hats at different times. Be a Psychologist - Embark upon a journey to empathize and understand consumer needs and challenges Be a Consumer Behaviour expert - Leave no stone unturned to mine latent consumer insights Be a Marketeer - Use frameworks to gauge the perfect product-market fit Be a Diplomat - Negotiate with and influence relevant stakeholders to obtain desired results Be an Architect and an Interior Designer - Build and design products that address consumer pain-points effectively and transpires into a practical and scalable solution Be a co-ordinator - Guide and Direct cross-functional teams to deliver timely results in sync with the overarching objective Be a crisis manager - Diagnose the situation, identify hurdles and be agile in resolving them while the product is being tested in the market Be a Relationship Manager - The duty of a PM does not end as soon as the product is launched. It extends further to keep creating and nurturing a delightful experience for the customer. Now, you're aware of the roles you are likely to perform. What about the skills required to fulfil them efficiently? Well, most experienced PMs emphasize on soft skills being the differentiator between a good and a great PM. Let's have a look at the most essential hard and soft skills required to be a product manager: Com

As schools and organisations move to remote education, there are potential gaps in our professional learning of which we should be aware. While many of us are discovering fresh opportunities for online and remote professional learning through podcasts, webinars and online courses, one of the most significant aspects of our professional learning has been curtailed thanks to social distancing.

Learn about Workplace Risk Assessment, Training and its Need. During these pandemic times, it is important that employees are made aware of the precautions to take to prevent themselves, their work colleagues and visitors from catching and spreading the Covid19 virus.

Due to hudreds of opportunities available on Internet more and more people are searching how to make instant money online without investing money. People those are aware about the potentials of affiliate marketing knows that it is not only a certain way to make money online but its a fantastic opportunity to generate a type of income that will allow you to stand on your own foot and quit your day job.

Healthy Relationship - So you become a woman who happens to be a few inches taller than you. Not great ! Here's how to be cool about the difference in height, with a slight awkwardness / self-awareness may be on both sides.

An increasingly significant aspect of literacy is an awareness of the visual elements that fall beyond the traditional components of written text. Termed 'Visual Literacy' this is the ability to read and create communications that use visual elements. It combines the skills of traditional literacy with knowledge of design, art, graphic arts, media and human perception. It takes literacy further beyond a decoding of text to a decoding of the complete package around the communication.

As an employer if you are looking toward bringing workers back into the workplace, but worried about their safety during pandemic times. Then, Consult to the Workplace COVID-19 Health and Safety Specialists Today!

We understand that you have a printer and a computer. We are also aware that you're facing a connection issue. If your printer is not connecting to your computer, you may not be able to print any documents. So, are you wondering what has caused this troublesome situation? We perfectly understand your problem and will help you solve it. There could be a host of reasons for your printer not getting connected to your computer.