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The Product Life Cycle
 
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Help us learn more about your experience by completing this short survey: https://www.surveymonkey.com/r/RRKS8LZ Subscribe to Alanis Business Academy on YouTube for updates on the latest videos: https://www.youtube.com/alanisbusinessacademy?sub_confirmation=1 The product life cycle represents a series of stages that products--similar to people--go through over the course of their lives. Marketers use their knowledge of the product life cycle to alter their marketing strategies related to specific products. In this video,​ I'll explain the product life cycle and provide examples of products that fit into each of the stages.
Views: 185325 Alanis Business Academy
Product Life Cycle |Different Stages of product life in Hindi | Introduction-Growth-Maturity-Decline
 
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Views: 74231 Intellectual Indies
Product Life cycle  - Stages of PLC explained with examples
 
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The product life cycle consists of 4 stages. Each stage is explained in detail in this video and there is an example of product life cycle provided at the end.
Views: 23875 Marketing 91
Service Life Cycle Management
 
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Andrew Doble describes how Service Life Cycles have to be managed within an SOA.
Views: 2909 soapark
Product life cycle in hindi
 
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Thank you friends to support me Plz share subscribe and comment on my channel and Connect me through Instagram:- Chanchalb1996 Gmail:- [email protected] Facebook page :- https://m.facebook.com/Only-for-commerce-student-366734273750227/ Unaccademy download link :- https://unacademy.app.link/bfElTw3WcS Unaccademy profile link :- https://unacademy.com/user/chanchalb1996 Telegram link :- https://t.me/joinchat/AAAAAEu9rP9ahCScbT_mMA
Views: 29703 study with chanchal
Product Lifecycle Management
 
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Views: 3479 Malin Lindgren
How to Sell A Product - Sell Anything to Anyone with The 4 P's Method
 
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▸ FREE COURSE: Discover The 10 BEST Ways to Make Passive Income Online (Even If You're A Complete Beginner) | https://passiveincomekingdom.com ▸ [FREE] 🔥FREE BOOK: "The YouTube Success Formula" Discover The 31 Tactics To Start A Six Figure YouTube Channel From SCRATCH | https://bit.ly/2E4OhMh ► Free 11 Questions to Change Your Life http://refusingtosettle.com WATCH PART II HERE: https://youtu.be/RzySC4hmlIs Stop settling start living Clark ____________________ How to Sell A Product so That People MUST Buy - 4 P's Method Promise In this video, I will teach you how to sell so good people will pull out the wallet and say “TAKE MY MONEY”. Before you learn this must promise me: I WILL ONLY USE THIS METHOD FOR GOOD. I WILL NOT MANIPULATE. If you can’t promise that, aka you’re a sociopath do not watch this video. Picture If you’re watching this video I’m willing to bet you’ve had to SELL something at some point in your life. physical product? IDEAS? Sell yourself in an interview. Whatever it is, picture having a method that works for anything — A master key in the back of your pocket you can pull out any sales situation and it fits perfectly. Unlock the results you want with one turn. Teach you that simple formula I use for writing persuasive content, sales pitches, convincing girlfriend where we should eat — list goes on. ___ // BEST COURSES ▸ (FREE Course) Passive Income | http://passiveincomekingdom.com ▸ Courses That Crush | http://coursesthatcrush.com/go ▸ Video Breakthrough Academy | https://myvideobreakthrough.com ▸ Backstage Studio | https://mybackstagestudio.com ▸ My Best Journal 2.0 | http://mybestjournal.com ▸ 30-Day Coaching | https://my30DayCoaching.com ▸ Shopify Dropshipping Course | https://tinyurl.com/y8zoft8t ▸ Amazon FBA Course | https://tinyurl.com/y7q6yc9u ▸ Facebook Ads Course | https://tinyurl.com/y9gmbz5a ▸ Affiliate Marketing Course | https://bit.ly/2Qfuykr ___ // R E S O U R C E S ▸ Ultimate Online Business Resource Guide | https://bit.ly/2DYmFZk ▸ ULTIMATE YouTube Gear Guide | https://bit.ly/2KUQjQl ▸ FREE Audiobook with Audible | https://bit.ly/2PiF3Og (affiliate) ▸ Join the Refusing to Settle Mastermind | https://goo.gl/wsNnwu ▸ Join the YouTube Entrepreneurs Group | https://bit.ly/2t2fDeW ▸ FREE 14-Day Trial: Build Amazing Websites Under 20 min | https://bit.ly/2G0JRbU (affiliate) ___ // F O L L O W ▸ instagram | @refusingtosettle ▸ facebook | /clarkdangerous ▸ facebook group 01 | https://goo.gl/wsNnwu ▸ facebook group 02 | https://bit.ly/2t2fDeW ▸ spotify mix | https://tinyurl.com/yazfeujt ▸ twitter | @clarkkegley ___ // P L A Y L I S T S ▸ Best of RTS Playlist | https://goo.gl/5Spvy6 ▸ Create Your First Online Course | https://tinyurl.com/y7kmqg5j ▸ Start Your YouTube Channel | https://tinyurl.com/y7luepzx ▸ Money Monday Series | https://goo.gl/7mMxgL ___ ✔ SOURCES ✔ Videos: [TED] — “Teach every child about food | Jamie Oliver” — https://youtu.be/go_QOzc79Uc Music: Intro Song “Refute” and “The Back of Your Hands” by Nimino, follow here: https://soundcloud.com/niminomusic Song by “Perth (Bon Iver Remix)” by Mi Ka, follow here : https://soundcloud.com/mikamusic-1 Songs “Flood” and “Drift" by TREGS, follow here: https://soundcloud.com/tregsmusic Song “Thinkin’ Back Pt. 2” by Derlee, follow here: https://soundcloud.com/derleemusic #RefusingtoSettle ✔ SOURCES ✔ Videos: "Downtown Detroit” by DJKNOWLEDGE313 VIA Videvo CC "City Night” by Videovo [Movieclips Trailers] — “Steve Jobs Official Trailer #1 (2015) - Michael Fassbender, Kate Winslet Movie HD” — https://youtu.be/ufMgQNCXy_M [NBC News] — “Mike Rowe: 'Dirty Jobs' Reached Same People As Donald Trump's Campaign | Meet The Press | NBC News” — https://www.youtube.com/watch?v=33h2mgrY_ZI [brinydeep] — “Mike Rowe on QVC - Lava Lamp” — https://www.youtube.com/watch?v=kbd2DucRe1M [AkwGibbs] — “Sell me this pen - Wolf of Wallstreet” — https://youtu.be/9UspZGJ-TrI #RefusingtoSettle
Product Life Cycle (PLC) - Marketing Management Video Lecture by Prof. Vijay Prakash Anand
 
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"MARKETING MANAGEMENT MASTERCLASS" Course Link and Discount Code: https://www.udemy.com/marketing-management-masterclass/?couponCode=MARKETINGYT In this video, I have talked about Product life Cycle. ................................................................................................ Web: www.marketingbyvijay.com Check out my blog: https://marketingbyvijay.wordpress.com/ Like my Facebook Page: https://www.facebook.com/marketingbyv... Please send your queries, feedback and suggestions on [email protected]
Views: 22237 Marketing by Vijay
Product and Service Management - Introduction to the Product Life Cycle
 
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Full course: https://www.udemy.com/4-strategies-for-product-and-service-management/?couponCode=PROMONOW Product and Service Management Activities Think of a product or service that your organization provides. Now think about the recurring activities that manage and support that product or service. These activities are known as product and service management. Your company might not classify these activities under the product and service management umbrella, but every organization carries out this management practice. Strategies for Products and Services This type of management is responsible for creating strategies for a company's products and services. To achieve this, product and service management is interlinked with the product and service life cycle. The product or service strategy needs to be tailored specifically to the requirements of the stage in the life cycle the product or service has reached. The Product and Service Management Process The product and service management process always begins with a new product or service idea. This process guides the product or service to the market and provides support to customers who purchase it. Throughout the course the term 'product' may be used in reference to both products and services. Product and service management is a vital process in both service and manufacturing operations. And, remember that whether a product is tangible – for example a laptop – or intangible – such as phone service support for laptop operation – it requires product and service management. Manufacturing and Service Operations Manufacturing and service operations both rely on product and service management to provide a complete beginning-to-end solution for their products. Examples of manufacturing operations include automobile manufacturers, laptop producers, and pharmaceutical companies. The same principles apply to a service environment and a manufacturing environment. So, regardless of the type of environment, the main principles of operations management will apply. More often than not, companies are combining both manufacturing and service elements in their product offering to remain competitive. A common example of this is in the computer manufacturing industry, where support services are also offered with the product. Importance of Product and Service Management By ignoring product and service management, your company runs the risk of failing to maximize a potentially successful product's potential or promoting a product with no market potential at all. Both outcomes result in losses for your company. Full course: https://www.udemy.com/4-strategies-for-product-and-service-management/?couponCode=PROMONOW
Views: 447 Sorin Dumitrascu
Product - Development Stages
 
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This video explores the 8 stages of product development. As well, it helps identify what we mean by 'product' and where the development process fits into the Marketing Mix.
Views: 230406 Jason Richea
Product Life Cycle Management Diensten  | NSF International
 
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Product Life Cycle Management Services is a concept that NSF has developed for food manufacturers and retailers which have their own private label products. We can support you from product idea creation till the launch of a product and afterwards with assessing satisfaction and improving your product further.
Views: 25 NSF International
Aftersales service & customer support
 
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Throughout the product's life cycle, you propose, define and implement an optimized support system comprising documentation, user training, tools, spare parts, etc., in line with customer requirements and the type of product involved. You will monitor and optimize this system throughout the product's life, until it is withdrawn from service.
Views: 770 Safran
Three Levels of a Product Explained
 
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In this video, we explain the Three Product Levels Model by Philip Kotler. You can read more and download the template shown in the video here: https://goo.gl/GssVRC
Views: 739 EPM
Product management vs Project management vs SDLC | Comparison and Relationship
 
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We will look into the relationship and difference between product life cycle management, project life cycle management and SDLC (Software Development Life cycle management) with a simple example in this video. First we will try to define, life cycle phases and major focus of each of these. Product management: Product life cycle management is the process of managing the entire life cycle of a product from inception, through engineering design, and manufacture, to service and disposal of manufactured products. Generally Product life cycle management has the following phases. Idea generation Idea Screening Business Analysis Product Development Test Marketing Commercialization Evaluate and refine Major focus of product life cycle management is, the features and functionalities of the product that it offers to the customers. Now we will look into Project management. As per Project management institute (PMI), Project can be defined as a temporary endeavor undertaken to create a unique product, service, or result. the temporary indicates the project has a define start and end time. Project management can be defined as the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements. As per PMI, project management has five process group or phases as follows. Initiating, Planning, Executing, Monitoring and Controlling Closing. The main focus of project management is, to ensure the deliverable are meeting the requirements. Let's move on to SDLC life cycle management. SDLC can be defined as a process for planning, developing, testing, and deploying an information system. SDLC management deals with this managing the process associated with SDLC to build the IT system. Generally it has following 5 phases and according to the selected methodology these phases may or may not overlap. Requirements gathering Design Development Testing, and Implementation Major focus of SDLC management is, to build the system according to the specifications. Let me connect the product, project, and SDLC life cycle with a simple example. Lets imagine a scenario where company XYZ wants to launch a new online web store that helps the merchants to sell their products online. As a first step The XYZ company will start with the initial process of product life cycle management, idea generation, idea screening and business analysis are been performed and business cases are produced to support the launch of the online store. Now the company will start a new project for developing and launching the site. At this stage, the first phase of the project Initiation will be kicked off and project charter, stake holder register will be created. At the time project planning phase, SDLC life cycle starts. Also during the project planning phase, Software Development Methodology (SDM) will be chosen to implement the SDLC process and the software development starts. Normally entire SDLC will be contained in planning, execution, monitor & control phases of project life cycle. I would like to mention one point here. we can't exactly define at what phases of project management life cycle, the SDLC process will fit in, as the SDLC process might or might not overlap based on the selected software development methodology. So here I made an assumption of water fall SDLC methodology is followed. System development and launching process will start either at the planning, or slightly before that, and go through the execution and finishes at the monitoring and control phase. At this stage, SDLC life cycle ends. Next phase of the project is the project closing phase where the required documents will be submitted and the project will get closed formally. Though the project is closed here, still the product life cycle continues here. Product evaluation and refining is a continuous process and the product will be evolved further based on the customers feed back or through some analysis. Lets say, the company wants to roll out a mobile version of the application to the market. At this point of time one more project will be started and will continue the same cycle as mentioned above. So in a nut shell, a product life cycle will have many project life cycles and SDLC will be a part of the project management life cycle.
Views: 4741 Kavin Kumar
Product Life Cycle
 
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Product Life Cycle - created at http://animoto.com
Views: 7981 Leo Paraskevopoulos
Product and Service Management - Actions for Product Life Cycle Stages
 
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Full course: https://www.udemy.com/4-strategies-for-product-and-service-management/?couponCode=PROMONOW Understanding Product Life Cycle Understanding the product life cycle is an important step in formulating a successful product strategy. Operations management is responsible for the majority of the stages in the life cycle, with marketing handling the remainder. But it's essential that for each stage of the product life cycle, both operations and marketing are aligned and communicate in an effective manner with each other. This relationship is extremely important – it can determine whether a product strategy is successful or not. Stages of the Product Life Cycle The product life cycle has four stages: 1 - introduction. 2 - growth. 3 - maturity, and 4 - decline. Introduction The first stage involves the product being introduced to a new market. Product awareness and development are key aspects of this process. Branding and quality levels are established and issues relating to intellectual property, patents, and trademarks are addressed. At this point in a product's life cycle, its target audience includes innovators and early adopters. It isn't heavily distributed at this stage, as the organization wants to wait until there is significant consumer acceptance of the product. Growth The second stage is the growth stage. The organization tries to build brand preference to retain a loyal customer base. The aim is to increase the product's market share. Quality and price become very important factors at this stage. Additional features may be added to the product to ensure consumer interest is maintained. The promotion of the product is widened and the target audience broadens. The product is more widely distributed in response to increasing demand and customer acceptance. Maturity In the third stage, maturity, it is common for sales to plateau, partly in response to increased competition. The volume of production stabilizes and the product begins to show significant return on investment. Full course: https://www.udemy.com/4-strategies-for-product-and-service-management/?couponCode=PROMONOW
Views: 828 Sorin Dumitrascu
What is SERVICE LIFE? What does SERVICE LIFE mean? SERVICE LIFE meaning, definition & explanation
 
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What is SERVICE LIFE? What does SERVICE LIFE mean? SERVICE LIFE meaning - SERVICE LIFE definition - SERVICE LIFE explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. A product's service life is its period of use in service. It has been defined as "a product's total life in use from the point of sale to the point of discard" and distinguished from replacement life,"the period after which the initial purchaser returns to the shop for a replacement." Determining a product´s expected service life as part of business policy involves using tools and calculations from maintainability and reliability analysis. Service life represents a commitment made by the item's manufacturer and is usually specified as a median. It is the time that any manufactured item can be expected to be 'serviceable' or supported by its manufacturer. Service life is not to be confused with shelf life, which deals with storage time, or with technical life, which is the maximumn period during which it can physically function. It also differs from predicted life, or MTTF/MTBF (Mean Time to Failure/Mean Time Between Failures)/MFOP (maintenance-free operating period). Predicted life is useful such that a manufacturer may estimate, by hypothetical modeling and calculation, a general rule for which it will honor warranty claims, or planning for mission fulfillment. The difference between service life and predicted life is most clear when considering mission time and reliability in comparison to MTBF and service life. For example: A missile system can have a mission time of less than one minute, a service life of 20 years, active MTBF of 20 minutes, dormant MTBF of 50 years and a reliability of .999999. Consumers will have different expectations about service life and longevity based upon factors such as use, cost, and quality. Manufacturers will commit to very conservative service life, usually 2 to 5 years for most commercial and consumer products (for example computer peripherals and components). However, for large and expensive durable goods, the items are not consumable, and service lives and maintenance activity will factor large in the service life. Again, an airliner might have a mission time of 11 hours, a predicted active MTBF of 10,000 hours with maintenance (or 15,000 hours without maintenance), a reliability of .99999 and a service life of 40 years. The most common model for item lifetime is the bathtub curve, a plot of the varying failure rate as a function of time. During early life, the bathtub shows increased failures, usually witnessed during product development. The middle portion of the bathtub, or 'useful life', is a slightly inclined, nearly constant failure rate period where the consumer enjoys the benefit conferred by the product. As the time increases further, the curve reaches a period of increasing failures, modeling the product's wearout phase. For an individual product, the component parts may each have independent service lives, resulting in several bathtub curves. For instance, a tire will have a service life partitioning related to the tread and the casing. For maintainable items, those wear-out items that are determined by logistical analysis to be provisioned for sparing and replacement will assure a longer service life than manufactured items without such planning. A simple example is automotive tires - failure to plan for this wear out item would limit automotive service life to the extent of a single set of tires. An individual tire's life follows the bathtub curve, to boot. After installation, there is a not-small probability of failure which may be related to material or workmanship or even to the process for mounting the tire which may introduce some small damage....
Views: 377 The Audiopedia
Marketing Strategies during Product Life Cycle Stages
 
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This video discusses various marketing strategies to be applied as a product moves through various stages of its life cycle.
Views: 10446 Vihari S
Product and Service Design
 
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Provides introduction to product and service design. Includes, - design process from idea generation to actual production - legal, ethical & environmental issues - product life cycle - standardization - reliability - concurrent engineering - Kano model - service design
Views: 11436 Bharatendra Rai
The Atos digital cycle of life of a product
 
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Ever wondered how a product lifecycle evolves in the fully digital world? The Atos digital cycle of life of a product explains these five stages: design, production, maintenance, quality control, and sales and service. The digital twin of the product design, the production, and the customer interaction is at the heart of the solutions , thus vastly improving control and management of the complete production process.
Views: 546 Atos Deutschland
alnamic Product Lifecycle Services
 
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,,alnamic Product Lifecycle Services" - die ERP / IoT Lösung für Fertigungsunternehmen Das Besondere daran: Der komplette Wertschöpfungsprozess - von der ersten Idee, über die Fertigung bis zum After Sales Service - wird auf einer einheitlichen Plattform umgesetzt. Beteiligt sind mehrere modulare Lösungsbausteine, die eines gemeinsam haben: sie alle basieren auf den Technologien und Anwendungen von Microsoft. Im Fokus steht das ERP-System ,,Microsoft Dynamics AX", das je nach Bedarf um zusätzliche Komponenten ergänzt werden kann. Hierzu gehört beispielsweise auch die Product Lifecycle Management Lösung ,,Bluestar PLM", welche integriert in Dynamics AX die Brücke zu CAD- und Konstruktionssystemen schlägt. Über die Cloud-basierten ,,Microsoft Azure IoT Services" lassen sich zudem Anlagen, Maschinen und Endgeräte einbinden, um beispielsweise Betriebsdaten in Echtzeit zu verarbeiten. Als Komplettdienstleister übernimmt alnamic in den Projekten neben der Implementierung auch die strategische Beratung, Konzeption, Integration und auf Wunsch auch den Betrieb in der Cloud. Zielgruppe sind Automobilzulieferer, die High-Tech-Industrie sowie Maschinen- und Anlagebauer.
Views: 505 alnamic AG
The Product Life Cycle | Part III
 
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Help us learn more about your experience by completing this short survey: https://www.surveymonkey.com/r/RRKS8LZ Subscribe to Alanis Business Academy on YouTube for updates on the latest videos: https://www.youtube.com/alanisbusinessacademy?sub_confirmation=1 The product life cycle is a theoretical model showing the stages that products go through from creation to discontinuation. Although all products don't go through the product life cycle the same, the model does provide a general framework for how businesses should adapt their marketing mix to the stage the product occupies in the product life cycle. In the third video of a four part series, we'll explore how businesses can adapt their marketing mix to accommodate products that occupy the maturity stage of the product life cycle.
Product Life Cycle Explained
 
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In this video, we define the Product Life Cycle in detail and look at options to extend the profitable life of any product. We'll also look at an example of two products made by Apple. One of which was successful and the other flopped. Read more: https://goo.gl/RJXqNH
Views: 188 EPM
New-Product Development and Product Life-Cycle Strategies (Principles of Marketing) | Lecture 7
 
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New-Product Development and Product Life-Cycle Strategies (Principles of Marketing) | Lecture 7. Subscribe this channel to get more knowledge,Lectures,Presentations etc. Youtube: http://www.youtube.com/c/GetKnowledge?sub_confirmation=1 Facebook: https://www.facebook.com/g8knowledge Twitter: https://www.twitter.com/g8knowledge Instragram: https://www.instagram.com/knowledgeget Course Description: This course focuses on the needs of those who are preparing themselves for an exciting, rewarding, and enriching career in the field of marketing. The main aim is to provide students with issues and situations they can identify with while preparing themselves in gaining knowledge and insights in marketing. Much of the course work will be devoted to discussing these concepts with reference to practical examples and cases. A good balance between theory and practice will be maintained in presenting various concepts. Learning Outcomes: After the completion of this course students will be able to: 1. Understand and discuss the fundamental concepts of Marketing 2. Have a sound idea of the factors involved in marketing planning 3. Identify the roles carried out be different market players 4. Posses a theoretical awareness of basic marketing theories and models for decision making. New-Product Development and Product Life-Cycle Strategies. Topic Outcome: New-Product Development Strategy New-Product Development Process Managing New-Product Development Product Life-Cycle Strategies Additional Product and Service Considerations
Views: 4963 Get Knowledge
MyService360 Service Timeline: Get Deeper Insights into Your Product’s Life and Health
 
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This quick video will demonstrate how to access an end-to-end service history timeline of your Dell EMC products, so you can better understand your product's health and plan your digital transformation.
Views: 417 Dell EMC
How To Market New Products Or Services
 
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Okay, so I’m gonna be upfront with you. I really don’t read a lot of marketing books. Sure, I devoured all the classics. Still, for the life of me I couldn’t name the latest and greatest marketing and advertising book topping the best-seller list. But you’re a marketing Wizard, you say. How can this be? Oh, no! I’ve been exposed as a fraud. I dunno. Maybe it’s the non-conformist in me. More likely than not, it’s because I want to know the root of an idea’s origins. I want to know WHY something works. So I’ve developed my persuasive prowess by studying neurology, psychology, biology, and the arts. That’s probably how I stumbled upon a little-known research book titled, Diffusion of Innovations by Everette M. Rogers. It’s a book every Marketing Wizard should read. And it definitely ranks as a classic. Diffusion of Innovations: http://www.amazon.com/Diffusion-Innovations-5th-Everett-Rogers/dp/0743222091/ref=sr_1_1?s=books&ie=UTF8&qid=1408307729&sr=1-1&keywords=diffusion+of+innovations Now, don’t get your undies in a bunch about the “innovations” part of the title. Yes, when Roger’s speaks of innovations, he’s referring to new products or services being introduced to the marketplace. But, the concepts found in his book provides any Marketing Wizard with a rock-solid blueprint for persuading customers to buy from you—even if what you’re selling has been around longer than Jerry Lewis. Is he still alive? Just look at all the dog-eared pages and highlights I made. Lots of good marketing mojo in this book for sure. Like this: “In developing a favorable or unfavorable attitude toward an innovation, an individual may mentally apply the new idea to his or her present or anticipated future situation before deciding whether or not to try it,” says Rogers. “This vicarious trial involves the ability to think hypothetically and counterfactually and to project into the future: What if I adopt this innovation? Forward planning is involved at the persuasion stage.” Helping your customers to imagine doing the thing that you want them to do. That’s what Rogers is talking about here. And that’s what you’re trying to make happen with your marketing as well. So let’s get knee deep into the five factors that influence the spread of new ideas and lead to widespread adoption: Number One: Relative Advantage - the degree to which an innovation is perceived to be better than the product or service it supersedes. Naturally, the greater the perceived relative advantage of an innovation, the more rapid its rate of adoption will be. Your goal here is to frame the buying conversation to favor you. Since we know that customers naturally contrast and compare the differences among their available options, you must make an apples-to-oranges comparison—rising above the competition to become the obvious choice. Now, logical, reason why marketing is important … but don’t forget to speak to your customer’s emotions. Tap into an emotional benefit that drives your customer’s desire—one that your customer is willing to pay for. Marketing and advertising that speaks to a dominant, driving emotion is much more powerful and persuasive than copy that makes a logical argument alone. Number Two: Compatibility - the degree to which an innovation is perceived to be consistent with existing values, past experiences and the needs of potential adopters. Products and services that are deemed less compatible or incompatible with the norms of a social system will not be adopted as rapidly as those that are. Please don’t expect your customers to adopt a new belief system. You can’t please all. Remember, only weasel brands try’n snuggle up to every customer in the marketplace. So find a group of customers with a social system that your products and services are compatible with. Number Three: Complexity - the degree to which which an innovation is perceived to be difficult to understand and use. Simplicity is a better way to think about this. Marketers have known for awhile now that uncertainty is the costly side-effect of overwhelming your customers with too much choice. Generally speaking, the more options customers have at their fingertips, the more indecisive they’ll become. And complexity often creates the desire for simplicity. Watch today's episode to learn more about how to market new products and services. Thanks a bunch for watching Wizard Marketing TV! My YouTube channel: http://www.youtube.com/tomwanek Consulting on my website: http://www.tomwanek.com/consulting
Views: 19577 Tom Wanek
Customer Service Life Cycle
 
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Customer Service Life Cycle
Views: 4504 Den Adams
Product lifecycle management
 
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In industry, product lifecycle management (PLM) is the process of managing the entire lifecycle of a product from inception, through engineering design and manufacture, to service and disposal of manufactured products. PLM integrates people, data, processes and business systems and provides a product information backbone for companies and their extended enterprise. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 4389 Audiopedia
Product Engineering & Lifecycle Services
 
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As the pace of product engineering and lifecycle change accelerates and markets evolve, the opportunity for leading enterprises to outmaneuver their historic and new competition, seize new markets, and generate growth is now. Accenture’s Product Engineering & Lifecycle Services (PE&LS) offering video shows you how we can help your team. For more information, visit http://www.accenture.com/pels.
Views: 548 Accenture CMT
PTC - Product & Service Advantage
 
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As one of the world's largest and fastest-growing technology companies, PTC helps manufacturing leaders address the biggest business challenges they face today. Our solutions for Product Lifecycle Management (PLM), Computer Aided Design (CAD), Application Lifecycle Management (ALM), Supply Chain Management (SCM) and Service Lifecycle Management (SLM) let you aggregate, analyze, and deploy product information to drive the strategy and dynamic decision-making processes on which your success depends. Our solutions help you optimize the activities within individual functions of your organization, and aligned across your entire enterprise: from engineering to supply chain and manufacturing, and sales and service. Today, PTC works with more than 27,000 businesses around the world to help them design and service products in rapidly-evolving, globally distributed manufacturing industries, including industrial equipment, automotive, high tech and electronics, aerospace and defense, retail, consumer, and medical devices. By partnering with PTC, you can cultivate and exploit your best product ideas from concept and engineering through delivery and service. As our customers evolve, and their challenges increase in complexity, our goal is unchanged - to deliver technology solutions that help you achieve, and sustain, a product and service advantage. Learn more at http://www.ptc.com
Views: 9089 PTC
Product Lifecycle Management | PLM | SoftExpert
 
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SoftExpert PLM - https://www.softexpert.com/solucao/product-lifecycle-management-plm/ - is an affordable, easy-to-use, and web-based Product Lifecycle Management (PLM) software that allows companies to manage the entire lifecycle of a product efficiently and cost-effectively, from conception, design and manufacture, through service and disposal. SoftExpert PLM software can leverage data from across the enterprise to help managers make better decisions about product development, management, design, and production. It enhances the optimization of every step of the product lifecycle, creating higher quality products, launching new products The solution provides a complete data management system that allows users to assign all of the data necessary to describe design, manufacturing, purchasing, quality/test, and service aspects of product records. Product data can be defined by any product object (parts/components, documents, Bill of Material [BOM], machines/instruments, costs, characteristics, etc). SoftExpert PLM software manages all product revisions and provides a complete audit trail detailing all historical changes. With SoftExpert software for Product Lifecycle Management, companies can promote tight integration with their ERP system and CAD software, providing timely and transparent access to the most important product information (assemblies, parts, drawings, etc.), tracking engineering changes, and maintaining the appropriate relationships between the CAD design objects and the product structure. IT managers can take advantage of their current and future CAD tools without having to make sacrifices by committing to a single CAD system.
Views: 2008 SoftExpert Software
What Is The Service Life Cycle?
 
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Htm url? Q webcache. What is service life cycle management (slm)? Definition from the 5 stages of itil v3 lifecycle main concepts lynda. Itil service lifecycle processes and functions overlapping the what really is management (slm)? The it technet microsoft. Each lifecycle defines certain processes for effective service management. Components and phases of a service life cycle lynda thinking portfolioservice slideshare. Itil v3 service life cycle it management itilit what is lifecycle (slm)? Definition from lecture 8. Product & service life cycles definition, stages management what is the itil lifecycle? Connectsphere. The complete framework of itil is based on service lifecycle. Googleusercontent search. There are five stages in the itil v3 service join mark thomas for an depth discussion this video main concepts of life cycle, part cert prep foundations core components to or cycle owning management. What is 'service lifecycle management'? How it different from service management (slm) defined youtube. The product or service life cycle is determined by how long it marketable management (slm) refers to a strategy that supports organizations and helps them recognize their gross income potential. You see right here is what we call the itil core. Service life cycle management (slm)? Definition from service lifecycle tutorialspoint. We call those by phase 23 jan 2017 a service organization will have to handle life cycle as opposed product. This is done 23 dec 2011 itil v3 takes a lifecycle approach to providing best practice guidance for it service management. Service lifecycle helps to amplify the service management approach and achieve better understanding of its structure product life cycle is a process used identify stage in which or encountering at that time. Its four stages introduction, growth, maturity, and decline each describe what the product or service is incurring at that time itil management supports this transformation through use of strategy sits core lifecycle focuses on 18 jan 2007 just as businesses go stages, so do products services. What does the management of a service life through use lifecycle, itil ensures all services offered should enable business transformation and growth 5 jan 2016 stages cycle maturity decline stage introductory new or form current lifecycle get big picture how processes functions underpin throughout 29 sep 2009 concept management, slm, has been around for some time now; However, tools to actually make it happen are 25 apr 2008 describes an service, from planning optimizing align with strategy, 17 defines as set specialized organizational v3 related material copywrite by office 18 jul read definition (slm), strategy associated software managing servicing products lifecycleteaching assistant raghav gautammay 6, 2010image courtesy plm is responsible (lifecycle) product that still under manufacturing. Which includes stages right from its concept to design 4 sep 2012 Service life cycle management (slm)? Definition service lifecycle tutorialspoint. Product service life cycle entrepreneurship. Service life cycle management (slm)? Definition from service lifecycle tutorialspoint itil service_lifecycle.
Views: 172 new sparky
Embarking upon a Product Lifecycle Management Transformation Journey
 
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PLM has now transformed to a portfolio of business solutions that span from ideation to in-service management. PLM Consulting services coupled with implementation and support services are vital in selection of a credible PLM Partner. http://on.tcs.com/PLM-Solutions
Views: 538 TCSGlobal
Product Life Cycle
 
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Subject: Home Science Paper: Management of food service
Views: 23 Vidya-mitra
4 Strategies for Product and Service Management - Effective Product and Service Management
 
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Full course: https://www.udemy.com/4-strategies-for-product-and-service-management/?couponCode=PROMONOW Congratulations Congratulations! You just finished the Product and Service Management course! Product and Service Management Product and service management is the process of designing, creating, and maintaining a product or service through all stages of its lifecycle from the conception of a new product or service idea, to its design and launch, and later through its growth, maturity, and decline stages. This course provided a broad overview of the product and service management functions from an operations management perspective. More specifically, it walked you through the phases of product life-cycle and stages of new product development. This course also introduced some examples of strategies for managing existing and mature products and services. The Instructor My name is Sorin and I was your instructor. I worked for the last 10 years as a manager and trainer, in the public and private sector, and I shared with you what I have learned Learning Objectives After completing this course, you are now able to: understand the phases of the product life cycle and actions that should be taken at each phase, sequence the stages of the new product development process, make use of best practices in new product development, and employ strategies to manage existing and mature products and services. Thank You! So, don’t forget to leave a review and revisit for updates. Thank you for taking this course! And, see you in the next one. Full course: https://www.udemy.com/4-strategies-for-product-and-service-management/?couponCode=PROMONOW
Views: 269 Sorin Dumitrascu
Product & Services Concepts
 
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Marketing lecture on product & services concepts for ABUS 260 Marketing Practices.
Views: 2472 Melissa Brown
02-4/5: Product/Service Orientation
 
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Open vs closed innovation; Chapters: 00:00 - Groups presentations; 06:00 - Product/service orientation; 07:45 - Product life cycle; 09:30 - Strategies of service design; 10:15 - Designing a PSS; 11:45 - Jakob on PSS; 20:30 - Exercise;
Views: 233 DTUdk
Topic 7 Intro: Marketing Strategy Across the Product Life Cycle
 
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Depending on the stage of the product life cycle you are in - Introduction, Growth, Maturity, or Decline - you may want to utilize different marketing strategies
Views: 1857 Melissa Bublitz
Product, Services and Branding Strategies
 
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Views: 206 Only Youtubing
Improving Customer Life Cycle Management with Big Data and IoT
 
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Every day the world gets more competitive --- barriers to entry are low in many industries and with the prevalence of the internet, customers have more options on where to purchase a product or service than ever. To remain competitive companies need to not only provide a product or service but also ensure each customer is given a relevant and personalized experience. Big Data and IoT data can help companies do this! This video shows real world use cases of how companies can use IoT and Big Data to improve the customer experience but also to increase revenues. For more information about how Entrigna can help you with a custom IoT solution, please visit our website at https://entrigna.com or e-mail us at [email protected]
Views: 363 Entrigna
Service lifecycle management (SLM) - defined
 
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Service lifecycle management (SLM) is defined as a holistic approach which helps service organizations better understand the revenue potential by looking at service opportunities proactively as a lifecycle rather than a single event or series of discrete events, combining all service-based operations into a single, albeit complex, set of workflows and connected business processes. reference: http://en.wikipedia.org/wiki/Service_lifecycle_management Created at http://www.b2bwhiteboard.com
Views: 1610 B2Bwhiteboard
Product Lifecycle Management
 
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The principal role of Product Lifecycle Management (PLM) is to manage a product's definition from concept to retirement. To be effective, PLM solutions must completely define all aspects of the product's Bill of Materials (BOM) -- including mechanical and electrical design files (MCAD, ECAD), software, documentation, and service information. PLM enables the definition and synchronization of cross-functional views of the BOM: engineering (eBOM), manufacturing (mBOM), and service (sBOM). Directly, PLM offers significant value to a company, but PLM also enhances other enterprise systems (ERP, CRM) by enabling the sharing of product information throughout the organization.
Views: 907 Misty Rains
Jobs To Be Done -- Product Lifecycle Jobs surround all products
 
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As an innovator, you’re always searching for important customer jobs that are not being done well because these can be lucrative demand creation opportunities. One area of opportunity often overlooked is product lifecycle jobs. More often than not, customers are dissatisfied with their ability to get these important jobs done — and there’re a lot of them! These jobs surround the use of any product, which is why they’re not always obvious. But make no mistake, product lifecycle jobs can be low-hanging fruit for innovators. We all buy products to help us execute jobs. A product can be physical thing like a mattress or a refrigerator or a non-physical thing like software or digital content that is purchased and downloaded. Recall that products are most often hired to execute some part of a job. They are usually combined with other products, services, and resources to create a self-service job solution. We don’t just obtain and use a product, we may also have to install it, learn how to use it, move, store, maintain, upgrade, and dispose of the product as well. These are called lifecycle jobs because they are the jobs that arise around using a product through its stages of use and life. Say for example you hire a new laptop computer to execute numerous workflow jobs. You may have to transfer software and files from an older computer. You may have to learn how to use the computer since it may be very different from your previous laptop. You may have to move, store, maintain, upgrade and finally recycle the computer when it no longer meets your needs. Helping customers get lifecycle jobs done better is an easy and effective way to quickly lift the perceived value of an existing service. Take for example a retailer of mattresses and/or refrigerators. The retailer sells these products, but can also deliver and install the new products for customers. The retailer can also remove and dispose of old products that are being replaced. While there are many retailers of mattresses and refrigerators, customers will prefer retailers who help them get these important lifecycle jobs done. From the customer’s perspective, such retailers are more valuable. Lifecycle jobs are defined in the specific context of the product it is tied to. For instance, the lifecycle job “upgrade” in the laptop example could be defined as — “upgrade the memory on a laptop computer” or “upgrade the hard drive on a computer,” and so on. Defining this job as simply “upgrade a computer” or worse “upgrade a device” would not work because “computer” and “device” are ambiguous objects of action. Consequently, the job map that unfolds the steps of this job action would be too abstract for innovation purposes. For this reason, lifecycle jobs cannot be defined absent solution context, as it the case with other jobs. Because they orbit a specific product, lifecycle jobs must be defined relative to that product and defined in a way that is actionable. That said, remember not to specify a particular solution for getting a lifecycle job done in your definition. For instance, you wouldn’t want to use a definition like — upgrade the memory on a laptop computer at ACE computer shop. Services, from the customers’ perspective, do not have lifecycle jobs. They do not need to be moved, stored, maintained, upgraded or disposed of. Although many Internet-based services require the download and installation of an app, this is part of the service workflow and is therefore not a lifecycle job. Likewise, learning how to use a service is not a lifecycle job because service “usability” is a function of how well the service interface is designed in terms of structuring the service workflow. This can be augmented by integrating user groups, blogs and other support in the form of tips and usage advice directly on the workflow path. Services integrate many products and other resources into what we call the service-process engine. The integration of all these resources is what gives a service the capabilities to get customer jobs done. But these products are owned and/or operated by the service provider. Therefore, it is the responsibility of service providers to execute these product lifecycle jobs, not the customers of the service. Lifecycle jobs are very important to individuals and service providers. As such, they have a significant influence on the products they choose for themselves and their businesses. That’s because getting lifecycle jobs done well increases the benefits of using a product. On the other hand, when lifecycle jobs cannot be done well for a particular product, the time, effort, and cost of using that product increases. This, in turn, decreases the value of the product. As innovators, we want to be on the lookout for unsatisfied lifecycle jobs because these represent big opportunities.
Views: 85 INNODYN
Chapter 5 part 1   Product and Service design
 
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In this video, the design of goods and services is covered. The presenter Eric Bakama introduces to the students the steps in products and services design. Although this is an introductory chapter on goods and services design and it does not go in depth on the topic, it does, however, points out some issues to be considered for the design process.
Views: 3773 Charles Sambil

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