Preview

Project Report on Product Life Cycle

Powerful Essays
Open Document
Open Document
3999 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Project Report on Product Life Cycle
Project report on product life cycle (PLC) ON FOSTER’S OF

Under the guidance of: Prepared By:
Mr. Shibashish Chakraborty Avisek Dey Faculty Guide- IBS Kolkata ACKNOWLEDGEMENT

This report has been made possible through direct and indirect support of various people for whom i wish to express my appreciation and gratitude. Nothing in this World can be achieved without proper coordination. Every work, be it of marketing, finance, production or successful launching of a product is the result of teamwork. This project could not have seen the light of the day without the coordination of Mr. Shibashish Chakraborty, our faculty guide and Mr. Mohit Arora, Area Sales manager, SABMiller (Kolkata). I would like to express my special thanks and gratitude for guiding me in my research project. Without his overall guidance and help, the project may not have been completed.

Avisek Dey

Table of contents

1) ACKNOWLEDGEMENT 2) MISSION AND VISION 3) INTRODUCTION 4) COMPANY HISTORY 5) BUSINESS LINES 6) PRODUCT DETAILS 7) LIFE CYCLE OF A PRODUCT
a. Introduction
b. Growth
c. Maturity
d. Decline 8) SWOT ANALYSIS OF THE PRODUCT 9) RECOMMENDATION 10) BIBLIOGRAPHY

MISSION, VISION AND VALUES OF SABMiller: SABMiller authority is very much committed to make it a responsible company because it makes sense. It 's not about being altruistic for its own sake, it 's about understanding how behaving responsibly has a positive impact on profitability and on



Bibliography: Websites:- 1) www.wikipedia.org 2) www.sabmiller.in Books:- 1) Marketing Management ( kotler & Keller )

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Directions: Identify a sports product and describe its progression through the product life cycle. You might want to refer to the Gatorade example in the notes. You will probably need to do some research on your product to answer the questions. Type your answers.…

    • 374 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Realy Health is a company that has operated in the Health Care environment for several years. This organization has developed a platform whereby patients are able to communicate with their doctors on-line for consultations. (https://www.relayhealth.com/default.aspx). The adoption of this service has been slowly growing for many years but has not received widespread acceptance in the marketplace by physician groups although there are many benefits that can be discerned from the platform for patients, or employers who might employees who have doctors who are on such a platform. And, insurers such as Blue Cross and Cigna have also begun to accept that on-line visits are acceptable and are moving increasingly to reimbursing this approach. In spite of this growing trend less than 3% of the family physicians in the American Academy of Family practice report doing e-visits.(1)…

    • 519 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Essay On Microbial Keratitis

    • 2802 Words
    • 12 Pages

    We would like to acknowledge the help and support of the following people and organisations:…

    • 2802 Words
    • 12 Pages
    Satisfactory Essays
  • Good Essays

    Life Cycle Analysis

    • 756 Words
    • 4 Pages

    non-government organization (NGO) web sites on the more generic aspects of a given class of products ' ecological and social impacts…

    • 756 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Product Life Cycle

    • 539 Words
    • 3 Pages

    What is the Product Life Cycle? Why the Product Life Cycle is a concept closely related situation analysis and the marketing mix?…

    • 539 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Bibliography: Keller, Kevin, and Philip Kotler (2008) Marketing Management (13th Edition) Alexandria, VA: Prentice Hall, Print.…

    • 1606 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Product Life Cycle

    • 3606 Words
    • 15 Pages

    (Compiled by Deep Banerjee, Marketingpundit.com) Product Life Cycle (PLC) is based upon the biological life cycle. For example, a seed is planted (introduction); it begins to sprout (growth); it shoots out leaves and puts down roots as it becomes an adult (maturity); after a long period as an adult the plant begins to shrink and die out (decline). The conditions under which a product is sold will also change over time. The Product Life Cycle refers to the succession of stages a product goes through. Product Life Cycle Management is the succession of strategies used by management as a product goes through its life cycle After a period of development, a product: - which is introduced or launched into the market gains more and more customers as it grows; - eventually the market stabilizes and the product becomes mature; - then after a period of time the product is overtaken by development and - with the introduction of superior competitors, it goes into decline and is eventually withdrawn. However, most products fail in the introduction phase. Others have very cyclical maturity phases where declines see the product promoted to regain customers.…

    • 3606 Words
    • 15 Pages
    Good Essays
  • Best Essays

    Product Life Cycle

    • 2046 Words
    • 9 Pages

    Products play an essential part in our lives. Products are divided by their tangible and intangible attributes which is offered by the wholesaler to end consumers (Business dictionary). Throughout our lives, products play a key role in satisfying not only the needs and but also the desires of consumers. Today, we are living in a world that has a wide variety of products ranging from the basic needs of life such as food, clothes and household appliances to luxury items such as Smartphone and tablets. The existence of products is not only to satisfy the needs and desires but also to satisfy the demands of consumers or customers. Products have a huge role to play in generating profit for any business-oriented organization. This is because a product greatly contributes to the revenue of the business organization. In addition, a product also helps create long term relationships between an organization and its customers because once the customers are genuinely satisfied with the product, they may be loyal to that particular brand of the product and continue to patronize it again in the future. Just like a human being, every product on the market has to go through a life cycle and the length of each product’s life cycle is different from one another (Kerin, Hartley & Rudelius, 2009) .For instance, consumer products such as facial cleansers have shorter life cycles compared to business products like fax and copy machines. The period of time a product remains competitive in the market illustrates the product life cycle. The product life cycle (PLC) is one of the most familiar concepts in marketing and is defined as a concept that provides a way to trace the stages of a product’s acceptance in the market from the introduction of the product to the declination of the product. A product progresses through four major stages which are introduction, growth, maturity and decline (Lamb, Hair, McDaniel, Summers & Gardiner, 2009).…

    • 2046 Words
    • 9 Pages
    Best Essays
  • Powerful Essays

    Product Life Cycle

    • 1938 Words
    • 8 Pages

    * Promotion is aimed at innovators and early adopters. Marketing communications seeks to build product awareness and to educate potential consumers about the product.…

    • 1938 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Product Life Cycle Theory

    • 5593 Words
    • 23 Pages

    The product life cycle theory is used to comprehend and analyze various maturity stages of products and industries. Product innovation and diffusion influence long-term patterns of international trade. This term product life cycle was used for the first time in 1965, by Theodore Levitt in an Harvard Business Review article: "Exploit the Product Life Cycle".…

    • 5593 Words
    • 23 Pages
    Powerful Essays
  • Good Essays

    Product Life Cycle Theory

    • 1285 Words
    • 6 Pages

    Improvement of a theory is on the improvement of the assumption. H-O theory is still a comparative statistical international trade which almost all variable is considered as exogenous or fixed (the changing is specified outside the model). It made there is a tendency that discussing international trade is just talked around assumption. In reality a lot of variable in H-O theory had changed in endogenous model, so it cannot be generally applied. It can only represent trading between labor-rich country and capital-rich country which only 40% of international trading volume. Further this theory weakness gives the opportunity of emergence of new international trade that can also represent another 60% of international trade in developed country, which is PLC theory. The new theory uses dynamic variable as driving motives of international trade and also can explains about the background of emergence the multinational corporation.…

    • 1285 Words
    • 6 Pages
    Good Essays
  • Good Essays

    The Product Life Cycle

    • 415 Words
    • 2 Pages

    A product life cycle is comprised if the combined demand over an extended period of time for all brands including a product category. A product life cycle is composed of four different stages each with its own properties and characteristics. The four stages that compose the cycle are introduction, growth, maturity and decline.…

    • 415 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Fujun Wang has worked on the research and development of collaborative design for 10 years. He is now working as a system engineer at the Shared Service Group, the Boeing company. Before joining Boeing, he had worked as a guest researcher for 4 years at the Manufacturing Systems Integration Division, National Institute of Standards and Technology. Dr Wang had worked at the Automation and Robotics Research Institute, University of Texas at Arlington, and the Key Center of Design Computing, University of Sydney, Australia during 1998 to 2000. Dr Wang received his PhD from the Beijing University of Aeronautics and Astronautics, China, in 1997.…

    • 7216 Words
    • 29 Pages
    Powerful Essays
  • Satisfactory Essays

    Product Life-Cycle Model

    • 567 Words
    • 3 Pages

    The product can be defined as goods, services or both; in the other words it's anything that satisfies customer need. Each product has its own limited life, however it shares the same aspect and we define the period that the product goes through as the "Product life cycle".…

    • 567 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    The PLC concept is very useful to marketers and brand managers for many reasons. First of all, the concept establishes that products follow a life cycle that starts when they are launched, from there they will grow and will, one day, die. However, the most important advantage of this model is that it divides the life of a product in several stages with different characteristics, mostly based on the sales level and growth: introduction, growth, maturity and decline.…

    • 1552 Words
    • 7 Pages
    Better Essays

Related Topics