A Study on “Technology Life Cycle in Business and its Management”

Abstract

In Technology there are many life cycles from various aspects and classified into different categories. Product life cycle is simple and basic life cycle for any product. This is the base for development of many other life cycles. But in literature different life cycles like Product life cycle, Technology life cycleand Industry lifecycles are often considered as interchangeable concepts though it is inappropriate. So, this paper enlightens the differences between these concepts. This study tries to understand some theoretical insight of Technology life cycle. This Study also focuses on different steps for effective technology Life cycle in Business and its Management. This research paper acts as a unique source for technology life cycle and management.