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Technology Life Cycle - Boundless Open Textbook

Technology Life Cycle - Boundless Open Textbook | Aspect 2 | Scoop.it
The technology life cycle illustrates the way technological developments of products create commercial gain over a particular time. Read more about technology life cycle in the Boundless open textbook.
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Chris Woodhead's comment, March 16, 2014 7:52 PM
The second stage of life cycle for technology is sales. Businesses need to capitalize on this new and better technology and market it well in order to make as much money as possible. This second stage is really when the business makes its money. The growth of the invention is measured in this stage.
Chris Woodhead's comment, March 16, 2014 7:54 PM
The third stage is when the public makes this product "normal". Competitors begin to use this same technology and the original business begins to lose sales due to competition. This makes the technology wide spread and used by the general public.
Chris Woodhead's comment, March 16, 2014 7:56 PM
The final stage is the decline of the technology. Either new technology replaces it or it is see as unnecessary. Many items are not replaced but rather outdated and this allows for the profit margins to fall and for the technology to become ancient.
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Topic: Life Cycle Considerations

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Chris Woodhead's comment, March 16, 2014 8:05 PM
Logistics is essentially the planning of how and where to store the technology or parts. Where to place the item to allow for cheapest costs is incredibly important to companies. Viewing the logistics and having a good plan can save a company millions or dollars and allow for a more efficient delivery system. This allows for a happier costumer count and a happier business with more money in its pockets.
Chris Woodhead's comment, March 16, 2014 8:07 PM
Design for disposal has many factors within itself. A company is not only trying to make an item in the cleanest possible way, but also allow for an item that can be recycled in the cleanest possible way. If a company can create an item cleanly and its disposed easily then it has done its job.
Chris Woodhead's comment, March 16, 2014 8:09 PM
Many companies will try and limit the total life cycle of a technology. This allows for more income in the long run. A new technology will be bought quickly and when it is replaced again by the same company, more money can flow in. Creating a disposable technology will allow a company to continue to grow and also grow the demand for their products