Question1 Product lifecycle management does not refer to any individual computer software or technique. It is a tool that enables the companies to collect data about the products, evaluate and steer the processes and the overall strategy of the company in the best interest of its stakeholders taking based on the nature of its products, the market and the market share. (Sääksvuori & Immonen, 2011) The product lifecycle, similar to the industry lifecycle concept lays emphasis on the total life…
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