Preview

Op – Art Fashion and the Product Life Cycle

Good Essays
Open Document
Open Document
1254 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Op – Art Fashion and the Product Life Cycle
Topic:
Op – art fashion and the product life cycle

All products possess ‘life cycles.’ A product 's life cycle, abbreviated PLC, consists of a series of stages, beginning with its introduction to the market and ending with its decline and eventual withdrawal from the market. As a product progresses through its life cycle, its sales and profitability change as it faces changing environmental pressures. Knowledge of the product’s life cycle can provide valuable insights into ways the product can be managed to enhance sales and profitability.
Products tend to go through different stages, each stage being affected by different competitive conditions. These stages require different marketing strategies at different times if sales and profits are to be efficiently realized. The length of a product’s life cycle is in no way a fixed period of time. It can last from weeks to years, depending on the type of product. In most texts, the discussion of the product life cycle portrays the sales history of a typical product as following an shaped curve. The curve is divided into four stages: introduction, growth, maturity, and decline.
I would like to use op-art fashioning 1960s to introduce the product life cycle. As Op Art and the artists at the movement’s forefront gained recognition; the youth culture explosion of the sixties was gaining momentum. Mod bands such as The Who crossed over to the U.S. and everyone wanted a piece of The London Look. The mod style, which was already waning in the U.K., reached the other side of the Atlantic at around the same time as the 1965 exhibition The Responsive Eye in New York, which showcased the work of Bridget Riley and Victor Vasarely. Suddenly Op Art patterns started appearing on everything from clothes to advertisements, stationery, furnishing fabrics and that useful garment peculiar to the 1960s: the paper dress.
This would be the “product development” stage of the fashion industry and the “introduction stage” of the

You May Also Find These Documents Helpful

  • Better Essays

    MKT 650

    • 4716 Words
    • 19 Pages

    As the text book says, “The product life cycle is concerned with the sales history of a product class which holds that a product’s sales change over time in a predictable way and that products go through a series of five distinct stages: introduction, growth, shakeout, maturity, and decline”(Mullins & Walker, 2010, p271). Each of these stages has opportunities and threats for the firm, and they can affect the strategy of the company. Thereby, the product life cycle is an important way for managers to make decisions in the future.…

    • 4716 Words
    • 19 Pages
    Better Essays
  • Good Essays

    The product life cycle involves the product of a business advancing through four different stages: introduction, growth, maturity and decline. Any product regardless what it is will eventually decline and die out. It may be due to societies change of perception, level of demand or because it is not contemporary enough.…

    • 1069 Words
    • 5 Pages
    Good Essays
  • Better Essays

    CopelandR MKTG600 MidTerm

    • 966 Words
    • 4 Pages

    Products go through a cycle which phases goes from introduction to decline. This pattern is based on a lot of factors to include the current marketing situation which could greatly impact the product. The following stages are:…

    • 966 Words
    • 4 Pages
    Better Essays
  • Good Essays

    The changing dynamics of the fashion industry since then, such as the fading of mass production, increase in number of fashion seasons, and modified structural characteristics in the supply chain have forced retailers to desire low cost and flexibility in design, quality, delivery and speed to market (Doyle, Moore, and Morgan 2006).…

    • 547 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    All products have a lifecycle. They begin as an idea that needs Research and Development (R&D) or time to develop. This is a direct cost to the company. Once the product and/or service is ready to be marketed, it goes through five stages: development, introduction, growth, maturity, and decline.…

    • 1196 Words
    • 5 Pages
    Satisfactory Essays
  • Best Essays

    The fashion industry, at its core, is based on the notion of continual consumption of the ‘new’ and the discard of the ‘old’, especially with new seasonal lines coming out every 3 months. The industry celebrates creativity with the continuous turnover of trends, leading to the “premature product replacement and fashion obsolescence”. This constant change has major negative environmental and social impacts, particularly on those at the bottom of the supply chain. (Allwood et al, 2006; Hethorn and Ulasewicz, 2008) Moreover, delocalised production, often all over the world, is commonly practiced in line with the…

    • 4833 Words
    • 20 Pages
    Best Essays
  • Satisfactory Essays

    Dunkin Donuts

    • 255 Words
    • 2 Pages

    From my studies it has been provine that the product life cycle is a great marketing concept that focus on the revenues from the sales of a product. The product life cycle is drawn like a bell curve. The life cycle is divided into four stages they are introduction, growth, maturity, and decline. Introduction-It takes time of a new product to begin selling in volume. There may be manufacturing or logistics issues to contend with. The marketplace may be unfamiliar with th product and creating awareness takes time. Consequently product sales show a slow growth during the introduction phase. Growth- The growth space is characterized by a rapid increase in sales volume. This is created by increased product demand when customers are buying. Manufacturing and logistics issues are likely resolved and the market is far more aware of the product. Maturity-The maturity phase is established by sales volumes leveling off. At this point competition is strong and margins may begin to suffer. Signs of getting to this stage are that competitors may start advertising more strongly or using other promotional means to increase sales. Decline-Is when a product sales begin to decrease and it is at this point that some serious marketing decisions need to be made. It is sometimes possible to extend the life of a product by changing some of its product attributes, repositioning it or by packaging it with other…

    • 255 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The world of fashion is something that has tremendously evolved through the decades. There has especially been a huge growth in the study field of fashion. Two of the most in demand careers are fashion merchandise and fashion design and although both careers deal with the same subject and have some similarities, they also have many differences. Both occupations have a common background with some minor changes in detail; they also differ in career choices offered by the industry, and most importantly each profession requires a different degree.…

    • 806 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    INTRODUCTION OF A STYLE – New styles are introduced by Firms or Designers, its showcased in Fashion shows & publicized by celebrities…

    • 296 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Hello! Today I’m going to make a speech on the fashion in the 1960’s. Well, let’s get right to it! Now, there is a common idea of the fashion in the 1960s. Most people thought it was just “hippies” and “bell-bottoms”. Not me. In fact that was one of the reasons I chose fashion in the 60’s. But in reality, the fashion in the 60’s was nothing like that.…

    • 525 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The product’s life cycle - period usually consists of five major steps or phases:Product development, Product introduction, Product growth, Product maturity andfinally Product decline. These phases exist and are applicable to all products or services from a certain make of automobile to a multimillion-dollar lithography tool to a one-cent capacitor. These phases can be split up into smaller ones depending on the product and must be considered when a new product is to be introduced into a market since they dictate the product’s sales performance.…

    • 1514 Words
    • 7 Pages
    Good Essays
  • Good Essays

    There are many things to be considered when marketing a product. These things include: length of existence time, quantity of competitors, and the quantity “of sales or revenue the product is generating” (p264). These are ways the marketer can obtain factually information on the product. After understanding the information the marketer can then look at the product life cycle. The product life cycle is the different “stages a product goes through as it exists in the market from its first introduction to its final withdrawal” (p 264). This life cycle has four stages: introduction, growth, maturity, and the decline.…

    • 574 Words
    • 3 Pages
    Good Essays
  • Good Essays

    fashion design

    • 799 Words
    • 3 Pages

    Ever wonder what Yves Saint Laurent, Donna Karen and Giorgio Armani do all the time? Work! Fashion is fun creative unique and a very complex process. There is so much misconception deliberate and inadvertent misinformation and ignorance surrounding the fashion world that it is difficult to get a clear, unbiased picture of how it really works? Therefore, for a better understanding of the subject…

    • 799 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Product Life Cycle

    • 535 Words
    • 3 Pages

    Product Life cycle is the process through which products pass through several stages of development in its life from introduction to decline.…

    • 535 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Case Study Vocab

    • 933 Words
    • 5 Pages

    9. Product life cycle- the pattern of sale recorded by a product from launch to withdrawal from the market…

    • 933 Words
    • 5 Pages
    Better Essays