It is common for financial advisors to counsel individuals to invest in the stock market while young, but to shift assets into less volatile investments progressively over time until, by retirement, one has a low-risk fund that generates predictable income. This is called the "lifecycle investments strategy." Let's discuss if and how a lifecycle investment strategy makes sense for a large publicly traded corporation. Consider these three aspects of strategic management as a portfolio problem. Is there a lifecycle consideration in ... (a) building professional teams? (b) in branded product markets? (c) in managing intellectual property?