What is a good response to the Information below?

Opinion.....

A company can use this life cycle to strategically re-introduce previously popularized fashions and designs with minor changes so that the majority of population remembers his/her cherished childhood memories. This involves less investment in R&D and creates a long-lasting relationship with the customers. We can take example of apparels, whose designs are slightly tweaked to give a new look and introduced in the market. Also, old songs which are re-sung by new singers and re-recorded with slight changes to give a new touch to a memorable song. This helps revive old memories and elder generation truly enjoys the experience as it touches their inner childhood memories. In addition to this, the young generation is very welcoming to trends and supports trend generation. Therefore, they too would be interested in such renewals.

A company can be positively affected by trends within the life cycle by adjusting early or in advance to the trends based on forecasts made by experts in the respective fields. Also, they may be able to cash-in on the brand-loyalty factor which exists in the older generation.

On the other hand, innovative methods must be used to lure the younger generation. Also, the changes in the trend are faster than before, thus a company has to be more agile to ensure customer satisfaction.

Lastly, use examples to show how a company can avoid negative declines and create a sutainble life cycle.

A company my implement "lean". Lean management is a method of removal of wasteful activities from processes in order to improve productivity and overall throughput, reduce costs, defects, time and raw material. Wastes are of seven types - Transportation, Inventory, Motion, Waiting, over-production, over-processing and defects. This will improve the internal capabilities of the organization while providing necessary agility to the system. Thus, the company can equip itself to avoid any economical slow down and create a sutainble life cycle ensuring profitability and business growth even in the most adverse conditions.