How Strategic Planning Help Organizations Manage Product Life Cycle?

Business Finance

This is a forum question between students that needs a reply to with at least 180 words. I would like for you to use your own words. If not please cite-in-text with reference

Class, The purpose of this discussion thread was to examine how strategic planning is connected to product life cycle. You are on target when you mention alternatives. As your peers have mentioned, research innovation, marketing, and even knowing when to discontinue a product are all connected to strategy.

Class, any last thoughts on how strategic planning can help an organization manage product life cycle?