The Four Phases of The Technology Life-cycle
The TLC may be seen as composed of four phases:
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- (a) the research and development (R&D) phase (sometimes called the "bleeding edge") when incomes from inputs are negative and where the prospects of failure are high
- (b) the ascent phase when out-of-pocket costs have been recovered and the technology begins to gather strength by going beyond some Point A on the TLC (sometimes called the "leading edge")
- (c) the maturity phase when gain is high and stable, the region, going into saturation, marked by M, and
- (d) the decline (or decay phase), after a Point D, of reducing fortunes and utility of the technology.
Read more about this topic: Technology Life Cycle
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