A generic lifecycle of products. In industry, product lifecycle management (PLM) is the process of managing the entire lifecycle of a product from inception, through engineering design and manufacture, to service and disposal of manufactured products.
Creative destruction refers to the incessant product and process innovation. mechanism by which new production units replace outdated ones. This. restructuring process permeates major aspects of macroeconomic performance, not only long-run growth but also economic fluctuations, structural adjustment. and the functioning of factor markets.
By Laura Klappenbach. Habitat destruction is the process by which natural habitat is damaged or destroyed to such an extent that it no longer is capable of supporting the species and ecological communities that naturally occur there.It often results in the extinction of species and, as a result, the loss of boidiversity.y Laura Klappenbach. Habitat destruction is the process by which natural habitat is damaged or destroyed to such an extent that it no longer is capable of supporting the species and ecological communities that naturally occur there.