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 mechanism by which new production units replace outdated ones.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.
Threes inhibit the creative drive that seeks expression. Number 3 departure from the Number 2 - the source of balance and harmony, and so it's always looking to find this balance in creating something new. There is an urge in self-expression and variety.