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 mechanism by which new production units replace outdated ones.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.
This type of habitat destruction is called fragmentation. Fragmentation is when the habitat is broken up into pieces or fragments. A road could cut the area of the habitat in half and cause the species a lack of options in which to mate with. This type of destruction can also cause a lack of resources for food.