Maturity & Decline Stages
Maximizing value in mature markets and managing product decline
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Section 4 of 5Managing Late-Stage Products
Most products eventually reach maturity where growth slows, and some enter decline as markets evolve. These stages require different strategies focused on profitability, efficiency, and strategic decisions about the product's future.
ποΈ Maturity Stage
Characteristics: Sales peak, intense competition, market saturation
Goal: Defend market share and maximize profitability
Focus: Efficiency, differentiation, customer retention
Investment: Moderate, focus on ROI
π Decline Stage
Characteristics: Falling sales, shrinking market, substitute products
Goal: Harvest profits or exit gracefully
Focus: Cost reduction, niche focus, or discontinuation
Investment: Minimal or zero, manage decline
Compare Lifecycle Stages
Use the slider to compare characteristics and strategies across stages:
Maturity Stage Strategy
Strategic Focus: Defend Market Share & Maximize Profit
Key Tactics
- β’ Feature parity with competitors
- β’ Cost optimization and efficiency
- β’ Customer retention programs
- β’ Market segmentation refinement
- β’ Product line extensions
Pricing
Competitive pricing, promotions
Distribution
Intensive distribution, maximize availability
Marketing
Differentiation focus, loyalty programs
Decline Response Strategy
Choose the best strategy for each declining product scenario:
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Key Takeaways
- β’Maturity stage requires defending position while maximizing profitability
- β’Decline is inevitable for most productsβrecognize and respond strategically
- β’Three decline strategies: Harvest (milk profits), Pivot (reinvent), Discontinue (exit)
- β’Product portfolio should balance products across all lifecycle stages