Maturity

Maturity

Introduction

In order to help the product from finishing and entering into the growth phase and reaching the maturity phase of the product life cycle again, it becomes increasingly important for us to study the strategies and products of the most successful competitors present in the market. Moreover, it also becomes important for us to study the market trends, in order to identify the kinds of products that the consumers are demanding. Once these two steps have been carried out, we will be able to analyze the situation in a proper manner, and will also be able to develop the perfect strategy and product that will be accepted by the consumers and would help us in competing with the competitors in a strong manner. Moreover, as discussed above that innovation and change have become an integral part of the strategy of all the organizations in the world today, because of the increase in competition, it will also be important for us to focus on these two aspects in a serious manner and to keep on modifying the product in terms of its flavors, in order to keep the customers attached with it.

Discussion

Introduction of the product

The product which I have chosen for Honda is Galaxy Honda CD 125. This product was more advance than CD 70 advance and Honda CD 125. The main features of this product will be enhanced than, Kawasaki 125. Kawasaki had failed to make new CD 125 remarkably thin, but Honda has to create Honda CD 125 was remarkably thin without compromising features and, performances. Honda CD 125 is reached to the maturity stage because of its popularity. CD 125 had been introduced since 50 years.

Growth

If there is no existence of that technology Honda has to create it. Kawasaki 125 was also remarkably thin but, concept is to ...