Regal Marine Product Life Cycle and Competitive Strategy
Watch:
Myhopster (Oct 2011) Regal Marine Corporation [Video File]
TCS Resilient, Responsive and Responsible Supply Chains
Check out the Readings in Modules: One Planet Network (2019) Sustainable Supply Chain Initiative
Read the Case "Product Design at Regal Marine" - CH 5 and respond to the following: In your post please don't use the Q&A style, instead use titles maybe e.g. 'strategy'
Detail the concept of product life cycle as it applies to Regal Marine products?
Elaborate the company's strategy to stay competitive.
Regal Marine Product Life Cycle and Competitive Strategy
Student’s Name
Institutional Affiliation
Course Code and Title
Professor’s Name
Assignment Due Date
Regal Marine Product Life Cycle and Competitive Strategy
Regal Marine Corporation is an international producer of luxury boats and yachts. The company tackles the complex issues of the shipping trade. The paper seeks to examine whether the idea of the product life cycle applies to Regal Marine’s product selection. In this case, it will explore how the management has used strategies that have helped it retain its competitive edge in the market.
The Product Life Cycle at Regal Marine
A product life cycle is a model that explains the process in which a product is realized. These include phases that affect one another in succession. The first phase for Regal Marine involves research, development, marketing, and production of various luxury yachts. The main models are stylish, have the latest technology, and attract attention from people. Myhopster (2011) delineates