Life Cycle Management as a Way to Operationalize the Creating Shared Value Concept in the Food and Beverage Industry: A Case Study

Abstract

Life Cycle Management of electronic computer/communications systems is maturing after thirty years of experimentation and some false starts. This holistic concept provides an improved framework for planning, implementation and control of electronic hardware or software systems. It effects of symbiosis between users and suppliers who are both concerned with reliability of hardware and software, cost-effectiveness of applications, and the impacts of a rapidly changing technology. Improved cooperation between hardware/software vendors and users will undoubtedly result in significantly better product designs and services as well as their more intelligent use by sophisticated and concerned management. © 1981.