When to Say Goodbye: Sunsetting Products at the End of Their Lifecycle
Sunsetting products is a strategic decision that requires careful consideration in product management. Understanding the product's lifecycle is important in making informed decisions. There are various reasons to sunset a product, such as low demand, technological obsolescence, resource reallocation, market shifts, poor financial performance, portfolio optimization, and high end-of-life support costs.
Source: indiatimes.com