Question : Consider the Product Life Cycle(PLC), (Chapter 7 from strategic management : 7072
Consider the Product Life Cycle(PLC), (Chapter 7 from strategic management of health care organizations, seventh edition) and its application to nursing homes. Are nursing homes in Stage 4 of the PLC? Given the falling occupancies, closures of nursing homes and the growth of substitutes, like Assisted Living, many analysts think nursing homes may be in decline. Argue that from a Product Life Cycle perspective, nursing homes are in decline.