🧭 Technology Life Cycle (TLC) Theory
Technology Life Cycle (TLC) Theory, which explains the stages a technology goes through from its inception to its eventual decline or abandonment. It is a foundational concept in technology management and innovation strategy.
📈 The typical stages in the Technology Life Cycle are:
- 🔍 Technology Awareness/Introduction – Recognizing new or emerging technologies.
- 📥 Technology Acquisition – Procuring or accessing the technology.
- 🔧 Technology Adaptation – Modifying or customizing the technology for use.
- 🚀 Technology Advancement – Improving or evolving the technology for enhanced performance.
- 🗑️ Technology Abandonment/Decline – Phasing out the technology when it becomes obsolete or inefficient.
🧩 This framework helps organizations strategically plan, invest in, and retire technologies to stay competitive and innovative.