<ul><li>Launching a product is a thrilling moment, but sustaining success requires proactive management of the entire product lifecycle.</li><li>The product lifecycle consists of distinct stages: introduction, growth, maturity, and decline.</li><li>During the introduction stage, product managers focus on building awareness, generating demand, and acquiring early adopters.</li><li>Key activities in the introduction stage include marketing efforts to highlight the product's value proposition.</li></ul>

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