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Life Cycle Implemantation in salesforce

Hi Friends,


Can u please tell me about the life cycle implementation in salesforce?As I am new to salesforce and I want to know about it.?


Dos that mean creating new application on the force.com enviroenment which includes creation of only custom objects or it has got something to do with leads and then Acconts etc?.


Where can I get more information about the life cycle implementation?.Is there any URL where I can read about it.