What Is Voice of Customer (VoC)? Definition & Examples | Glossary
Voice of Customer defines the way in which a company receives and caters to user feedback, complaints, and expectations regarding their product or service.| Glossary
Voice of Customer defines the way in which a company receives and caters to user feedback, complaints, and expectations regarding their product or service.| Glossary
Personas play a crucial part in the Product manager's understanding of a typical customer. Here is why you should definitely consider using them.| Glossary
Monthly recurring revenue is a metric related to SaaS business and subscription-based businesses. It measures the income generated over a span of one month.| Glossary
User flow is defined as the path taken by a prototypical user to perform any action on a website or an app beginning with an entry point and ending with a final action.| Glossary
Iterative Testing is a method in which a product is tested on users repeatedly, and by making use of the results. The main motive is to make the product foolproof and market-ready before its launch.| Glossary
Release plan is a way to communicate the details of the features in a product’s upcoming release or series of releases.| Glossary
Discover the power of digital roadmaps - unlock success with expert guidance on creating and implementing impactful strategies.| Glossary
Scrum meeting is often used as an umbrella term for different kinds of meetings held in the agile methodology Scrum.| Glossary
Personalization focuses on a person rather than a group. It refers to designing a product for an individual's needs.| Glossary
All you want to know about the Waterfall model. How does it help a project? Where does it stand compared to the agile model?| Glossary
Requirements gathering or exploratory phase is the process of identifying all the details of a project from start to finish. Learn about its importance in software development.| Glossary
Explore principles, tools, and benefits, and discover successful implementations of lean methodology. Boost your efficiency and minimize waste now!| Glossary
User engagement refers to how actively involved or interested users are with a particular product or service, such as a website, app, or social media platform.| Glossary
Unveil the power of Enterprise Architecture: delve into its components, reap its benefits, navigate frameworks and standards, and uncover vital roles.| Glossary
Learn about the power of enterprise products, an essential asset for company prosperity. Our detailed guide can help you unlock advancement!| Glossary
Are you curious about the role of an Enterprise Product Manager? Discover their key responsibilities in this comprehensive guide.| Glossary
A first-mover advantage allows a company to gain the upper hand over its competitors by being the first to market a new product or service.| Glossary
Analyzing the reliability of internet traffic measurement as a standalone metric. Does website traffic deserve all the fuss created around it?| Glossary
SWOT analysis stands for Strengths, Weaknesses, Opportunities, and Threats analysis. How is it useful to an organization? What things you should be careful about while writing a SWOT analysis?| Glossary
Discover the power of the product line! Learn what they are and why they matter, and see successful examples.| Glossary
Use the 5 Whys method to identify the root cause of problems. Master analysis, overcome challenges and enhance product quality with our article.| Glossary
Buyer persona is a descriptive profile of a representation of buyers made by the company that includes specific data of the buyer that can be used to enhance the marketing strategies.| Glossary
Strategic marketing is a process through which your company establishes marketing goals to accomplish business objectives successfully.| Glossary
A marketing audit thoroughly examines a company's marketing environment to identify faults or places for improvement and recommend solutions.| Glossary
A sunk cost, also known as a retrospective cost, is an investment you already make and cannot recover.| Glossary
Return on investment (ROI) is a measure of the profitable effect of any action by comparing the investments- financial, resources or others with the output profit.| Glossary
The overall cost of resources utilized to manufacture a product or create a service, like raw materials, labor, and others, is product cost.| Glossary
Our opportunity cost guide helps you make informed choices. Learn the definition, formula, examples, and types of opportunity cost. Make your choices count.| Glossary
Cost of sales is another term for cost of goods sold (COGS). It is a metric used to figure out the cost incurred in producing the goods or services for the end-user to buy.| Glossary
Cost of goods sold (COGS) is a financial metric that tells how much cost has been incurred in the production of the product or services that have been sold to the consumers.| Glossary
Cost of Delay is simply a prioritization framework that enables businesses to realize the impacts of delaying the launch of a new product.| Glossary
The conversion rate is a metric that reflects how much of the visitors from the web traffic on a website have actually performed the desired action.| Glossary
Ideation fuels creativity and innovation. Explore its meaning, process, and potential to unlock your imagination and spark game-changing ideas.| Glossary
Product launch timeline helps you systematically plan when and how you should release your product for maximum results. Read more.| Glossary
SMART goals refer to how the project managers define the team's goals that may lead to better performance and outcomes.| Glossary
Ignite your success with Change Management: Unleash the catalyst for transformation, master the process, and be inspired by compelling real-world examples.| Glossary
A market penetration strategy is a marketing approach used to expand or further saturate a company's customer base in an existing market. Read on.| Glossary
Discover untapped growth opportunities with our guide to Total Addressable Market (TAM). Define, analyze, and calculate your market potential for success.| Glossary
Product Requirements Document is a detailed outline of the product, its purpose, requirements, features, functionalities, etc.| Glossary
A user is an individual or entity that interacts with a product by interacting with it or consuming it. Understand everything about users in this article.| Glossary
Pragmatic marketing is all about attempting to deliver products that precisely match the description of the one your customer suggested.| Glossary
How to lead a team? Which style is the best that brings out the best in people? Agile leadership encourages flexibility, adaptability, and collaboration.| Glossary
Learn to implement a RACI Matrix in your organization. Discover this essential project management tool's benefits, examples, limitations, and best practices.| Glossary
Learn how to build and manage a project team. Understand the roles of team members in successful project completion.| Glossary
Explore the transformative world of agile methodology. Learn how it empowers teams to respond to change, enhance collaboration, and drive successful outcomes.| Glossary
What does a CXO do? and when is the best moment for your company to hire one? Let's see what we can find out!| Glossary
You need to have a product portfolio if you're a company. And if you haven't put yours together yet, now’s the time!| Glossary
Discover how design sprints can be beneficial to innovation! Learn the process, benefits and more in our quick guide.| Glossary
Product failure refers to the inability of a product to match its intended purpose or fulfill the expectations of its users, resulting in unsatisfactory performance or customer dissatisfaction.| Glossary
Delve into the significance of concept reviews, where organizations gather early feedback on new ideas for products or services. The post What Is Concept Review? Definition, Prepare and Conduct appeared first on Glossary.| Glossary
First mover disadvantage refers to the challenges and obstacles any company faces creating a new business with a new product.| Glossary
Confused about what Freemium is? Don't worry, we've got you covered! Discover everything you need to know about this buzzworthy business model and how it can benefit your company. Read on for the ultimate guide!| Glossary
Customer empathy refers to the ability to view and understand the world from the perspective of the customers.| Glossary
Churn is defined as the percentage of customers that cancel or choose not to renew their subscriptions in a given period of time.| Glossary
Customer Effort Score (CES) is straightforward to track over time and correlates with business outcomes. Click here to learn more.| Glossary
A use case is a series of interactions between a role and a system to achieve a particular goal. When the user uses the product or interacts with the system, it is called a use case.| Glossary
Feature driven development (FDD) is an agile model. It follows an iterative software development approach.| Glossary
Product customization lets customers personalize your product according to their preferences and needs.| Glossary
Customer retention refers to a company's or a product's ability to retain customers for an extended period.| Glossary
Milestones and objectives related to the project's completion are included in project roadmaps. It also assigns roles and provides resources.| Glossary
A mind map is a visualization technique that links a central concept to other concepts, connecting many other related ideas.| Glossary
Say goodbye to ineffective town hall meetings! Learn how to plan and execute successful meetings that engage your team and achieve your goals.| Glossary
In agile projects, iterations are a fixed amount of time reserved for development. Here is why they could be crucial to any project and its efficient planning.| Glossary
Product Excellence is a way to reach the highest levels of product perfection based on user feedback, key insights, roadmapping, and strategy.| Glossary
Unveiling the essence of Functional Requirements: Differentiate from non-functional, explore types, master the art of writing, and grasp examples for clarity.| Glossary
A/B testing is essentially an experiment for developing, launching, and comparing two versions of the same product.| Glossary
Strategic marketing management executes your company's mission through strategic processes to optimize your current marketing strategy.| Glossary
Product planning is choosing the best things to work on to maximize the use of available resources while meeting the product strategy's stated goals.| Glossary
Planning to implement enterprise technology? This article explains everything you need to know about this robust solution to help your business stay ahead.| Glossary
Competitive analysis refers to a strategy where you identify major competitors and evaluate their strategies to determine their strengths and weaknesses.| Glossary
A customer is the lifeblood of any business. They are someone who purchases goods or services from another company.| Glossary
The distinguishing factor that attracts the customers and makes the product or service stand out from the competitors is called the Unique Selling Proposition or USP.| Glossary
Curious about the purpose of a mission statement? This article defines it and explores the mission statements of 15 powerhouse companies for inspiration.| Glossary
Do you want to market your products effectively? Then, learn about the benefits of product advertising and determine which type is perfect for your company.| Glossary
Customer acquisition cost (CAC) is a metric used to reflect the cost of convincing (acquiring) a potential customer into buying the product or subscription of service.| Glossary
Product vision provides clarity and aids in assessing the product's impact. It represents the intent, the demographic, and the purpose of the product.| Glossary
Learn how a UX designer helps in shaping user experiences and driving successful design outcomes.| Glossary
User interface is the means or medium of the interaction of the user with a software application or website or any device.| Glossary
Design thinking is a person-centered and user-centered approach to product design that promotes problem solving and innovation.| Glossary
Toyota developed the Kanban inventory method in the late 1940s to improve its production management process.| Glossary
Agile means delivering high-quality work quickly and efficiently. Agile ceremonies is just ongoing incremental improvement through small and frequent releases.| Glossary
Value proposition is a statement that tells about the product's worth and value for the money to potential customers.| Glossary
The factors that increase your chances of achieving success need to be identified. These factors are the success factors.| Glossary
Stakeholder management includes recognizing, organizing, prioritizing, and collaborating with stakeholders throughout the product development process.| Glossary
A stakeholder management plan is a formal document that outlines each stakeholder in order of priority, their level of involvement, and how your team will engage with them.| Glossary
Maximize your business potential with our expert guide to market share. Unlock the formula, calculation, and tactics to boost your market share today!| Glossary
Market requirements document (MRD) helps in outlining planning the market strategy. It is basically a document that states the market requirements.| Glossary
Revamp your business growth with Market Development Strategy! Learn expert insights, practical tips, and real-life examples to expand your market.| Glossary
Hypercompetition is a business concept that describes an environment where competition is intense and constantly evolving. Find out more about hypercompetition.| Glossary
Market validation analyzes if there is a market for your product and whether your target audience will use it. Explore market validation in depth.| Glossary
Learn about KPIs (Key Performance Indicators), their meaning, examples, and best practices in this comprehensive guide. Optimize your business performance today!| Glossary
The DACI, a decision making framework helps you make better decisions. This guide will help you how to use it effectively.| Glossary
Agile frameworks deal with uncertainty differently than they used to since the pandemic began. Find out the right agile framework for you!| Glossary
The agile business analyst's goal is to assist the agile team and product owner in carefully evaluating the business sector and responding to their concerns.| Glossary
Explore the world of resource allocation, uncover its benefits, effective techniques, methods, and more to optimize resource allocation for maximum efficiency.| Glossary
Discover the 7 crucial components of the Marketing Mix and learn how to apply them with real-life examples effectively. 2023 updated guide inside!| Glossary
Market segmentation is an excellent guide for product managers in product roadmap development and implementation of product management software.| Glossary
Market positioning refers to your brand's position in a crowded place called the market. You calculate the factors that set you apart from your competitors in this strategy.| Glossary
Looking to dominate the world of Business to Consumer? Our guide offers clear definitions, key models, real-life examples and more. Start reading now!| Glossary
Explore B2B SaaS - the answer to your software woes. Discover its benefits and top solutions in the market today. Say hello to the future with B2B SaaS.| Glossary
