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The Product Dictionary
Welcome to Prodict, the Product Dictionary. My goal is to catalog terms that are relevant to product people today. Hopefully, I capture many of the terms that drive you batty and even get the definition close to right. Since these are often emerging terms, they tend to change quickly and be used differently within different markets and organizations.
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Term
Description
Related
1
Agile
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2
Annual Recurring Revenue
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ARR
3
ARR
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Annual Recurring Revenue
4
Backlog
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5
Discovery
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6
Freemium
Marketing Strategy used to generate sales leads by giving away some piece of your product/service for free in the hope that you will be able to upsell the customer to a paid version. This upselling is also called “converting” them to paid.
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7
High Integrity Commitment
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8
Monthly Recurring Revenue
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MRR
9
MRR
Monthly Recurring Revenue
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10
MVP
Minimum Viable Product
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11
On Premise
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12
Product Strategy
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13
Roadmap
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14
Scrum
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15
TDD
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