Tips and Tricks

A Unified Product Strategy Glossary

By Published on June 17, 2025Updated on June 20th, 2025No Comments10 min read

I’ve mixed up and seen many of these terms misused over the years. So, with some help from ChatGPT, I decided to clarify them using one example – the creation of a fitness app – throughout.

After several iterations and manual updates and changes, here’s the refined output to date. I will probably keep changing and adding to this table but feel free to use it as you like or incorporate it into your own prompts 🙂.

Grouping Element Definition Example (Fitness App) Key Question How to Write It Sense Check / Distinction
.🔍 Strategic Foundations Purpose The fundamental reason why the product or organisation exists. To empower people to lead healthier lives through daily fitness. Why do we exist? Broad, inspiring, and enduring statement. Underpins vision and mission; why vs. what/how.
Mission Statement A concise statement of what the product aims to achieve and for whom, in the near to mid-term. To provide quick, effective workouts tailored for busy professionals. What do we do, for whom, and how? Clear, specific, and actionable statement. Bridges purpose and vision; focused on current action.
Vision The long-term change or ideal future state the product aims to enable. Help people build lifelong habits that support health and happiness. What world do we want to help create? A broad, aspirational statement. Guides overall direction; not measurable.
Value A core belief or principle that guides behavior and priorities. We believe movement improves both physical and mental wellbeing. What principles guide what we do? Use positive, declarative statements; often plural. Shapes tone, decision-making, and team alignment.
Value Proposition The unique value the product offers to the user. Quick, smart workouts that adapt to your schedule and keep you motivated. Why should someone choose this product? Short and benefit-focused. Combines user benefit and competitive edge.
Key Benefit The primary gain or result the user receives from using the product. Feel energised and accomplished in under 15 minutes. What’s the biggest payoff for the user? One clear user-centric value; think: “What’s in it for them?” Should tie to the value proposition.
Persona A representation of a key user segment. Sarah, 32, marketing manager, struggles to fit workouts into her unpredictable workdays. Who are we designing for? Name + needs, behaviors, goals. Useful for empathy and alignment.
Design Principle A core guideline to inform consistent design decisions. Design for momentum: remove friction and reward quick wins. What values should guide our design? Actionable beliefs or rules of thumb. Helps ensure product cohesion.
Stakeholder Any individual or group with influence or interest. Fitness coaches, user researchers, developers, and end users. Who is involved or impacted? Use role or group names. Includes internal and external parties.
🧠 Problem Understanding Problem Statement The fundamental issue or challenge faced that needs resolution. People want to feel energised in the morning but often skip workouts due to time and decision fatigue. What’s the core problem we’re solving? A clear, concise statement of the core challenge. Avoid embedding solutions; focus on the core issue.
Need The underlying value or benefit people seek. A sense of daily energy and confidence in personal wellbeing. What core benefit is being sought? Use nouns that describe an end state or value. Often unspoken or emotional.
Want A stated desire, often feature-focused. I want a fast, energising workout with music that matches my mood. What do people say they want? Use direct quotes or feature requests. May not align with true needs.
Pain Point A specific frustration, inefficiency, or blocker in the experience. I waste time each morning deciding what to do and often give up. What is causing friction or dissatisfaction? Use specific user language to describe frustration. Often surfaces needs and opportunities.
Task An action someone does or intends to do, past or future. Browse and save quick workouts I can do before work. What is the person doing or trying to do? Verb + object, e.g., “Browse workouts”. Can be habitual or aspirational.
Point of View (POV) Defines the user, their need and why the need is important to that user. An adult who lives in the city, needs to be motivated to exercise regularly because the user would feel a lot worse without regular exercise. What is the right challenge to address in the design process? [User] + [need] + [insight]. The insight is likely to be a problem statement or pain point.
Job to Be Done The progress someone seeks in a specific situation. When I feel groggy in the morning, I want to do a quick, energising workout so I can start my day focused. What outcome is desired in a situation? When [situation], I want [action], so I can [goal]. Captures functional, emotional, or social value.
Opportunity A gap between the current and ideal state. Enable users to feel progress daily so they build lasting workout habits. Where is there room to add value? Phrase as a value gap or improvement. Informed by pain points or unmet needs.
Insight A distilled observation from research with strategic significance. Users are more motivated by seeing streaks and visual milestones than calorie counts. What have we learned that’s actionable? A sharp, evidence-based takeaway. Informs direction or innovation.
Assumption An unverified belief about the user, product, or market. People will continue using the app if they feel small wins daily. What are we assuming to be true? “We believe…” or plain declarative statements. Requires validation.
Hypothesis A testable belief connecting a change to a predicted outcome. If users can visually track streaks, they’ll work out 3x more weekly, because it reinforces progress. What do we believe will happen if we act? If [change], then [result], because [rationale]. Should be measurable and falsifiable.
Constraint A fixed limitation, such as legal, technical, or time-related. All personal data must be stored securely and comply with GDPR at every touchpoint. What limitations must we work within? “Must…”, “Cannot…” statements. Non-negotiable; limits solution space.
Risk A potential negative outcome or failure point. If workouts feel repetitive or off-target, users may churn within the first week. What might go wrong? If [event], then [impact]. Should be tracked and mitigated.
🎯 Defining the Scope Goal A high-level aspiration or mission. Empower users to build habits that stick beyond short-term motivation. What future success looks like? Abstract and inspirational. Guides overall strategy.
Objective A clear, time-bound target supporting a goal. Improve 30-day user retention from 40% to 60% by Q4. What do we aim to achieve now? Measurable and specific statements. Should lead to key results.
Key Result A measurable result tied to an objective. Increase NPS from 30 to 45 among daily active users by end of Q3. How do we know we’re progressing? Numeric target with verb. Indicates whether objectives are met.
Epic A large body of work with user or business value. Enable consistent morning workouts through smart nudges and tailored routines. What large outcome are we working toward? A short, aspirational phrase. Breaks into multiple user stories.
Initiative A strategic effort addressing an opportunity. Develop and launch the “Morning Boost” experience: routines, reminders, and progress tracking. What overarching effort are we pursuing? Action-focused with strategic scope. May span multiple teams or epics.
User Story A short narrative from a person’s point of view. As a returning user, I want to view my workout streak so I stay motivated to keep going. What does someone want and why? As a [role], I want [goal] so I can [benefit]. Drives development decisions.
Solution A specific design, system, or feature. An interactive progress dashboard with weekly streaks, milestones, and encouragement tips. What are we building or designing? Noun phrases, descriptive and clear. Concrete, not theoretical.
Decision / Trade-off A product decision and its rationale. Prioritised progress-tracking over expanding content to reduce cognitive overload. What trade-offs are we making? Decision + reason. Ensures alignment and transparency.
🚀 Execution & Learning Input Resources needed to begin work. UX designers, frontend capacity, onboarding data, and trainer-curated content. What do we need to start? List of assets, roles, or data. Fuels activities.
Activities The work done to produce a result. Design streak view, test motivation copy, build weekly summary. What are we doing? Verb-based actions. Creates outputs.
Experiment A structured test to validate a hypothesis. Run A/B test: dashboard vs. checklist to compare weekly engagement rates. How do we test our assumption? Describe setup, variable, and metric. Confirms or disproves assumptions.
Output A tangible deliverable or asset. Released “Your Progress” dashboard in version 1.8. What did we produce? Feature, tool, report, etc. May not equate to outcomes.
Milestone A key point or checkpoint in progress. Launch MVP of “Morning Boost” by September 1 with 3 core features. When have we hit a major point? Named phase + deadline. Indicates progress, not finality.
Feedback Insights from people or data. “I wish the graphs showed weekly goals — not just calories burned.” What did people say or do? Quote or summarise what users said, did, or showed through data. Drives iteration. Should connect to feedback or evidence — not just opinion.
Iteration An update made in response to learning. Added weekly goal indicators and color-coded progress states. What changed and why? State what changed, why it changed, and what informed it. Informed by feedback or testing.
KPI An ongoing performance indicator. % of daily users completing at least one tracked workout. How do we track success over time? Use metrics that track behaviour or system health over time. Should be regularly updated and connected to objectives.
Outcome A meaningful user or system change. 70% of new users build a 3x/week habit within 30 days. What changed as a result? Describe what behaviour or performance change occurred after release. Proves effectiveness. Must be measurable and meaningful; more than just delivery.
Impact The broader or long-term benefit. Users report sustained energy and reduced stress within 6 weeks. What long-term value was created? Describe the broader, lasting change or benefit your work contributed to. Often indirect or longer-term; connect to vision or mission.

Initially generated by ChatGPT GPT-4o on 17 June 2025 but has been subject to (manual) expansions and refinements since.

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