← SMART
SMART Business

The terms, in plain English.

Every piece of jargon used across the Key Account Director, the SaaS Commercial Playbook, and the planners — explained simply, no prior knowledge assumed.

You don't need a commercial background to use any SMART Business tool. If a term trips you up anywhere, it's defined here.

SaaS Software as a Service

Software customers pay for as a subscription — monthly or annually — rather than buying outright. Most modern business software works this way.

Used in: SaaS Commercial Playbook
ICP Ideal Customer Profile

A clear description of the type of company most likely to buy from you and succeed as a customer — used to focus effort on the right prospects.

Used in: SaaS Commercial Playbook
PQL Product-Qualified Lead

A prospect who's shown real buying intent through how they've actually used your product — not just someone who filled in a form.

Used in: SaaS Commercial Playbook
ARR Annual Recurring Revenue

The predictable revenue a subscription business can count on each year from active customers — the core health metric for SaaS businesses.

Used in: SaaS Commercial Playbook
LTV Lifetime Value

The total revenue you can expect from a customer for as long as they stay. Compared against CAC to judge whether growth is healthy.

Used in: SaaS Commercial Playbook
CAC Customer Acquisition Cost

What it costs, on average, to win one new customer — marketing and sales spend divided by customers won.

Used in: SaaS Commercial Playbook
Churn

The rate at which customers cancel or stop paying over a given period. The number every subscription business is quietly trying to lower.

Used in: SaaS Commercial Playbook
NPS Net Promoter Score

A simple score for how likely customers are to recommend you, based on one survey question, scored from -100 to +100.

Used in: SaaS Commercial Playbook
KPI Key Performance Indicator

A measurable number that shows whether you're on track toward a goal — the few numbers worth checking regularly, not everything you could measure.

Used in: SaaS Commercial Playbook · Key Account Director
QBR Quarterly Business Review

A regular check-in with a key account to review performance, address issues, and plan ahead together — usually every three months.

Used in: Key Account Director
MEDDICC

A qualification framework for judging whether a deal is likely to close — Metrics, Economic buyer, Decision criteria, Decision process, Identify pain, Champion, Competition.

Used in: SaaS Commercial Playbook
White-space

The opportunity within an existing account that hasn't been sold into yet — other teams, products or budgets you haven't reached.

Used in: Key Account Director
Kotter's 8-Step Model

A widely-used framework for leading change, moving from building urgency and a guiding coalition through to embedding the new way permanently in how a team works.

Used in: Managing Change
Change Curve

A model for the emotional stages people move through during change — denial, resistance, exploration, then commitment. Productivity typically dips before it recovers.

Used in: Managing Change
Regression (risk)

The risk that people quietly revert to the old way of working once attention and support move on — different from a project risk, and easy to miss.

Used in: Managing Change
SOP — Standard Operating Procedure

A written, step-by-step way of doing a recurring task so it no longer depends on the one person who knows it. A good SOP also flags which steps genuinely need judgement — that's the line between delegating a task and abandoning it.

Used in: Continuous Improvement · the Working with AI prompt sets
PDCA — Plan, Do, Check, Act

The core improvement cycle: plan a change, try it small, check what actually happened against what you expected, then act — standardise it or adjust and go again. The "check" is the step most teams skip.

Used in: Continuous Improvement
Gemba (walk)

Going to where the work actually happens and watching, rather than reading about it in a report. From the Japanese for "the real place". The discipline is observing without immediately fixing.

Used in: Continuous Improvement
5 Whys

Asking "why" repeatedly — usually about five times — to get from a symptom to its root cause. The discipline is following the evidence rather than leading yourself to the answer you already suspected.

Used in: Continuous Improvement
SBI-E — Situation, Behaviour, Impact, Expectation

A structure for difficult feedback: the specific situation, the observed behaviour (not the inferred character), the impact it had, and the expectation going forward. It keeps the conversation about what happened rather than who someone is.

Used in: Emotional Intelligence · The Articulation Guide
Pre-mortem

Imagining a plan has already failed, then writing the most plausible accounts of how — before you commit. It surfaces the boring failures (the unowned dependency, the untested assumption) that optimism hides in normal planning.

Used in: the Working with AI prompt sets · Project & Launch Planner
10/10/10

A decision test: how will this choice look in ten minutes, ten months and ten years (or ten days, weeks and months — scale it to the decision). It separates the discomfort of deciding from the consequences of the decision.

Used in: the Working with AI prompt sets
Teach-back

Checking that something landed by having the other person explain it back in their own words — or, in a team, asking questions that reveal whether people understood the why or memorised the what. Quiet is not the same as adopted.

Used in: Managing Change · Customer Excellence
The Key Account Director → The SaaS Commercial Playbook → Managing Change → Continuous Improvement → Emotional Intelligence →