A product or service that was created by a company before finding out if the product or service has any demand from customers. The company then looks for potential problems that the product or solution can solve.
Example: The company built a new SAAS product without first talking with customers. Analysts thought it was a solution looking for a problem because the company was marketing it to verticals where there wasn't any demand.
Variations: solution in search of a problem, solution in need of a problem
Jargonism is a Business English dictionary. You can learn about words and phrases that are commonly used in the workplace like Circle Back, Thought Leader, and Offsite. We also have a Word of the Day, which is a daily Business English vocabulary word that is commonly used in the workplace.
On this site, we also have templates on how to communicate effectively at work, such as requesting PTO, declining a promotion, and taking a sick day.
Word: Close It Out
Definition: To mark something as completed.
Example: This task has been fixed, so let's close it out within the task tracker.