Cycle glossary

A Market Requirements Document (MRD) is a key document in product management that outlines the needs and wants of the market for a particular product or feature. It serves as a guide for product managers to understand the market landscape, identify customer pain points, and define the desired functionality and features of the product. Simply put, it answers questions like "What problem are we solving?" and "Who are our target customers?" The MRD provides a strategic direction for the development team and helps align product decisions with customer needs and market trends.