MVP: Minimum viable product

Definition of

MVP: Minimum viable product

A minimum viable product is a version of a product with just enough features to satisfy early customers and provide feedback for future development.

Detailed Description of

MVP: Minimum viable product

Minimum Viable Product (MVP) is a product development strategy that focuses on releasing a basic version of a product to the market as quickly as possible. The goal of an MVP is to test the viability of a product idea and gather feedback from users in order to improve the product before investing more resources into its development. An MVP typically includes only the core features necessary for the product to function, and may be released in stages with additional features added over time. This approach allows companies to quickly validate their ideas and make changes based on user feedback, while minimizing risk and cost.

Examples of

MVP: Minimum viable product

1. A web-based e-commerce store that allows customers to browse and purchase products, but does not offer any additional features such as customer reviews or product recommendations. 2. A mobile app that allows users to track their fitness goals, but does not include any social features or integration with other fitness tracking apps. 3. A web-based application that allows users to create and share documents, but does not include any collaboration features or editing capabilities.

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