Categories: Product Development
Minimum Viable Product or MVP is a strategy used for fast and quantitative market testing of a product or product feature, popularized by Eric Ries for web applications. A Minimum Viable Product has just those features that allow the product to be deployed, and no more. (Source WikiPedia)
Definition of "Minimal Viable Product" by Chat GPT: A Minimal Viable Product (MVP) is a basic version of a product that is developed with the minimum required features to satisfy early customers and to provide feedback that will help to refine and improve the product. The goal of an MVP is to test the viability of a product idea before investing significant resources in its development, and to identify the core features and functionalities that are most important to customers. MVP is often used in startup culture to build and launch products quickly and efficiently.
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