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)
Synonyms:
minimum viable product, mvp
Definition of "Minimum Viable Product" by Chat GPT: "Minimum Viable Product" (MVP) is a product with just enough features to satisfy early customers and provide feedback for future product development. It is a method used by startups to quickly validate their product idea with minimal resources, time, and effort. The MVP allows them to test the market and gather feedback to improve the product before investing in full-scale development. The goal of an MVP is to release a product that solves a problem for a target audience, with the minimum amount of features needed to provide value to those users.
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