A Minimum Viable Product (MVP) is a strategy used in product development to release a basic version of a product with the minimum necessary features to validate its viability and gather user feedback. The main goal of an MVP is to quickly test and iterate on a product idea while minimizing development time and costs. By focusing on essential features, an MVP allows businesses to validate their assumptions, assess market demand, and gather valuable insights from early adopters. This iterative approach enables continuous improvement and optimization of the product based on real user feedback, ultimately leading to a more refined and successful final product.
MVP, or Minimum Viable Product, is an often-used terminology that finds its origins in the Lean and Agile development process. It has now become common in software development parlance. Although the concept was coined by Frank Robinson, MVP became more mainstream after Eric Ries described it in his book The Lean Startup, “ A key … Read more
The term ‘Minimum Viable Product’, or MVP was first coined by product development expert, Frank Robinson, who defined it to be a product with a set of core features that allows it to be used in a way it’s meant to be, and nothing more. In other words, an MVP is “The smallest thing that … Read more