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: A Minimum Viable Product (MVP) is a version of a product with just enough features to satisfy early customers and provide feedback for future development. It allows a team to collect data, learn from users, and iterate on the product in a cost-effective way. The primary goal of an MVP is to quickly bring a product to market and validate the idea with minimal resources.
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