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 version of a product with just enough features to satisfy early customers and provide feedback for future development. It is developed with the minimum effort and resources required to release the product and gather data on customer needs and preferences. The goal of an MVP is to quickly launch a product to the market and iterate based on real user feedback and data.
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