Tags: [#ProductDevelopment, #Startups, #MVP]
A Minimum Viable Product (MVP) is a development technique where a new product or service is built with the minimum set of features necessary to satisfy early adopters. The idea is to quickly launch a product to market with the least effort, then iteratively improve it based on user feedback. MVP is often used in startups and agile environments to minimize the time and resources spent on a product before validating its market fit. It serves as a practical approach to avoid over-engineering and focus on delivering value to customers as quickly as possible.
Reference: What is a Minimum Viable Product (MVP)?
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