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Put in basic terms: the minimum viable product, or MVP, is the simplest version of a product that you need to build to sell it to a market. The concept of the minimum viable product, or MVP, was first introduced by Lean Startup genius Eric Ries. He defines the MVP as:
A minimum viable product (MVP) is a version of a product with just enough features to be usable by early customers who can then provide feedback for future product development. [1] [2] A focus on releasing an MVP means that developers potentially avoid lengthy and (possibly) unnecessary work.
A minimum viable product (MVP) is a concept from Lean Startup that stresses the impact of learning in new product development. Eric Ries defined an MVP as that version of a new product that allows a team to collect the maximum amount of validated learning about customers with the least effort .
What does the abbreviation MVP stand for? Meaning: most valuable player.
A minimum viable product, or MVP, is a product with enough features to attract early-adopter customers and validate a product idea.
Eric Ries lays out the basics of the MVP, or minimum viable product, one of the most important Lean Startup techniques.