Minimum Viable Product (MVP)
MVP stands for Minimum Viable Product. It is a development approach where a product or service is built with a minimal set of features that are sufficient to satisfy early customers, and to provide feedback for future development. The MVP approach is often used in Agile development methodologies such as Scrum and Kanban, and in the Lean Startup methodology. The goal of an MVP is to test the market and validate the business idea as soon as possible. It allows the product team to gather feedback from early adopters and to learn about the customer needs, before investing a lot of time and resources into building a full-featured product. The MVP is the smallest set of features that can be built and launched, that will allow the team to gather enough feedback to continue developing the product. It's a way to validate the product-market fit and to reduce the risk of building something that no one wants. MVP can be a physical product or a digital service, the key is that it should have th...