mvp minimum viable product

A MVP Minimum Viable Product is the most simplified version of a product that includes essential features to meet initial user needs and solve a core problem. Its primary purpose is to quickly test and validate the product idea with minimal effort and resources. MVP development allows teams to gather feedback from early users, identifying potential improvements and validating assumptions. The iterative approach of MVP enables continuous refinement based on real-world data and user input. This user-centric development process reduces the risk of building a product that may not resonate with the target audience. MVPs serve as the foundation for product growth and future iterations, guiding the product’s evolution based on validated insights.