Minimal Viable Product (MVP)

A Minimal Viable Product (MVP) is the most basic version of a new product or service that allows a team to test its core idea with real users. It includes only the essential features needed to function and gather feedback. The goal is to learn what customers want and need before investing heavily in full development. By launching an MVP, businesses can validate their concept efficiently, reduce risks, and make informed improvements based on actual user responses, ultimately increasing the chances of creating a successful, well-received product.