The Minimum Viable Product (MVP)

A Minimum Viable Product (MVP) is a basic version of a new product created with just enough features to satisfy early customers and gather valuable feedback. Its goal is to test whether people find the product useful and to identify improvements, without spending time and resources on full development. By releasing an MVP, companies can learn quickly, reduce risk, and make informed decisions before investing in a complete version. Essentially, it’s a practical, efficient way to validate an idea and refine the product based on real user input.