Glossary of Terms

What is Minimum Viable Product (MVP)?

Minimum Viable Product (MVP) Definition

An MVP is the most basic version of your product that you can release to the market while still maintaining its functionality and delivering value to your customers.

It allows you to test the waters and experiment with your product while minimizing risk and resources. By releasing an MVP, you can gather valuable feedback and insights from early adopters that can guide your product's development. Plus, you'll be able to bring in revenue and start building a customer base sooner rather than later. It should still be well-crafted and thoughtful, just on a smaller scale.

MVP Definition

Related terms

Digital transformation is the process of integrating technology into an organization's operations to improve its overall performance and effectiveness.
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