A Minimum Viable Product (MVP) is the most basic version of a new product or service that includes only the essential features required to meet the initial needs of early adopters and gather feedback for further development. The concept is to release a simplified version quickly to the market, allowing the team to test the product's viability, collect user feedback, and make informed decisions about future iterations. The goal is to efficiently validate assumptions and reduce the time and resources spent on features that may not be crucial to the product's success.
A Minimum Viable Product (MVP) is the most basic version of a new product or service that includes only the essential features required to meet the initial needs of early adopters and gather feedback for further development.