The term Minimum Viable Product (MVP) was popularized by Eric Rice in his book "The Lean Startup". An MVP is a product with just enough features to satisfy initial customers and provide valuable feedback for future product development.
The basic principle of MVP is to focus on the product’s core value proposition and avoid unnecessary features or functionality. This is because the goal of an MVP is to evaluate the market and adopt customer needs as quickly and efficiently as possible.
By focusing on the minimum resources required to deliver value to customers, startups can validate their business model and gather data to add back to the product This approach can reduce the risk of there as start-ups to invest heavily in a product that may not meet market needs.
One important thing to note is that MVP is not about releasing an incomplete or poor quality product. It’s about the most efficient way to validate your idea and get the product to market as soon as possible.
In summary, MVP is a strategic approach that emphasizes the importance of evaluating customer requirements and collecting data as soon as possible. By focusing on the core value proposition of the product and avoiding unnecessary features, startups can validate their business model and reduce the risk of investing in a product that may not meet the needs of the market in the role of the
