An MVP is a Minimum Viable Product. It is the least complex product that has the features to satisfy customers’ needs. An MVP is a product with just enough features and functionality to give potential customers an idea of what the finished product will be like
MVPs are often used in order to test a product idea, or in order to validate a business model before committing more resources.
The key features of an MVP include: – Simplicity and Validity
– Simplicity: The goal of an MVP is to be as simple as possible while still being viable for customers and providing value. This means that it should have just enough features for customers to be able to use it without being overwhelmed by too many options or too many steps involved in using the product.
– Validity: The goal of an MVP is not only to be simple but also valid and valuable for potential customers. This means that it should provide at least some value that potential customers can see and feel; it shouldn’t just be something they don’t care about or find uninteresting.