Definition
MVP is a product with just enough features to gather feedback from early adopters and validate product-market fit, allowing companies to test concepts before investing further resources.
Related Services
Product development, prototyping, and market research services help businesses create MVPs that test the market and refine product offerings.
Problem and Application
Creating an MVP helps companies reduce risk, but it requires careful balancing of features to avoid underdeveloping or overbuilding the product.
Conclusion
An MVP is an essential strategy for testing market viability, reducing waste, and iterating quickly based on user feedback.
