minimum-viable-product

Vocabulary Word

Definition

'Minimum-viable-product' is when you create an early version of a product, like a software or an app, with just enough features to be used by early users, and allows you to learn what you need to improve.

Examples in Different Contexts

An author could release an MVP of a book, such as a few chapters or a summary, to gauge reader interest before completing the entire manuscript.

Practice Scenarios

Business

Scenario:

Our startup needs to identify the critical features for our app. We should focus on keeping it simple initially.

Response:

That's a great point. Let’s prioritize developing an MVP so we can test the market and gather data.

Design

Scenario:

As we approach the new coffee maker project, let's first focus on designing a device that performs the core brewing function efficiently.

Response:

That's the right approach. A minimum viable product should let us test the essential brewing feature first.