{"id":1016,"date":"2021-09-15T00:41:18","date_gmt":"2021-09-15T00:41:18","guid":{"rendered":"https:\/\/lvivity.com\/?p=1016"},"modified":"2024-09-11T09:51:17","modified_gmt":"2024-09-11T09:51:17","slug":"minimum-viable-product","status":"publish","type":"post","link":"https:\/\/lvivity.com\/minimum-viable-product","title":{"rendered":"Minimum Viable Product (MVP): Definition, Examples and How to Build One"},"content":{"rendered":"\n

This concept was first defined as part of the lean startup methodology and is popular far beyond Silicon Valley, being increasingly applied in a wide variety of economic areas (entrepreneurship).<\/p>\n\n\n\n

What does the term \u201cminimum viable product\u201d mean? We can define it in the following way:<\/p>\n\n\n\n

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Minimum Viable Product (MVP) in software development is an earlier simplest working version of the product, which has the minimum necessary functionality to meet customer needs.<\/p>\n<\/blockquote>\n\n\n\n

The approach implies the software development where a new app appears to have only those features, which are enough to satisfy its first users\u2019 basic needs. It is a concept from Lean Startup method.<\/p>\n\n\n\n

The main value and purpose of building a minimum viable product for business is that it allows to do market research for customer demand and get feedback from real users spending a minimum of time and resources. It becomes possible to regularly upgrade the product to meet the real user needs at the stage of development. Thus, to provide them with what they really want to get.<\/p>\n\n\n\n

\"MVP<\/figure>\n\n\n\n

The difference between an MVP and a Proof of Concept<\/a> and prototype is that an MVP is not just an idea validation<\/a> or just a visualization of what a product may look like but is its first operational version in use.<\/p>\n\n\n\n

\"POC<\/figure>\n\n\n\n

Three key features of a minimum viable product:<\/p>\n\n\n\n