ENTREPRENEURSHIP

Detailed explanation-1: -The term MVP was coined and defined by Frank Robinson and popularized by Steve Blank and Eric Ries. A popular definition is the following: “… the minimum viable product (MVP) is a product with just enough features to satisfy early customers, and to provide feedback for future development…”

Detailed explanation-2: -A minimum viable product (MVP) is a version of a product with just enough features to be usable by early customers who can then provide feedback for future product development. A focus on releasing an MVP means that developers potentially avoid lengthy and (possibly) unnecessary work.

Detailed explanation-3: -A minimum viable product, or MVP, is a product with enough features to attract early-adopter customers and validate a product idea early in the product development cycle.

Detailed explanation-4: -Definition: Minimum Viable Product or MVP is a development technique in which a new product is introduced in the market with basic features, but enough to get the attention of the consumers. The final product is released in the market only after getting sufficient feedback from the product’s initial users.

Detailed explanation-5: -Minimum viable solution: A minimum viable solution is the simplest solution (and least expensive) that nevertheless contains all the core components that have been identified as necessary and can therefore be piloted effectively.