Expressions used in Everyday Spoken English in Social and Professional contexts

MVP (Minimum viable product)

minimal viable productmvp
Meaning(s)
1) product built with sufficient features to satisfy early users/customers
  • How to MemorizePopularity MediumProfessional MediumSocial
    • build/launch/upgrade MVP
  • Analysis
     A minimum viable product is a corporate (business) term meaning the least amount of features in order to satisfy early customers and obtain feedback to adapt and develop something. 
  • Professional Examples (Advance)
    1. The company built an MVP so they could start testing their product's popularity.
    2. Before upgrading the MVP, they needed to find out what users liked and disliked.
    3. We need to be careful not to expend resources beyond developing a minimum viable product in order to adhere to a lean start up model.
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