MVP — Minimum Viable Product
Definition: A development technique where a new product is built with core features to satisfy early adopters and validate business ideas.
Example
In board meetings, you'll often hear something like: "Let's pull the latest MVP numbers before we make a call" — shorthand for minimum viable product.
When you'll hear it
MVP shows up most often in board meetings, quarterly business reviews, and strategy off-sites. When someone uses it, they're usually referring to minimum viable product — and they expect the room to already know what that means.
FAQs
What does MVP stand for?
MVP stands for Minimum Viable Product.
What does MVP mean in business and finance?
A development technique where a new product is built with core features to satisfy early adopters and validate business ideas.
Where will I hear MVP used at work?
MVP comes up most often in board meetings, quarterly business reviews, and strategy off-sites. It's used as shorthand for minimum viable product, so people assume you already know the term.
Related terms
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