minimum viable product

Meanings

• noun

  A product with enough features to satisfy early customers and provide feedback for future product development.

  - "The minimum viable product allowed us to gather valuable customer feedback."
  - "Our team focused on creating a minimum viable product to launch the startup."

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Variants

List of all variants of minimum viable product that leads to same result
partial product , partial products

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Etymology

origin and the way in which meanings have changed throughout history.

The term 'minimum viable product' was popularized by Eric Ries in his book 'The Lean Startup'. It refers to a product that has enough features to satisfy early customers and provide feedback for future product development.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The first minimum viable product was created by Steve Jobs with the Apple Computer in 1976.

2. The term 'minimum viable product' was coined by Eric Ries in his 2011 book 'The Lean Startup'.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Lean Startup: A business methodology for developing new businesses and products through iterative experimentation. It involves building a minimum viable product, gathering customer feedback, and using that feedback to improve the product.

2. Agile Development: A project management approach for software development that emphasizes flexibility, collaboration, and customer satisfaction. It involves working in short iterations and delivering working software frequently.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

The concept of minimum viable product is closely related to lean startup methodology and agile development. It emphasizes the importance of customer feedback and iterative product development.

How to Memorize "minimum viable product"

1. visualize
   

   - Imagine a team working together to build a product with just enough features to satisfy early customers and gather feedback for future development.

2. associate
   

   - Associate the term 'minimum viable product' with the idea of a 'simple starting point' for a product or business.

3. mnemonics
   

   - Remember the acronym 'MVP' stands for 'Minimum Viable Product'.

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