A minimum viable product (MVP), is a product with the fewest features necessary to satisfy early customers and provide feedback crucial for future product development. The MVP concept enables organizations to test and validate their assumptions before further investment. The term was coined by Frank Robinson around 2001, but it was later popularized through @Steve Blank's MVP manifesto, Perfection By Subtraction, and @Eric Ries book @The Lean Startup, which explored how entrepreneurs could leverage continuous innovation to refine their products and business models. The term was coined by Frank Robinson circa 2001, but popularized by @Steve Blank's MVP manifesto titled 'Perfection By Subtraction' and @Eric Ries' book @The Lean Startup which shared how entrepreneurs can utilize these principles of continuous innovation.

References

1. Minimum Viable Product: A Guide, startuplessonslearned.com
2. Minimum Viable Product (MVP), techopedia.com
3. The Dynamic Balance Between Cost, Schedule, Features, and Quality, William S. Junk
4. What is the Minimum Viable Product?, startuplessonslearned.com
5. Perfection By Subtraction – The Minimum Feature Set, steveblank.com
6. The Single Worst Marketing Decision You Can Make, thenextweb.com

Contexts

• #startup-terminology