Minimum Viable Product (MVP)

Minimum Viable Product (MVP) is a term used in product management and software development to describe the basic version of a product that has enough features to provide value to early users. It's like baking a cake with just the essential ingredients - you have a simple, functional cake that gives you a sense of what the final product will be like. With MVP, you can quickly test your product in the market, gather feedback, and make improvements based on real user data. It's all about learning and iterating, so you don't waste time building something that nobody wants.