Minimum Viable Product

Pronunciation: /ˈmɪnɪməm ˈvaɪəbəl ˈprɒdʌkt/

Definitions of minimum viable product

noun A noun is a word that represents a person, place, thing, or idea. In this case, 'viable' is a noun that represents the ability of the product to succeed or be effective.

Example Sentences

A1 A minimum viable product is the simplest version of a product that can be released to the market.

A2 Companies often use a minimum viable product to test their ideas before investing more resources into development.

B1 Creating a minimum viable product allows businesses to gather feedback from users and make improvements based on real-world data.

B2 Startups often focus on developing a minimum viable product to quickly validate their business ideas and attract investors.

C1 The concept of a minimum viable product is central to the lean startup methodology, which emphasizes rapid iteration and customer feedback.

C2 Experienced product managers know how to balance the need for a minimum viable product with the desire to deliver a high-quality user experience.

adjective An adjective is a word that describes or modifies a noun. In this case, 'minimum' is an adjective that describes the level or amount of viability required for the product.

Example Sentences

A1 The company released a minimum viable product to test the market.

A2 The app developers focused on creating a minimum viable product to gather feedback.

B1 The startup decided to launch their minimum viable product to attract early adopters.

B2 The team worked hard to iterate on their minimum viable product based on user feedback.

C1 The company's success was attributed to their strategic use of a minimum viable product approach.

C2 The CEO emphasized the importance of releasing a minimum viable product to validate market demand.

Examples of minimum viable product in a Sentence

formal The company decided to launch their minimum viable product to test market demand.

informal We're just putting out the minimum viable product for now to see how it goes.

slang Let's just throw together a MVP and see if it sticks.

figurative In the world of startups, sometimes it's better to release a bicycle rather than waiting to perfect a car - that's the philosophy behind a minimum viable product.

Grammatical Forms of minimum viable product

• plural: minimum viable products
• comparative: more minimum viable
• superlative: most minimum viable
• present tense: minimum viable product
• future tense: will be minimum viable product
• perfect tense: has been minimum viable product
• continuous tense: is being minimum viable product
• singular: minimum viable product
• positive degree: minimum viable product
• infinitive: to be minimum viable product
• gerund: being minimum viable product
• participle: minimum viable product

Origin and Evolution of minimum viable product

First Known Use: 2011 year

Language of Origin: English

Story behind the word: The term 'minimum viable product' was popularized by Silicon Valley entrepreneur and author, Eric Ries, in his book 'The Lean Startup' published in 2011.

Evolution of the word: Initially used in the context of startup methodology and product development, 'minimum viable product' has since become a widely adopted concept in various industries to describe the version of a new product that has just enough features to satisfy early customers and provide feedback for future development.