We all like the buzzword minimal viable product (MVP); however, what is MVP exactly? What attributes qualify an MVP?
In the definition of the lean startup: MVP is the product version that is
- enables a full turn of the build-measure-learn loop
- with a minimal amount of effort / development
How to measure? Innovation accounting.
- asking whether the product dev efforts are leading the real progress.
- identifying learning milestones.
- ask pivot or persevere.