Minimum Viable Product ….
It’s a phrase we’ve heard a million times before; heck, most of us have said it that many times (and more) throughout our careers - but what does it mean to you?
Does it mean:
- That your scope is going to cut a lot of long-term goals to get it to the market?
- That you are looking at the minimum a product should have before it’s marketable?
- That your scope is isolated to penetrating the market as soon as possible and iteration will clear the way for the long-term?
- Or a combination of all of these and a few more?
Feel free to add your own definition. Personally, I think it’s a combination of the above and “based on other factors.” Not all MVPs are equal - depending on their objective, their industry, and what’s going to be driven based on the results of your MVP.
But I am curious to hear how you define your MVPs - what factors play into the scope the most?