"Did you know that nearly 70% of startups fail? There are many reasons for this, from disharmony in the development team to a lack of product-market fit. And what’s more, there’s rarely a single reason why a startup fails. In 2011, The Lean Startup by Eric Ries changed the history of startups by introducing several new concepts. The minimum viable product, or MVP, was one of them. The idea of an MVP is to get user feedback before developing the final product. This feedback helps you avoid failure.
In today’s IT industry, developing an MVP is common practice. It’s useful in the planning of a project or startup. If you’re planning to launch your own product, read to learn more about mvp development
MVP has become a reasonable business solution. Not only startups but well-established enterprises favor this development approach. It ensures the product delivery with the basic features to target the main customer needs and facilitates the subsequent development process.
These companies can also chase different business goals.
A number of companies has applied an MVP and succeeded with it. Find out more about their stories:
1.Amazon
2.Twitter
3.Groupon
4.Spotify
Benefits of MVP development:
a)Only needed functionality
b)Testing convenience
c)Customers’ feedback
d)Market recognition
e)Less-time consuming
f)Reasonable expenses
Last edited by glionameghan; 03-08-2021 at 11:28 AM.
What is MVP and why is it necessary?
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