MVP (Minimum Viable Product) - definition & application
MVP (Minimum Viable Product) explained clearly: definition, application in practice and significance for digital strategies & transformation.
Definition: MVP (Minimum Viable Product)
MVP (Minimum Viable Product) is a central term in the context of digitalization, management consulting or innovation. It describes a method, a model, a technical concept or a strategic approach that plays an important role in practice.
What is MVP (Minimum Viable Product) all about?
MVP (Minimum Viable Product) helps companies to master complex challenges, optimize processes, develop new business models or implement innovations in a structured manner. The term is often used in digital transformation projects.
Typical areas of application
- Consulting & strategy development
- Technology & process projects
- Organizational Development & Change
- Agile product development & IT
Why is MVP (Minimum Viable Product) relevant?
Because mvp (minimum viable product) as a concept helps to structure complex issues, create decision-making certainty or derive concrete implementation steps.
Example from practice
One company used mvp (minimum viable product) to specifically identify digital potential and develop an MVP from this, which was later scaled up.
FAQ
What does mvp (minimum viable product) mean?
A concise explanation: MVP (Minimum Viable Product) describes a strategic, methodical or technical approach to digital innovation or increased efficiency.
Where is mvp (minimum viable product) used?
In transformation projects, product development, process optimization, change management or strategy work.
Why should you know mvp (minimum viable product)?
Because it is a central element of modern corporate management - and often forms the basis for digital progress.
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