MVP (Minimal Viable Product) vs MVaP (Minimal Valuable Product) - what’s the difference?

The article addresses the concept of the Minimum Viable Product (MVP) and its crucial importance in the product development process. The author explains that an MVP is a basic version of a product that delivers core features to potential users to gauge market reactions and gather valuable feedback. By developing an MVP, development teams can focus on the most critical functionalities, eliminating unnecessary work on less crucial aspects. The article also discusses various companies that effectively used the MVP concept to streamline their business processes and better meet customer needs. Additionally, the author emphasizes the importance of an iterative approach to product development, which helps in adapting the MVP to the evolving market demands, thereby increasing the chances of the final product's success.