The planning and preparation completed by the entrepreneur or small business owner lead to development and release of the minimum viable product. The innovation creates a minimum viable product based on the information collected in the viability report and feasibility study along with the real purpose and value proposition. The minimum viable product (MVP) is the least expensive created product or service released to the market while making a profit. Development of the MVP begins the real-world learning process by integrating the early adopters’ feedback as quickly as possible (Lenarduzzi and Taibi 2016). The time frame from concept to delivery of the MVP needs to be quick but not rushed. The information ...
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