MVP Confusion

First of all, when a team in an IT company comes up with an idea of an excellent piece of software, it builds a minimum viable product (MVP) as a draft version of a concept, that already has some real functionality, and can be tested by end users. In the case MVP works smooth, the team plans further steps of developing a stable product.

But there is still a problem for many startup companies: they sometimes fail to understand what MVP is about, and have an idea of MVP as a half working product with limited functions, demonstrating the direction of their thinking. In fact, MVP is a process of testing hypotheses about a product and making corrections according to the results of this tests.

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