MVP commonly means two main things depending on the context:
- In business and product development, MVP stands for Minimum Viable Product. This is a version of a new product that has just enough core features to be usable by early customers who can then provide feedback. The goal of an MVP is to test business hypotheses and validate whether there is a market need for the product before investing heavily in full development. It is a strategy to minimize risk and cost by learning what works early in the product cycle.
- In sports and competitions, MVP stands for Most Valuable Player. It is an award given to the best-performing player who is judged to have the greatest impact on the game, team, or sport.
If you specify the context, I can give a more tailored explanation. But these are the two most common meanings of MVP.
