Minimum Viable Product (MVP)

A version of a new product with just enough features to satisfy early adopters and gather feedback.

Complete Definition

In CRM implementations, MVP approach focuses on delivering core functionality quickly rather than building everything at once. This allows organizations to realize value faster, gather user feedback, and iterate based on real-world usage. MVP implementations typically start with essentials like contact management, opportunity tracking, and basic reporting before adding advanced features.

Key Points

1Delivers core functionality first
2Enables faster time to value
3Facilitates user feedback
4Reduces implementation risk

Related Terms

Change Management

A structured approach to preparing, supporting, and helping individuals, teams, and organizations in making organizational change.

User Adoption

The process by which new users become accustomed to a new software or system and decide to use it regularly.

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