If you think an MVP is the most valuable player in the Super Bowl, you haven't been introduced to the Minimum Viable Product in relation to a software system. Minimum Viable Product, or MVP, is the most basic version of a product that has only enough of the essential features to be marketed. Through this early marketing, the company can glean valuable insight from early adopters, which then guides the development of the fully-featured product. Inevitably, the final product is far better because of that input.