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Defining a Minimum Viable Product (MVP) involves identifying the core features necessary to solve a specific problem or meet a target audience's primary needs https://www.hitechwork.com/defining-an-mvp-the-first-step-is-the-hardest/. The goal is to build a functional product with minimal resources, allowing for quick validation of ideas through user feedback. This process focuses on prioritizing essential functionalities, ensuring the MVP delivers value while providing a foundation for iterative development based on real-world insights.