Key issues and steps in creating an MVP strategy

Example of a successful MVP strategy in new product development: A successful MVP strategy in new product development involves creating a product with minimum features and testing it in the market to validate its potential. Dropbox is an example of a successful MVP strategy, where they created a simple file sharing service with a few features, tested it in the market, and then gradually added features based on customer feedback. This approach helped them to develop a product that met customer needs and grew into a successful business.