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The problem with the P in MVP is that Your Product is NOT “The Product”[1]

But I guess that as the term goes mainstream, it is only expected to be misunderstood[2][3]

[1] http://www.ashmaurya.com/2011/06/your-product-is-not-the-pro...

[2] http://agilefocus.com/2011/02/21/agiles-second-chasm-and-how...

[3] http://blog.fogus.me/2012/08/03/everyones-agile/

Yeah Daniel, I agree.

I think Ash's post goes even further actually. Your product is not your business either.

The concept of the MVP is becoming a proxy for both of these important aspects of the business.