The document discusses the concept of a "Minimum Viable Replacement" (MVR), a framework for retiring old products and replacing them with new technology. An MVR is designed to replace an existing solution for existing customers while moving everyone off legacy systems. The key focus of an MVR is avoiding breakage and losing existing capabilities and customers, unlike a Minimum Viable Product which aims to acquire new customers. Successfully executing an MVR is complex, as it requires developing multiple MVPs to meet the needs of all customer segments, including customizations. It is important to balance meeting existing customer needs while serving new markets.