The document discusses the concept of a Minimum Viable Replacement (MVR) compared to a Minimum Viable Product (MVP). An MVR framework is designed to help companies replace or re-platform existing software, rather than develop entirely new functionality. It involves developing the minimum set of features needed to transition existing customers to a new system and retire the old one. This requires determining the MVP needed for each customer segment. The more customizations required, the more difficult the migration. Companies must balance meeting existing customer needs while having the opportunity to serve new markets.