Pivot
Definition
A Pivot refers to a strategic shift in a startup`s business model, product offering, or target market in response to feedback, market demand, or the realization of a more viable opportunity.
Benefits
A pivot involves a strategic shift in a startup`s business model or product offering to better meet market demands.
Frequently Asked Questions
What is the meaning of pivot in startup? A pivot in a startup is a strategic shift in the business model, product, or market focus.
What is a pivot in a business model? A pivot is a strategic change in a business model, product, or market focus in response to market feedback or opportunities.
What does it mean to pivot your strategy? Pivoting your strategy means making a significant change to your business model, product, or market approach.
Summary
Pivot involves a strategic shift in a business model or product offering.