“Pivots are a new reality for businesses since they enable you to move quickly to newer, untapped areas or to adjust your focus toward winning propositions.”
— reid hoffman
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Simplified Meaning:
In today's world, businesses must be flexible and ready to change direction quickly to succeed. This means they need to be able to spot new opportunities and areas where they can grow that they may not have considered before. For example, a restaurant that mostly served dine-in customers might start offering delivery and meal kits when people can't eat out as much. By doing this, the restaurant is adapting to new needs and finding ways to keep making money even when times are tough. This kind of quick adjustment can help businesses survive and thrive. So, being willing to pivot or change direction is useful because it keeps businesses relevant and competitive.
Related tags
Adaptability Adjustment Business Competitive advantage Focus Innovation New opportunities StrategyFEATURED QUOTES
