- Stu Lloyd
20 Powerful Ways of Pivoting a Business.
As an innovation consultant and business creativity expert, people often often ask for help in innovating their companies -- but they don't know where to begin because it seems overwhelming, especially innovating in a crisis where there's additional time and money pressure.
ie, there's a gun at your head.
Does this sound like a familiar situation to you?
Fortunately there are some go-to tools and tactics to kick-start the process of a strategic pivot or a business transformation.
In my new book Pivot Power, I outline 20 ways to pivot a business (by the time I completed my research it actually surprised me there were that many possibilities, so that's good news):
Product Pivot
Process Pivot
Premises Pivot
People Pivot
Purpose Pivot
Zoom in Pivot
Zoom out Pivot
Customer Segment Pivot
Customer Need Pivot
Competitor Pivot
Coopetition Pivot
Business Architecture Pivot
Value Capture Pivot
Platform Pivot
Growth Engine Pivot
Channel Pivot
Technology Pivot
Retro Pivot
Dumb Luck Pivot
Random Crazy Shit (RCS) Pivot or Divot
Some of these are partial pivots, some are complete transformations.
But the point is -- like a sailing race -- to find stronger, more favourable winds for your business, products, and solutions. To hack the growth and profitability of your venture (whether it's a start-up or established organization).
As business pivot advisors, we can offer you pivot consultancy, workshops and courses.
But let's start by jumping on a free discovery call to work out where you and where you'd prefer to be. Look forward to hearing from you soon.
Thanks in advance.
(Oh, you're probably wondering why the title of this blog says 20, but the book title says 25? Because in the book there's a Toolbox with an additional 5 ways to knuckle down and do something with the new knowledge.)
#transformation #strategy #pivot #pivots #pivoting