Impact of the pivot on digital products

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“Importance of the pivot: that it is on time and goes well” (CO Leadership – Page 147, Diego Noriega)
When and how to pivot
Pivoting is by no means an easy decision. It requires careful analysis and a deep understanding of the market and customers. Knowing when the right time is is key to staying competitive. But how do you identify that moment?

First, it is essential to listen to your users. Their feedback and expectations should be the guide for product development. If they are not satisfied or the product does not meet their needs, it might be time to consider a pivot.

In addition, it is important to pay attention to market trends. Changes in consumer behavior or technology may require an adjustment in strategy. Here, leadership plays a crucial role, as it must be willing to make difficult decisions and guide the team through change.

The pivot not only impacts a startup's strategy, but also its digital products. This process allows for improved products, making them more attractive and competitive in the market.

For example, a company may change its business model, adjust its value proposition, korean age numbers or add new features to its product. These decisions help attract new customers and retain existing ones.

Pivoting can also open up new business opportunities. By exploring different directions, startups can discover unexplored niches or innovative ways to monetize their products.

Companies that fail to adapt risk falling behind. Pivoting allows you to adjust your course, improve your products and respond to the demands of the environment, while also revealing new business opportunities. Ultimately, it is an essential tool for ensuring long-term success and sustainability.

Identifying the moment to pivot
Knowing when to pivot requires constant closeness with customers. Some key indicators may include negative feedback, declining sales, or changes in market trends.