Pivotrelated

Pivot-related is a term originating from the field of business and entrepreneurship, specifically referencing the process of pivoting a business or product. In 2012, Steve Blank, a renowned entrepreneur and lecturer, popularized the term through his book "The Four Steps to the Epiphany." According to Blank, pivoting is an essential part of the startup process, involving a business shifting its focus or direction in response to new information, customer feedback, or changes in the market.

The pivot-related concept has since been adopted by entrepreneurs and inventors across various industries, often describing a significant change in a product's features, target market, or business model. A pivot may involve refining an existing product or abandoning a failed strategy in favor of a new approach. The related term "pivot map" is sometimes used to visualize a company's pivot journey, tracking its progress and strategical shifts over time.

Pivot-related is closely associated with the Lean Startup movement, which advocates for an iterative cycle of experimentation and customer validation. Proponents of this approach believe that pivoting is essential for a business to learn from its mistakes, stay competitive in a fast-changing environment, and ultimately achieve success. The ability to pivot has become a sought-after asset among entrepreneurs, startups, and innovators worldwide, as it enables them to adapt quickly and seize new opportunities.

While pivot-related is primarily linked to business and entrepreneurship, its concepts can also be applied to fields like software development, project management, and academia, where shifting priorities or perspectives may be crucial for achieving objectives and finding success.