Is it Time to Pivot?

Do you know when and how to adjust your project strategy?

In a recent article published in the Harvard Business Review, author Mauro F. Guillén points out companies that are successfully navigating the Covid-19 pandemic have often pivoted to a business model that’s conducive to short-term survival, and long-term resilience and growth.

Author Mauro F. Guillén explains that not all pivots, however, result in good business performance.

Three conditions are necessary:

First, pivots must align the firm with one or more of the long-term trends intensified by the pandemic.

Second, pivots must come as a lateral extension of the firm’s existing capabilities, cementing — not undermining — its strategic intent.

Third, pivots must offer a sustainable path to profitability, one that preserves and enhances brand value in the mind of the consumer.

Whether you are already under an enterprise-wide project or several system-related, projects, see how Visible Advantage Platform encapsulates these three conditions enabling you to know exactly when to pivot.

For more information on how to set up and launch your next project in Visible Advantage take a look reading here.

Our Starter Edition is free - no download or installation is necessary. We are able to bring all of this to you due to key partnerships with Amazon and Starburstdata.