Nick Hortovanyi’s blog led me to this terrific short video on the “Pivot” a concept articulated by Eric Ries in his book “Lean Startup”.
The notion of the “Pivot” has always been there, I have seen it many times, and the willingness to fail, learn from the failure, and go again is the foundation of innovation success. However, it took Ries to articulate it so simply in the book, and to then make it more accessable by offering the examples in the video.
Everyone who has successfully brought an innovation to market, has project managed a successful commercialisation, or is responsible for a continuous improvement process will see bits of their projects in this notion of a Pivot.
StrategyAudit 