Pivoting Successfully: When to Change Business Model and How?
In today’s rapidly changing business landscape, adaptability is key to survival. Businesses must be prepared to pivot when circumstances demand it, whether due to market shifts, technological advancements, or changes in consumer behavior. For example, during the COVID-19 pandemic, many restaurants pivoted to offer takeout and delivery services to adapt to changing consumer preferences. This … Pivoting Successfully: When to Change Business Model and How?