Types of Pivots

Categories of Pivot

  • Zoom in pivot - Subset of product is what matters
  • Zoom out pivot - Product is too narrow - generalize it
  • Customer Segment pivot - Product solves a real problem, but there’s a different market that needs it more
  • Customer need pivot - Market we are looking at has very strong needs, but the problem we are solving is not the biggest need
  • Platform pivot - Go from point product to a platform or vice versa
  • Technology pivot - Change core technology
  • Channel pivot - Change how you get the product to the customer, or change from a product to a service
  • Value Capture pivot - A basic change in the business model or how the business is financed.
Discussion: Describe each one and give an example. Are these all the kinds that exist?