What term refers to when founders of a company alter their product offering, business model, or...
What term refers to when founders of a company alter their product offering, business model, or target market in hopes of crafting a more viable business?
Homework Answers
Answer: Pivot
Explanation:
Pivot is the term that refers to altering a product offering business model, or target market in hopes of crafting a more viable business. Pivoting is done when an existing business plan is not working and the company changes to a new strategy. The new strategy may be adopted by changing the product, business model or the target market to ensure growth and profit.
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What term refers to when founders of a company alter their
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