What is a pivoting in entrepreneurship?

Question

Accepted Answer

Changing the direction of a startup or product based on feedback or new opportunities. A notable example of pivoting is Instagram's shift from a location-based check-in app called Burbn in 2010, which led to its rapid growth after focusing solely on photo sharing.

Entrepreneurship Quiz

Q1. What is a pivoting in entrepreneurship?

Answers

A1. Changing the direction of a startup or product based on feedback or new opportunities