Pivoting from one strategy to another is essential for entrepreneurial firms but also for more established firms operating in a dynamic environment (see other materials on dynamic capabilities on this site). The video below can stimulate a conversation on what … Continue reading
Sometimes no matter how strong your resources are, you still can’t win. In those cases, it’s critical to avoid conflict so you can fight another day. This classic video depicts a battleship demanding that a rival change course to avoid … Continue reading
Of course entrepreneurs need to anticipate when to pivot off of their initial plans (same applies to larger firms but it’s harder). This silly video drives home the need to pivot lest you run up against a wall. You might … Continue reading
This is another in our series of explorations in learning from failure (and learning from success). The Swedish Museum of Failures reminds us of some of the most spectacular product failures. Interestingly, most of them can be closely linked to … Continue reading
In this video, Henry Mintzberg presents the story behind the classic Honda B case. That is, when Honda tried to enter the traditional US motorcycle market with large machines but ran into implementation problems that pushed it toward introducing small … Continue reading
This interview with the founders of Justin.tv and Twitch presents an example of how founders shift their strategy in the face of feedback from customers, and emerging opportunities. They started Justin.tv to broadcast their lives, but soon discovered that people … Continue reading
