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Pivoting Your Organization: When and How to Change Directions
About this episode:
After many years of success, things are not working the way they used to. Or… You’re a start-up looking for product-market fit. Or… an opportunity presents itself, and you need to decide whether to stay the course – or jump on the opportunity.
Part 1
Part 2
Topics Discussed (with timestamps)
• How does an organization pivot to a new "north star" and how would an organization know a pivot is necessary? (01:04)
• Some industries experience rapid change while others hardly change: What can we learn from either extreme? (09:16)
• Proactive pivots vs reactive pivots (14:06)
• Can the strategic pivot due to disruption be turned into an "always on" capability? (22:09)
• What were the guiding operating principles that get organizations through disruption? (26:28)
• Is there a mechanism to identify "weak signals" without leading them? (29:44)
• How can we predict the future vs How can we create the future (35:25)
• What data does an organizaiton use to determine the pivot it needs to make?(00:36)
• What do you do when you know a change is needed but you don't know what change to make? (05:55)
• Defining your organization by the problems you solve (10:24)
• Should organizations buckle down or take more risks when there is uncertainty? (16:20)
• Organizational pivot... or create a new business (18:21)
• When should an organization create a flanker brands (21:46)
• When is an inspiration to pivot wise vs a distraction from the current successful business model? (24:46)
• What conversations need to be had (and with who) before you decide to pivot your organization? (29:09)
• Organizational Change: Keep capable employees who aren't on board vs swap for new employees who are on board for the change (32:02)
• How does "fear of failure" impact a leader's decisions to pivot their organizations? (37:27)
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