2 June 2025
Let’s be honest—being at the helm of a business or a startup can feel like steering a ship through uncharted waters. Some days, you’re riding the waves of success. Other days, you’re just trying not to sink. And at some point, you hit the crossroads: Do you keep pushing forward with the same strategy, or do you take a sharp turn and head in another direction? That’s the innovation dilemma—knowing when to pivot and when to persevere. It’s a delicate balancing act that, let’s face it, can make or break your business.
So, how can you tell which path to take? Let’s dive into this dilemma and navigate it together.
For entrepreneurs, business owners, and even team leaders, this moment can feel like a gut punch. Why? Because both choices involve risk. Persevering could mean pouring more time, money, and energy into something that might not work. Pivoting could mean leaving behind hard work and resources to chase an uncertain new direction. It’s a gamble either way.
Perseverance is crucial—but only if you’re persevering intelligently. Before committing to staying the course, ask yourself these questions:
For example, if your product isn’t selling because people find the price too high, you might not need to pivot your entire business. A simple pricing adjustment may solve the issue.
Let’s not forget companies like Amazon and Netflix, which stuck to their guns in their early days despite skepticism. Jeff Bezos’ long-term vision for Amazon wouldn’t have worked if he threw in the towel at the first sign of growing pains.
Some of the most successful companies we admire today made bold pivots. Instagram started as Burbn, a check-in app that no one cared about, before pivoting into the photo-sharing platform we know today. Slack was originally a gaming company, but its team communication tool became the real moneymaker.
- Your Market Isn’t Responding: If months (or years) of effort haven’t yielded any significant traction, it’s time to rethink. No amount of grit will change a market that simply doesn’t want what you’re offering.
- Your Idea Isn’t Scalable: Maybe you’ve found minor success with your current plan, but it’s clear you’ll hit a ceiling. If your business model doesn’t have room for growth, it’s time for a change.
- You’re Getting Feedback You Can’t Ignore: Customers, investors, or mentors are bluntly telling you something isn’t working. Listen. If 10 people are screaming, “This isn’t solving my problem,” it’s not them—it’s you.
When pivoting, focus on these steps:
- Keep your core mission intact (if possible). This ensures you’re retaining the “soul” of your original idea.
- Communicate transparently with your team and stakeholders. Be honest about what’s changing and why.
- Test new ideas quickly and efficiently to avoid wasting more time or resources.
Here’s a little framework to help guide your decision:
1. Define Your Success Metrics: What does “winning” look like to you? Increased revenue? Higher customer satisfaction? Whatever it is, make it clear.
2. Be Brutally Honest: Remove emotions from the equation. Assess your situation objectively. Easier said than done, I know, but this is where outside perspectives can be invaluable.
3. Don’t Wait Too Long: One of the biggest mistakes is waiting until you’ve drained all your resources to make a change. If your gut, metrics, and team are all pointing to the need for a shift, don’t drag your feet.
4. Stay Agile: Both perseverance and pivoting require adaptability. The quicker you can assess situations, make decisions, and act on them, the better your chances of survival—and thriving.
The road to success is rarely a straight line. It’s filled with zigzags, U-turns, and a few potholes along the way. But hey, that’s part of the journey, right? So, when you’re faced with your next big crossroads, take a breath, trust your instincts, and remember—you’ve got this.
all images in this post were generated using AI tools
Category:
Innovation StrategyAuthor:
Ian Stone
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1 comments
Graham McPherson
Thank you for highlighting the nuances of the innovation journey. Navigating when to pivot or persevere is challenging, and your insights provide valuable guidance for leaders facing these crucial decisions in uncertain times.
June 3, 2025 at 4:58 AM