What are some successful examples of business pivots?
An example of an AI chatbot conversation about business pivots and their success stories.
What are some successful examples of business pivots?
One famous example is Netflix, which started as a DVD rental service and pivoted to streaming.
That's interesting! What about other companies?
Another example is Slack, which began as a gaming company before pivoting to a communication platform.
Can you tell me more about how these pivots were successful?
Sure! Netflix capitalized on the shift to digital consumption, while Slack focused on improving team collaboration.
What challenges did they face during their pivots?
Both faced significant competition and had to adapt their business models quickly to meet changing consumer demands.
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