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Strategic Pivot

Definition

A strategic pivot represents a significant shift in a company’s business strategy, often in response to market changes or new opportunities. This adjustment involves altering core objectives, product focus, or target markets. Within the digital asset sector, a strategic pivot might involve transitioning from one blockchain protocol to another, changing a token’s utility, or reorienting a project’s entire business model. Such a move aims to enhance viability or capitalize on evolving industry trends.