There was a lively discussion behind the scenes at last week’s webinar on fostering an innovation culture. KILN’s Chief Solver Gregg Fraley moderated a discussion panel that includeBengt Järrenhult. Bengt’s use of the term pivot sparked conversation amongst participants through Innovation Management’s instant-message system.
The very same day, Fast Company was sharing this video. Lean Startup guru Eric Ries describes here how he coined the term and what it means. It’s a great video, at at just over four minutes it’s lean enough to be worth your time.
There are three important points Eric makes about pivoting:
1) Pivots are adaptive. The real-world responds to an innovation and that response is processed. If the signal from the world is: “this element is interesting” that’s the dimension that the team pursues. Think iteration, rather than all or nothing.
2) Pivots happen because leaders and teams look failure in the face, and decide to do something different. In the face of failure, there is choice.
3) Pivots are possible because people aren’t welded into a standard operating procedure or “business as usual” mindset that blinkers them to the choices available when expected results don’t fulfil our expectations, visions, dreams.
Thanks to Bengt for ensuring our conversation touched on this important agile behaviour. If you’ve grasped the concept yet need help putting it into practice, please talk with KILN.