Definition

Corporate-speak for "let's pretend our previous strategy never happened and try something else." This strategic pivot involves redirecting attention, resources, or priorities when management realizes they've been staring at the wrong target. It's the business equivalent of saying "my bad" while pretending it was the plan all along.

Example Usage

The CEO announced plans to refocus the company on core products after the cryptocurrency venture flopped spectacularly.

Source: Business terminology

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