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In Our Cynical Age, No One Fails Anymore -- Everybody 'Pivots' (nytimes.com)
An anonymous reader shares a report: The "pivot" has assumed a peculiar place in our common lexicon. A word once used to describe a guard angling for position on the basketball court is now in wide circulation in politics and business. That's especially the case in Silicon Valley, where pivoting has become the new failure, a concept to describe a haphazard, practically madcap form of iterative development. With its sheen of management-speak, pivoting is well suited to our moment. And like any act of public relations, pivoting is also a performance. A key part of the act is acknowledging that you are doing it while trying to recast the effort as something larger, more sophisticated, highly planned. The pivot, though it arises from desperation, is nevertheless supposed to appear methodical. The word seems to have first gained currency in Silicon Valley through the efforts of Eric Ries, author of "The Lean Startup." Ries defines pivoting as "a change in strategy without a change in vision." Many successful start-ups now claim a pivot as their origin story. Slack began its life as a video-game company before realizing that its actual value might lie in a chat app the company used to communicate internally. The company is now considered to be worth at least $5 billion, putting it among the most successful pivoters of all time. (Other web staples -- YouTube, Groupon, Instagram -- began life in vastly different iterations before pivoting into their current forms.) There's a promise of technocratic efficiency with pivoting, that all you require is a good business plan, and perhaps another injection of venture capital, and you can transform yourself overnight.
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Pet peeve: Blockbuster did not dig in their heels. They spent hundreds of millions trying to build a streaming service in 1998/1999, prior to Netflix. Their contractor turned out to be be running a giant scam (not just on Blockbuster, it was a multi-billion dollar scam), and took their money and market position and blew it.
Look, there are plenty of examples of companies failing to anticipate the future, there's no reason to conflate that with the ones that fail to correctly implement what they can see.
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Seriously, you're citing basketball as the origin of this term?
A word 400 years old, coming from French, that means to rotate or change direction, now has become owned by a sport?
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