Here's how setbacks — whether it's a product flop, a missed market or internal friction — can become the turning points that drive lasting growth. Related: 3 Steps to Take to Successfully Pivot Your Company and Skyrocket RevenueRecognizing the pivot pointA good pivot doesn't come from panic — it comes from insight. Setbacks aren't failures — they're feedbackThink of failed features, products or campaigns not as wasted effort, but as data points. Some of the best companies have emerged from well-documented failures:Slack started as a failed gaming company called Tiny Speck. Great companies are built by people who respond to feedback, evolve under pressure and reframe adversity into advantage.