Market downturns often signal the need for a change of business strategy. That can often mean fundamentally rewriting the product strategy to deliver growth and engagement in new ways. In a bull market companies focus on growth by acquisition. Typically, they might look to achieve 2–3x year-on-year growth, investing heavily in attracting top-of-funnel customers. In a bear (that is, declining) market, the pursuit of growth will take different forms with greater emphasis on satisfying current customers.