Is there any Point in having a Business Strategy when the World changes from Month to Month?

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106 comments Page 10 of 11.

Ashish Mehta said:   1 decade ago
Business Strategy means Business Planning or Business Forward Path. Forward PAth or Planning are required for successful execution of any project or even small tasks.
Reasons are, in strategy, we are taking care of Busniess long and short term objectives, Macro/ Micro environment factors, resouces required for achieving long/ short term objectives, defining threats and competitors, defining strength and opportunity, developing contigency plan, etc..So, Business strategy is giving direction to the business. In the world nothing is constant, so obviously world will keep changing on continuos basis - not even month to month basis. Our strategy should forcast and consider change in the planning only.
Running busniess without strategy means Persons withou aim.
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Shoaib said:   1 decade ago
Strategy is must for a business to prosper in this competitive business world. without strategy no business can survive. No matter whether world is changing either month by month or hour by hour but chalking out plans and their execution in the long run is must for any sort of business. Plans must always be adoptable to changes. Planning as a function of management is time consuming for sure but well planned strategies are the one which makes a business to survive in the long run irrespective it takes time to plan out the policies.
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Karuna said:   1 decade ago
Yes in my opinion strategy making is very important for any buisness.
Earning profit should be the main motive and also to satisfy customers needs to have fruitful results.
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Bhushan said:   1 decade ago
Yes we do need strategy there is a need for strategy not one but we should have many back up strategies as one may work and other may not we have to keep a pace with the world we should understand where and how we are going wrong if our strategy fails we should learn from our mistakes and should imply a new strategy every time so that we don't repeat the same mistakes again and again.

So yes as time changes every moment every second in the same way even our strategy has to be change according and from time to time.
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Gyanchand said:   1 decade ago
Hello everyone as my point of view for best business and success in business should need ultimate focus on consumer demand and also seek competitor strategy. And think creative maintain relation with customer work on the basis of customer preference.
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Yash said:   1 decade ago
According to me strategies should be made in a way that they should be so flexible that can be fitted each and every kind of situation.

If we have to survive in the changing market than we need tom implement those policies or strategies according to the situation.
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Harshika said:   1 decade ago
I would like to share my views in three points:

Firstly, there is a profit having a business strategy when the world changes from month to month because due to fast modernization new business strategies are also developed and only adoption of these is required to succeed in expanding business.

Secondly, profitable growth of business organisation comes only from the proper business strategy which is required to be innovated by experts.

Lastly, profit is calculated on the basis of business strategy only not on the changes made in the world from month to month so steps should be taken to control and coordinate the efforts of experts by employing employees under the experts.
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Manoj Majumdar said:   1 decade ago
Business strategies should be made in consideration with today's changing world. Definitely adopting a strategy helps in one's business growth as it provides it an organized way to do business tasks. Without a strategy a business is more likely to fail in long term even if it has a stable start in the beginning.
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Priyanka said:   10 years ago
A business is a field of strategies without planning business does not exist without proper planning business may undergo big loss. To overcome risk and losses business must plan and it must go according to plans of the business so in business field, we have separate department called research department if any changes in technology or in the market they will take care of it.
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Avinash Rathod said:   1 decade ago
Yes we got to have the basic theme right & the strategy has to be flexible.

Ex: One must be prepared well in advance before policy changes by deriving multiple possibilities & probability.
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