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

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106 comments Page 2 of 11.

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.
(2)

Sharmistha said:   1 decade ago
Anything which is constant in this world is the "change", and so is the case with the market in the present scenario. But when it comes to designing a strategy by a company towards launching of a new product or foraying into the different market etc, it aims towards the long term goal. Designing a strategy involves preparing a competitive intelligence report that shows the present market position of the company by doing SWOT, PESTLE and PORTER 5 force analysis, which is very important for long term sustainance of the company, irrespective of the market changes which are short term in nature.
(10)

Nitin said:   1 decade ago
Business strategies are like ERP packages. They need to be upgraded and customized from time to time. The concept of change management conveys us to run with the world otherwise the organization will loose the race of cutting throats. who says you need to have a long term strategy? If the world is changing from month to month , you develop a habit of making monthly (Short term) strategy. Ultimately you have to keep your plan ready whatever may be the situation of the world. so the topic of discussion is merely an excuse.
(3)

Nitin said:   1 decade ago
Business strategies are like ERP packages. They need to be upgraded and customized from time to time. The concept of change management conveys us to run with the world otherwise the organization will loose the race of cutting throats. who says you need to have a long term strategy? If the world is changing from month to month , you develop a habit of making monthly (Short term) strategy. Ultimately you have to keep your plan ready whatever may be the situation of the world. so the topic of discussion is merely an excuse.
(34)

Chandra Prakash Singh said:   1 decade ago
Hello friends.

In my opinion business strategy doesn't mean permanent business strategy. Always there should be a strategy for any important step in our life, why not in this very important field where we are going to invest our so much man and money?

Although it is true that in today's environment the market is changing day-by-day so we have a lot of problem in making the business strategies. That is the reason now a days some instant plans are made even by lower management authority at the instant according to the position of the market. It is also true that according to today's market condition the parallel management strategy is suitable.
(1)

Sneha said:   1 decade ago
In this changing world of competition I don't think a long term strategy would work for any business house. If you want to survive in this tedious world you have to observe the flow of river at all points and then prepare your strategies in accordance to that. As it is very correctly told that in order to prove your excellence in business you need to take instantenous decisions and those who are worth it will win in the long run.
(11)

Puneet bansal said:   1 decade ago
There is nothing wrong in having any strategy as future is uncertain anything could happen but what once decided have to be implemented irrespective of what happen around you. Its only that something drastic has changed that company can be affected by the decision it had taken in that case they can review the decision.
(1)

Sanjeev said:   1 decade ago
As the world is changing very fastly. It is impossible to have a long term strategy to run a buissness. I would suggest that for every organisation doing buissness, as there is always hav a vision and some rule of that organisation. There is a quality of the product produced. So there must be short strategy to hav a balance between the quality of goods and effect of changing buissness conditions. For this you must hav a dedicated staff workerswho can monitar the conditions of changing econmy and can take rapid actions but the decision must b taken considering the quality of goods/sevices. Can't comprimise with this.
(13)

Souvik mishra said:   1 decade ago
Firstly strategies are something which are never of any use until and unless they are implemented properly. Secondly in business everybody wants profit and apply various strategies for gaining it. With the changing world the ethics of business does not change. So its not about changing the strategies its about implementation seeing the situation and needs of the consumer. After all consumers are the ones who rule the base of any business activity. The strategy is simple of making profit but it is just given a different form seeing the scenario. Certain businesses need rigorous study of consumer demands, needs and satisfaction for which marketing is required. Others have sole intention of getting products sold by any means. This is where marketing strategy needs to be reformed and modified with the ultimate goal consumer satisfaction.
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Poonam pal said:   1 decade ago
Ya according to me business strategy is must in any type of business no matter it is small or large, but if someone works without strategy that means he want to fly in sky without any type of flying tool and its impossible, so if anyone want to succeed in business so first requirement is keen observation and after that well planning and I m sure that the result is always in increasing graph.
(4)


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