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

Hello everybody.

As per the topic of discussion, business strategies are a part of its formulation. So any business, irrespective of its type, has to formulate a strategy for its current and further developments. On the other hand, globalization is a part of this corporate world. It is required to enhance the present scenario of the so-called "business environment". So it can be said that, globalization or the so-called "random changes" in the corporate world is an unavoidable and a detrimental part of it. Ultimately it is the role of a business to adjust itself and its strategies accordingly. Although it is a very tough job, but that is where the challenge lies. In order to occupy a sustainable position in the long run, any business will have to accept the changing challenges, because the world will keep on changing and competition will be progressing every passing day.

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.

Hi Everyone, In today's environment change is the only constant thing and in any business, strategy is the most essential element to achieving the end objective or goal. Planning is the foremost step in any management cycle and it is in this step that the activities and tasks for the next steps are laid out. That said, Scope management is something that one has to account for when formulating a strategy, for the scope might change. A plan has to be flexible to accommodate any change in the course of the cycle and there should ideally be reserved kept aside for that. Those are the qualities of a good plan, else if there was no change and everything was so static, so once the plan was made, any one can carry out the activities and run the company. So planning and strategics remain the essential and core element of any business.

For the above question, answer is yes. Business strategy is the only tool which you can use against the unpredictable time. As we do not know that what will happen in next 2 month, whether we will get raw material for the production of final goods or not and etc. Are threat to the business. So to avoid all such threat, we go for business strategy in which we prepare our strategy according to market condition & competitor which involve everything from planning to controlling and short term plan to long term plan. Proper business based on accurate prediction will never fail or till some extent it will cover your loss and help you to get edge over your competitor and have a stable growth over the year by keeping happy your staff, management, shareholders, investors, government and society.

The strategies are not set up overnight. It involves expertise, study, observations analysis, Market research and so on. Everything have been studied well and then depending on the results and the expected future scenario, the strategies have set up.

Ultimately, if anything changes overnight, there are certain things that has been adopted or give up as per the situation demands. This does no means that with changing scenario one should changes the strategies. Strategies plays a role for long run.

Irrespective of Global changes, I believe that strategies always protects from any such harms. So yes, one should not suppose that the strategies are worthless which are supposed to change with each market scenario. Rather to work more hard on it so that it will protect from the same.

According to me we can't ignore the power and benefit of strategy, Is anything is achievable in absence of goal and planning? If it is achieved it can't be sustain for long run because it was a result of luck not effort. It is not a new thing that changes are happening change is real and life and everything is changing with time. We have to devise our strategy in two way approach; first one is to form a long term strategy which keeps business goal and objective in mind based on customer needs which never changes and next approach is to form a short term strategy that has to be very dynamic and flexible to align with day to day changing scenario.

In my view without strategy, doing any business is like a blind folded game where the energy and efforts are wasted to test the luck.

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.

Without business strategy a company would be analogous to a human body without a brain i.e it would be directionless. Yes, it is true that today the world is changing very rapidly so do our business strategy should change to acclimatize with it. And this would be possible with the use of technology such as digital marketing, big data as a service (BDaas) etc. Today many companies uses this technology to get the valuable trend, perception about the consumers, competitors etc which helps them to formulate their strategy. For example, Amazon with the use of data analytics collects data of every customer who visits the website based on past trend of that particular purchases amazon shows related products. In this way, it can be said that only constant is change.

Business without strategy is something like body without soul, without a proper strategy it's next to impossible for an organization to succeed in this competitive world. Strategy is the path way which guides the organization towards its goal.

Now coming to the point as we know change is constant and rest all changes. This is the change which brought many innovations to this world, if we don't change our strategy with the changing world then it may land up with something unexpected.

A company's actual strategy should be partly planed and partly reactive to the changing circumstances. There should always be contingency strategy to face the uncertain challenges.

PLANED OR INTENDED STRATEGY + ADAPTIVE REACTIONS TO CHANGING CIRCUMSTANCES = ACTUAL STRATEGY.

Hello everyone,

"Failure to Plan is Planning To Fail" The World Changes every now and then but that doesn't mean we should leave it without Planning. The Rapid industrialization with advanced technologies getting things easier has to lead to the change in work culture & Management Systems helping to get the work done Efficiently in Time has been the trend of the market. For Achieving Anything we should have a Strategy and for Achieving the Goals of the Company We should have a Business Strategy because we would be coming across various Analysis while framing a Business Strategy giving us an Idea of the Forth Coming Scenarios. So from my Perspective A Business Strategy is Foremost Important in a Business Cycle combined with Transitional Changes.