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

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.

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.

Survival and Growth of every business revolve around 2 aspects viz. Customer satisfaction and profitability. In order to achieve these two goals the organization should have a clear business policy and strategy. In the rapidly changing business scenario it is very difficult to adopt a long term strategy. We should frame the business strategy in such a manner that the same could be changed from time to time as situation warrants.

Yes I agree with this statement. Though the world is changing day by day but if there is no business strategy then you cannot cope with the changing world. The business strategy strikes the mind of the employ working with the firm about the goal of the company and encourages them to deal with the changing world.

If you do not have any strategy the you will be a blind player in the market with no base. Strategy should be changeable but present for proper working condition within a firm.

Hello,

I think strategies are what keeps an organization alive and outstanding. They are the shields which protect an organization from competition. But in this rapid changing world business strategies also have to undergo changes accordingly. They should be altered based on.

-->Data.

-->Profit.

-->Customer satisfaction.

In today's dynamic world, no business can sustain. So it has to adapt itself to the changing environment and for that the strategies should be such that they are flexible and can be modified when the situation so demands.

For instance, technology is changing at a fast pace so in such a situation the company should develop a long term technology strategy while remaining flexible enough to take advantage of unforeseen technology developments!

So I conclude by saying that no business can do without the strategies!

To my opinion yes, we surely need business strategies in the business, even when the world changes from month to month.

It is simple since we were young, we were always asked to prepare regularly and in a planned manner for our exams at school & colleges, then why not now?

Strategies, help us setting goals, knowing the outcome, we can understand where we lie, where we need to reach.

Customer attraction methods can be studied upon, working in a particular manner even for a very little time, keeps the firm, or the employees of the firm together as a team and gives them a correct direction.

As far as changing World in concerned, strategies can be revised, without hindering the final goal, methods can be changed for the same outcome.

Changing market or World, is a benefit, for you can use this as an opportunity for doing something new & innovative.

So strategies made with with flexible minds will always be better to compete in this global economic World.

I will also place my point in this wonderful topic, as per my point of view the any of the organization stands in the market, because of the good strategies. Without making strategy functions can not be run for long time.

Moreover as the catch point here is world is being changed, so the old strategy can not be applied in every function. And if we will not make the new strategy with so many transforms, than it is very difficult to adopt the new systems by the people with outdated strategies, so the strategies must be updated with time to time as per changes done.

Hello.

In this competitive world, the marketing strategies is must for business.

Customers are our boss, so we need to satisfy the customer needs then only we can sustain in the market in this competitive world.

Another one is profit, this is also one of the important factor in this competitive world.

Thank you all.

Hi friends.

I am very glad to speak about this topic.

Yes I agree that world is changing from month to month, but I just want to ask you a question does a knight comes in a battle field without shield, even he does not know from from where enemy will attack him. Business strategies are like that shield, although world is changing but strategies are important.

We have so many different scientific methods of forecasting, we can make our strategies based on that data. Strategies should also be on ethical basis so any change in government policies would not affect our strategies.

But as we know that every coin has two sides. We can't neglect the chances of any change so we should be prepared to make necessary changes in our strategies.