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

I think this business oriented world is just like a competitive global arena and if you want to deserve in this arena then you have to perform better than others otherwise you will be treated as an underdog person by your business rivals. For this we have to upgrade ourself and adopt those strategies with the help of which we can become eminent in any business.

Business Strategy is actually a study of integrating Business Plans of different departments that individually leads to the same goal of making profit.Thus in equation we can write:
Plans(Operational+Financial)of Purchase Department
+Plans(Operational+Financial)of Production Department
+Plans(Operational+Financial)of Quality Department
+Plans(Operational+Financial)of Accounts Department= Business Strategy of Whole Organisation in terms of profit.
So Business Strategy is important for integration

Yes there resides a point of having strategies as they are the initiatives. Moreover business couldn't be establish without applying strategies, nearly every moment strategies are required so as to make optimum use of resources lying in our hand.

Moreover world will be changing like this only so believe in yourself and efficiently transform your plans in an era of possibilities.

I feel Business Strategy is a must for any organisation. One cannot run a business with a long term strategy. However, if a business strategy is made keeping in mind that changes that can affect your business it would be like a jewel in the crown.

Business strategies with contingency plans can help to tackle external forces that leads to changes in business process. Always have a back up plan to deal with the day to day change factors keeping your business strategy a prime goal to follow.

Hello friends, according to me business strategy is very important, without making strategies you can't even think of establishing a business. It is the strategy where you decide what products you want to make, to whom do you want to sell them and where at what price. Without strategies even you can't make your basic decisions of business, competing in market is way ahead.

I agree that world is changing each day but business strategies are always made keeping this fact in mind, there are long term strategies and that is why they are called strategy. Any business can't grow if they don't know that what do they want to achieve and where do they want to go and how.

Business Strategy is very important in any business, but it should be made in such a sense that it a modifyable in future.

Agreed that the world keeps on changing everyday but the needs of the changing world stay static over a period of time and businesses aren't a one day story. They say Rome was not built in a day, and so isn't an empire established in a days time. Planning behind anything we do and everything we do is equally important as is reaching the goal. Strategies, though are devised in the present and are expected to work for an unpredictable future are still essential to calculate the progress in the desired direction and if bridge the gap from the expected to the actual results in case of deviations. Strategies are like an being armored getting into the war called business. It doesn't guarantee you will survive the battle but it assures that the injuries would be less and infrequent in addition to providing you a chance to defend yourself with slight dynamic changes in the strategies for survival. Of course, plan B and if required plan C as backup is always advisable.

However, if we think of going ahead without a preplanned business strategy (or for that matter strategy or planning in anything we do), we will need to look for a similar alternative which will yield results in the long run and be flexible enough to mend with the changing world, day in and day out. Failure in finding the alternative will certainly land us (and the business) in high risk and even great losses as preplanned strategies provide an edge over others without one, and makes the roadway to success visible and achievable.

I am agree with my all friend any bussiness required strategy without strategy we could no able to run a bussiness in long turn, Running bussiness without strategy is like a gambling.

Change is always evident. If the answer to the above question is no then no computer manufacturer would profit in this world because the technology is changing constantly.
Obviously strategy is required. Strategy itself needs to be devised in such a way that takes care of the factors that changes the nature of business. Expansion and developments in derivative markets and risk management is a brilliant example.

Change that concerns business are of two types : Risks and Uncertainities
Uncertainities cannot be quantified and it is very difficult to devise strategies to perfectly insure the uncertainities.
Risks can be quantified based on the past observations and hence can be managed by devising proper strategies.

A good business strategy should cover the various aspects that contribute to the success of the concerned business. The goals, objectives, feasilbily, constranints (time, labour, finance, tecnology) , the scope, potential, profit and the various risks involved.

Only a foolish king would have headed for a war without strategy. The world changes. Sure thing. People Change too. But not their needs.

A sytematic approach to anything will take us on the path of success. It also allows us identify any mistake or error made by us quickly.

Making and Following a business strategy definitely involves hardwork and being disciplined. But it is a sure-shot path to success.

An ad-hoc approach could lead to stress & unhealthy lifestyle.