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

Just to add to the points above, a business cannot run without an effective plan and strategy. Though the market is changing from month to month the main reason behind a strategy is to predict those changes and stay on top of them. I agree that there will always be some changes and that's why a strategy should be adaptable and should be reviewed from time to time to inculcate the changes in the market.

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.

To go on a trip in vacations we start planning before 4-5 months that how is the place, where we stay, what we will see. So, for a simple trip if we plan strategies that is also tentative than to run a business how can we ignore such a crucial step of planning.

A business can be start by an idea but to make it successful we have to plan strategies step by step. But strategies in today world's should be a amalgamation of both rigidity and flexibility.

Rigid in the core working such as its completion of targets in making, maintaining the overall turnover but should be flexible in some planning changing according to the demand of the consumer, improving it sales, increasing production.

As universally define change is the law of nature so the strategies should be as the time passes the companies should make some changes in their strategist to compete the present market but at the time should also maintain their core strategies remain unchanged on which their company stand.

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.

Business strategy is very important in the present day world. A Business without a strategy is like a ship without navigation system. So to control the business and have good success in the market the business strategy should change according to the market requirements and consumer desires. For any business to be successful they must a strategy which is changing according to the world.

Yes, there should be a business strategy in a changing dynamic environment because a business can't be run with capital but it needs a goal and a specific strategy to achieve the goal. But in a changing environment, you should have short term strategies to satisfy the short term goals henceforth the goals should be designed as such that it gets satisfied in a month.

So, summing up the point. Strategies are a key to business goals but in a changing environment they should be kept on a short term scale and flexible so that it could be changed immediately according to the requirements and wants.

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.

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.

I think, any business would not succeed in this turbulent market without a robust business plan.

A business plan is important:

1) It is true that market conditions, economic scenario change rapidly, but the motive of a business plan is to read those trends and prepare itself according to the best of its efforts.

2) prepare for any unanticipated contingencies.

3) To decide its target market by way of STP (Segmenting, Targeting and Positioning) strategies.

4) to allocate a company's resources in order to derive the maximum benefit from them.

5) to come up with ways of maximizing profits under changing circumstances.

Thus it would not be wrong to say that a business strategy is a company's modi operandi shaping its fundamentals and defining its key targets, along with enabling it to survive even in the most hostile business environment.

A business strategy is like a blind person's stick which acts as a guide to him.

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.