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

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.

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.

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.

Hi all.
For any successful business or to make huge profits strategy plays a key role. In present day scenario one can see lot of globalization which is taking place from time to time, and to sustain or cope with globalization changes strategy and pre-defined plan is necessary, for instance that is why many huge companies are following LEAN AND SIX SIGMA SOLUTIONS WHICH ARE SPECIALLY developed for smoothly running successful business by 'JAPAN '. According to me strategy is nothing but a systematically running business AND WITH stand TO CHANGES WHICH TAKE PLACE IN DAY TO LIFE and make profits. Without strategy running any sort of business is just like a blind folded game or sitting yourself on knife. Thank you!

In my point of view, process of developing strategy is continued from the very first day when you think to do business. Now it's success is solely dependent on the prudent market strategy which you adopted and then onward sustain in the market you must have capture the interest of community of your target market.

And it's only possible when probe the desire of people and share of your peer competitors in the market, control the operational cost of your product, development in the product marketing and so on by every moment, is the chain for growth of any business in a long run.

That's called business strategy which is required changing in itself at every step for successful business.

The first step before starting or running any business is strategy. Planning is the utmost important task and should never be missed out. The plans should have a vision and the strategy/approach to achieve it.

Strategies need to dynamic, as per the needs of market and business. Also, the strategies once laid down can be used in different business scenarios as well. What we need to do is define their scope.

One can also expand over the current strategies. One strategy can stand as the base for another one.

Few strategies always stay for eg. Cost control, produce good quality items. There are varied type of strategies as well. For eg. Ones to adapt in times of crisis, handle risks.

I would like to share my views in three points:

Firstly, there is a profit having a business strategy when the world changes from month to month because due to fast modernization new business strategies are also developed and only adoption of these is required to succeed in expanding business.

Secondly, profitable growth of business organisation comes only from the proper business strategy which is required to be innovated by experts.

Lastly, profit is calculated on the basis of business strategy only not on the changes made in the world from month to month so steps should be taken to control and coordinate the efforts of experts by employing employees under the experts.

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.

Dear all. I would like to add more points on this topic. First element of the business is to frame the strategy and strategy is of two types shot term and long term. Month to month changes in the world will not alter the buying behaviour and taste and fashion but slightly may decrease in consumption of product. That time management make the new strategy for attracting the customer for making good sale and profit. One important thing should be in planning how fast adopting the situation and converting in to action according to situation. Strategy is/should not fixed like pillar it is camouflage who changes the colour according to environment. Thank you.

According to my point of view nothing is static in this world and the same rules are applied to the business. A strategy is needed in each and every phase of life so as in business. In this world of cutting edge competition also there can be strategies which are long lasting for eg that used by apple and facebook. Apple realized the power of applications and used as its one of its strategies and Facebook realized the power of the customer's eyeballs which are there on Facebook for 24*7 and both are gaining a lot from their respective strategies. So strategies must be applied to the business but keeping in mind the demand and needs of the society.