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 friends. My point of view is making a business strategy is good when we start a business but there is nothing fixed. As the technology changes, so do the demands of the people. If the Nokia company continue to sell his N93 at the same price 10,000 or more, do you think anyone will buy it, not at least today when we have smartphones at such a reasonable prices. So business strategy is good but it needs to be updated from time to time.

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.

Good morning friends.

I feel a perfect strategy is essential in this competitive world to sustain for a long period. A strategy should be made by keeping dual goals in mind.

1. Profit.
2. Customer satisfaction.

This can achieved by optimized use of resources.

Hello Fiends,

According to me, strategy should be updated timely. Because every one requires capital to start a business but to run a business, there should have a proper strategy. A strategy is not a one time work, it needs to be updated timely to face the current changes in the market. For an example, The strategy of Apple incorporation was to provide one Smartphone in a year but due to facing high competition from Samsung, it needs to change their strategy.

The basic of a successful strategy is that it should be properly revised within a reasonable time.

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.

For any Business organisation, strategies are essential. These strategies must be adaptable and flexible with changing market. A good strategy leads to a good result. Of course, all plans might not lead to success, but surely help in improving our existing strategies. Strategy formulation is inevitable for any organisation to succeed in this competitive era.

A plan can lead us to the next step of our goal. So, if goal is our destination then good strategies are steps to reach it.

A GOOD PLAN LEADS TO A GOOD RESULT.

For every successful business, a good strategy and a creative mind to manipulate that strategy is needed.

That's true that the world is continuously changing and so is the market conditions and the demands. Therefore, for an organization to keep standing successfully in the market, there should be a plan that can be changed accordingly, if needed.

It is essential to have a good plan keeping the future aspects in the mind.

For this, a good vision is needed.

Without a good plan, no organization can lead to a good results.

So the conclusion is this that having a business plan is essential to an organization but the plan should be made by keeping the future market demands and aspects in the mind, only then that plan can give the good results. Also, the plan should be such that can accept the changes i.e. it should not be rigid against the changes.

First of all I would to say thanks to all my friends. It is good to appreciate that we get a such topic for discussion.

As per my opinion, a person cannot survive without suitable thought. In the same way business cannot survive and growth without proper business strategy. So we should make plan for success and growth in every situation. We should decide the strategy and make it modify as per changing the market situation. It is good to devote some time consciously every day for the survival and growth. If particular plan is fail then we should think for alternate plan instead of earlier plan which was fail. Most of the organisation they put so much effort to accomplish the business strategy even when they fail in particular plan they did not give up. Therefore we could say business is lifetime commitment and there is no question of the word 'GIVE UP' we should remove the word 'GIVE UP' from our own dictionary. It is only come when we made decision of business strategy.

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.