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

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.

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.

Strategy is a kind of business plan which is not static, but its dynamic as it is varying with time as per customer demands.

Strategy is needed to start work in particular direction. Otherwise no one who is doing business is unidirectional, but with the demand it needs to be upgraded or modified. As the main function of any business is to get profit. So mainly it should varies as per customer or market expectations.

So Strategy is needed in business but it should not be rigid.

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.

Hi Guys,

As we all know that world is transforming rapidly in front of us where there is more and more need to keep focus on the work procedure to gain something in the business life. Making strategy is a way to achieve target in the business. Without any strategy we can not expect even average positive result in our hands. We all are aware that when we talk about development of the country so we talk about the people of the nation and if people are doing well it means each one is able to do his/her best to the task so business is nothing but part of the nation where there is more & more need of making proper strategy so that each one can handle the situation well.

Let me explain a true story of my friend's family so that I can give you better display of importance of the strategy in our work place. Actually that family was quite poor just two years ago but now that family is a rich family and when I saw so I was extremely happy seeing that and now they are rich not only with the money but also their behavior I tried to ask the hidden formula and they told me that we have changed our planing to achieve the things that's why now we are changed in the society.

So with the help of strategy we use to modify ourselves to gain more and more benefits.

Yes it is absolutely necessary to make business strategy.

Business strategy is one of the key factor that relates an organization to its success. A good business strategy can give a company a strong advantage over other companies. No company can progress much without setting out its long term goals and the direction in which the company wants to head.

However as the world is constantly changing, rules, laws, completion, customer demands, markets etc are constantly changing, we cannot have just fixed idea as to what our company strategy should be. Change is constant and thus changing business strategies with this progressive world becomes a must for any company.

Take a computer firm for example, It knows what product it must develop and has sets out a strategy on how to go about the development of the product. But for a long term project Project plans must be adaptable. The plan should allow adoption of latest and most efficient technology. The plan should be flexible enough to allow to adjust change in consumer demands etc.

As the world is changing very fastly. It is impossible to have a long term strategy to run a buissness. I would suggest that for every organisation doing buissness, as there is always hav a vision and some rule of that organisation. There is a quality of the product produced. So there must be short strategy to hav a balance between the quality of goods and effect of changing buissness conditions. For this you must hav a dedicated staff workerswho can monitar the conditions of changing econmy and can take rapid actions but the decision must b taken considering the quality of goods/sevices. Can't comprimise with this.

The strategy is such a word which is required for almost any kind of work.

If you are giving any competitive exam you should follow strategy required for different exams as syllabus keeps on changing. Similarly a business strategy is not stable it must keep on changing as per present market situation such as demand of product, cost etc.

In this changing world of competition I don't think a long term strategy would work for any business house. If you want to survive in this tedious world you have to observe the flow of river at all points and then prepare your strategies in accordance to that. As it is very correctly told that in order to prove your excellence in business you need to take instantenous decisions and those who are worth it will win in the long run.

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.