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

Hello friends.

In my opinion business strategy doesn't mean permanent business strategy. Always there should be a strategy for any important step in our life, why not in this very important field where we are going to invest our so much man and money?

Although it is true that in today's environment the market is changing day-by-day so we have a lot of problem in making the business strategies. That is the reason now a days some instant plans are made even by lower management authority at the instant according to the position of the market. It is also true that according to today's market condition the parallel management strategy is suitable.

Yes I agree to the point that world is changing everyday but it doesn't mean that we should not make strategies because these day to day or month to month strategies may change our short term plans but we need a direction and some guidelines which will dictate our short term plannings and thats where long term planning comes into the picture because these long term planning will be the backbone for our short term strategies and will guide them in a particular direction, And without long term planning any organization can't be successful. So we need to make strategies but at the same time we need to change them in short term according to market.

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.

According to my point of view, to understand the meaning strategy is very important for any entrepreneur or any businessman because the 50 % of the whole business depends upon the basic market strategy and marketing awareness it's actually a part market strategy.

Without working on market strategy or any plans for your product or business may be you will get in trouble any you actually pay more money you have to use your intelligence you have to now who is your customer And which customer I should call. If the market change day by day you have to build hours by hours strategy for your business.

Thank you.

Hello everyone!

I believe that a business strategy is the backbone of any business. Business strategy is the driving force of any company; it gives a goal for any company.

A flexible business strategy is should be made by the company with the view of the current market changes.

A business should always look for growth and profit, if there is change in the market which has a potential profit for the company the strategy can be modified accordingly.

With that I want to say that the adaptability of the company to the changing market should be the main ingredient for success of any company in the market!

Hello everyone,

Yes, of course. I think that a business strategy is of utmost importance as for any business to work a proper planning has to be and should be done. For example, if we consider an FMCG company then we can see that the production is done by such a company solely depends on upon the forecasted demand which is actually a virtually evaluated value and such calculations that are done are a part of the strategy of a business only.

And even with the world changing from month to month, the business strategies can be modified in such a way that it maximizes the profit of the business. :)

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.

Anything which is constant in this world is the "change", and so is the case with the market in the present scenario. But when it comes to designing a strategy by a company towards launching of a new product or foraying into the different market etc, it aims towards the long term goal. Designing a strategy involves preparing a competitive intelligence report that shows the present market position of the company by doing SWOT, PESTLE and PORTER 5 force analysis, which is very important for long term sustainance of the company, irrespective of the market changes which are short term in nature.

Hi Friends.

Business Strategy works at the very core of an organisation and s responsible for the propagation and expansion of a business.

Business Strategy is a result of a whole lot of research, observation, analysis, study and expert advises. It is the anchor that forewarns an organisation about the impending market situations and helps out the firm during tough times.

The very changes that occur and make the market change continuously are itself results of long term business strategies.

So however dynamic the market can get, Business Strategies will never lose their importance.

Though the world is changing from time to time which is inevitable and is following laws of nature it is as important to have the strategy for a business as a shell for a nut.

Let me illustrate this by an example Suppose I want to be the best seller of a product in the market, this is my objective. To accomplish this objective my strategy is to give the best quality at affordable rates.

But parameter changes with time like raw material cost, labour, demand, market condition, govt policies, etc.

But my strategy remains same and step to implement strategies keeps on changing.