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

Developing a strategy itself means, planning for now and future by anticipating future trends. A good R&D team is must for organizations to forecast future and come with the strategies which will help them to perform better in changing world. Further we have no choice but to make strategies now.

Constantly changes has to be done in all type of industries manufacturers, service sectors then only they can sustain in the market. In service industries it has to be like daily strategy they has to use to retain or for the new customer.

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.

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.

The topic is very awesome. ! From my point of view every business needs strategies to defence the regular uncertainities. In this word every business or firm are tottaly depends on their customers. If any change recorded by an firm so definately they have need to plan to walk out from that particular situation. But the very important thing in business is to vigil market taste. What dere customer actaually demanding. This is the main rule ''if fail to plan it means you plan to fail''.

Hi friends, according to me there are too many strategy to grow up the business. As like we know very well that business is always depand on consumers if consumer is happy than than your business is always grown up. Than first think about how to consumer happy. Most of the businessman always think about profit than result is initially perhaps he earned profit but if he did not attention on consumer facility than his business after sometime going on loss. But if first he thought about consumer facility than thought about profit than perhaps his business initially going on not too much profit but after sometime consumers are fully satisfied than I am sure his business is always going on profit. That is universal strategy to grown up the business.

Now we want to attention the consumer than we must upgrades the market new products and his prices as suppose if your company makes a product and that product cost is least in the market and it is greatest efficient but after sometime a another company comes with lower product price and greater efficiency than you must upgrade that information and decrease your profit and increase the efficiency to maintain your market.

That is the main business planning when world are changes from month to month.

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.

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.

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.

Be it a company or an individual, Strategy is a way to achieve the goal. In ever-changing conditions or dynamic market, strategy of using Scenario Planning helps us improve our competitive position based on each and every move of the competitor.