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

Yes, it's necessary to have the strategy because without planning you cannot reach the goal. This is just like sports in which every moment you have to strategy and skills parallelly. Taking an example of Jio sim first spread with free usage, created addiction among customs. Now Jio gets popular and near about flopping all rival companies. From this, I must say the strategy is a necessity.

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.

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.

Business Strategy is very important in any business, but it should be made in such a sense that it a modifyable in future.

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.

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.

In global era we need long term and short term both business strategy together because today nothing be static here whether these are govt policies, political system, customer need, economic and social environment. Even we can take the simple example of our personal life in which we make and change decision on every step. So in business where cut throat competition everywhere, in that situation if we want to sustain our self then we have to follow the strategy from ground to top level with day to day focus.

Hi friends we are discussing here about a topic which is most desirable in present business scenario.

So in my opinion business strategy should be market oriented. So that it can be changed according to market situation, and then a firm can get maximum profit even in crucial market situation.

All resources of firm must be used for maximum profit with customer satisfaction.

The planning of business can take a business from bottom to top and vice versa.

Yes, of course. I totally agree with the point that there should b a business strategy. Without planning business would collapse soon as no one would be knowing what to do further. We know that in this globalised world Business environment is dynamic and it changes very quickly due to up gradation of technology. So as 2 remain in the sector corporates need 2 have a diff strategy 2 survive in this competitive world.

Thank you.

As per my perspective, having a sound strategy is imperative for any business especially when there is a dynamic environment with different fast-paced changes. As we all know business is partly reactive and partly proactive, it also enables us to maintain a soundtrack past action and to handle future uncertainty effectively.

So as per my view, having a business strategy become more important when there is changes with a fast pace.