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

YES this statement is correct. According to me business strategy is the base of any business. We all know that today the competition is very tough in the market for any business whether business is on local, national and international level. In this ever changing world if you don't have systematic strategy then you cannot stabilize your business over long time. And one more point to consider when we talk about the strategy, strategy is always according to changes in today not on previous techniques. I think growth of any business is directly proportional to the strategy.

I will also place my point in this wonderful topic, as per my point of view the any of the organization stands in the market, because of the good strategies. Without making strategy functions can not be run for long time.

Moreover as the catch point here is world is being changed, so the old strategy can not be applied in every function. And if we will not make the new strategy with so many transforms, than it is very difficult to adopt the new systems by the people with outdated strategies, so the strategies must be updated with time to time as per changes done.

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.

Strategy is a plan for achieving objective. Strategy is made after the Objective is fixed. Every Business Organisations whether it is small or large organisation needs to form a Business Strategy. It is true that the world is changes month to month. So long term Strategy is not useful but then also we need to make Strategy, but is should be flexible. It can be change whenever market is change.

Every work has some reason like that every business has a objective.

And like that we want to do plan for every work like that every business has to make Strategy.

Strategy is must for a business to prosper in this competitive business world. without strategy no business can survive. No matter whether world is changing either month by month or hour by hour but chalking out plans and their execution in the long run is must for any sort of business. Plans must always be adoptable to changes. Planning as a function of management is time consuming for sure but well planned strategies are the one which makes a business to survive in the long run irrespective it takes time to plan out the policies.

Business strategies are like ERP packages. They need to be upgraded and customized from time to time. The concept of change management conveys us to run with the world otherwise the organization will loose the race of cutting throats. who says you need to have a long term strategy? If the world is changing from month to month , you develop a habit of making monthly (Short term) strategy. Ultimately you have to keep your plan ready whatever may be the situation of the world. so the topic of discussion is merely an excuse.

Business strategies are like ERP packages. They need to be upgraded and customized from time to time. The concept of change management conveys us to run with the world otherwise the organization will loose the race of cutting throats. who says you need to have a long term strategy? If the world is changing from month to month , you develop a habit of making monthly (Short term) strategy. Ultimately you have to keep your plan ready whatever may be the situation of the world. so the topic of discussion is merely an excuse.

Yes we do need strategy there is a need for strategy not one but we should have many back up strategies as one may work and other may not we have to keep a pace with the world we should understand where and how we are going wrong if our strategy fails we should learn from our mistakes and should imply a new strategy every time so that we don't repeat the same mistakes again and again.

So yes as time changes every moment every second in the same way even our strategy has to be change according and from time to time.

In today's dynamic world, no business can sustain. So it has to adapt itself to the changing environment and for that the strategies should be such that they are flexible and can be modified when the situation so demands.

For instance, technology is changing at a fast pace so in such a situation the company should develop a long term technology strategy while remaining flexible enough to take advantage of unforeseen technology developments!

So I conclude by saying that no business can do without the strategies!

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.