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

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.

Hello everyone as my point of view for best business and success in business should need ultimate focus on consumer demand and also seek competitor strategy. And think creative maintain relation with customer work on the basis of customer preference.

Business strategies are basically meant to be followed in the initial stage of starting a firm or an organization. Once the firm has been set up, one has to act spontaneously to the various kinds of situations like an artist acts spontaneously in a skit. With the huge range of changes going one has to be very thoughtful in acting adeptly to the given situation. No big entrepreneur is made by totally following the ethics completely.

The first step before starting or running any business is strategy. Planning is the utmost important task and should never be missed out. The plans should have a vision and the strategy/approach to achieve it.

Strategies need to dynamic, as per the needs of market and business. Also, the strategies once laid down can be used in different business scenarios as well. What we need to do is define their scope.

One can also expand over the current strategies. One strategy can stand as the base for another one.

Few strategies always stay for eg. Cost control, produce good quality items. There are varied type of strategies as well. For eg. Ones to adapt in times of crisis, handle risks.

Hi Everyone, In today's environment change is the only constant thing and in any business, strategy is the most essential element to achieving the end objective or goal. Planning is the foremost step in any management cycle and it is in this step that the activities and tasks for the next steps are laid out. That said, Scope management is something that one has to account for when formulating a strategy, for the scope might change. A plan has to be flexible to accommodate any change in the course of the cycle and there should ideally be reserved kept aside for that. Those are the qualities of a good plan, else if there was no change and everything was so static, so once the plan was made, any one can carry out the activities and run the company. So planning and strategics remain the essential and core element of any business.

According to me we can't ignore the power and benefit of strategy, Is anything is achievable in absence of goal and planning? If it is achieved it can't be sustain for long run because it was a result of luck not effort. It is not a new thing that changes are happening change is real and life and everything is changing with time. We have to devise our strategy in two way approach; first one is to form a long term strategy which keeps business goal and objective in mind based on customer needs which never changes and next approach is to form a short term strategy that has to be very dynamic and flexible to align with day to day changing scenario.

In my view without strategy, doing any business is like a blind folded game where the energy and efforts are wasted to test the luck.

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.

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.

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.

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.