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

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.

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.

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.

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.

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.

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.

According to me strategies should be made in a way that they should be so flexible that can be fitted each and every kind of situation.

If we have to survive in the changing market than we need tom implement those policies or strategies according to the situation.

Hello Friends,

As per my opinion we always need to make strategy let the world to be fickle. We should think all the possibilities that may result next year and according to each possibility we need to make plans which ranges from favorable to unfavorable conditions.

Business is something that you can't run without any strategy. A perfect strategy and solid execution can only keep anyone on the competitive map. This does not mean that strategy once made should not have any changes introduced to it. It should be flexible enough to meet the changes that come from month to month in the world. Any business is considered to be successful only when it meets all its consumer demands, so the plan should allow adoption of latest and most efficient technology.

If profit maximization is the goal of business so is customer satisfaction. To meet the twin goal and get a win win situation for customer and business strategy are required to be well defined. Although the worlk is changing every moment so that the strategy to deal with the situation should be situational. It should see the long term as well well short term and very short term objectives.

This a a complex matrix and getting the best possible solution is the profit maximum.