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

Hi Friends, World strategy is changing day by day. To compete this world we must be part of this strategy. Business is the key factor that relates an organization to its success. Since world is changing day by day so we can't rely on existing strategy. But if we make a plan properly and execute strategy according to this plan may be we should not need to change the strategy day by day.

Hi friends,

According to my views, a business can only run if it adopt changes otherwise survival of business is not possible in present era of competition. Business strategy is not static its dynamic in nature it goes change according to demand of customers. In present era business is consumer oriented means what customer demands provide same things. So change in business strategy must be needed for survival of business in competition world.

I think, any business would not succeed in this turbulent market without a robust business plan.

A business plan is important:

1) It is true that market conditions, economic scenario change rapidly, but the motive of a business plan is to read those trends and prepare itself according to the best of its efforts.

2) prepare for any unanticipated contingencies.

3) To decide its target market by way of STP (Segmenting, Targeting and Positioning) strategies.

4) to allocate a company's resources in order to derive the maximum benefit from them.

5) to come up with ways of maximizing profits under changing circumstances.

Thus it would not be wrong to say that a business strategy is a company's modi operandi shaping its fundamentals and defining its key targets, along with enabling it to survive even in the most hostile business environment.

A business strategy is like a blind person's stick which acts as a guide to him.

Hello everyone!

I believe that a business strategy is the backbone of any business. Business strategy is the driving force of any company; it gives a goal for any company.

A flexible business strategy is should be made by the company with the view of the current market changes.

A business should always look for growth and profit, if there is change in the market which has a potential profit for the company the strategy can be modified accordingly.

With that I want to say that the adaptability of the company to the changing market should be the main ingredient for success of any company in the market!

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.

Starting of a business and making profit from it, has huge difference. TO start a business it needs only a capital, but after that to run it it demands.

1. Visionary mind.
2. Creativeness.
3. Quick decision making ability.
4. Proper plannings or strategies.

Business is like a chess game, it requires that every step which going to be taken, has to be reasonable. A wrong step (because of lack of vision) in business can ruin it. But we should keep in mind also that it is impossible to take correct decision always. To overcome that mistake it needs another strategy.

Let's take an example of Sir Jamsetji Tata. He started business with a cotton mill and capital of 21,000/- only. Now none of us is unfamiliar with TATA Group. So was world static ? The answer is simple. All of those stuff which they have, are result of proper strategy of Sir Jamsetji Tata and his descendant.

So the conclusion from my viewpoint is that business without strategy is an attempt of suicide.

I would like to share my views in three points:

Firstly, there is a profit having a business strategy when the world changes from month to month because due to fast modernization new business strategies are also developed and only adoption of these is required to succeed in expanding business.

Secondly, profitable growth of business organisation comes only from the proper business strategy which is required to be innovated by experts.

Lastly, profit is calculated on the basis of business strategy only not on the changes made in the world from month to month so steps should be taken to control and coordinate the efforts of experts by employing employees under the experts.

First of all I would to say thanks to all my friends. It is good to appreciate that we get a such topic for discussion.

As per my opinion, a person cannot survive without suitable thought. In the same way business cannot survive and growth without proper business strategy. So we should make plan for success and growth in every situation. We should decide the strategy and make it modify as per changing the market situation. It is good to devote some time consciously every day for the survival and growth. If particular plan is fail then we should think for alternate plan instead of earlier plan which was fail. Most of the organisation they put so much effort to accomplish the business strategy even when they fail in particular plan they did not give up. Therefore we could say business is lifetime commitment and there is no question of the word 'GIVE UP' we should remove the word 'GIVE UP' from our own dictionary. It is only come when we made decision of business strategy.

A GOOD PLAN LEADS TO A GOOD RESULT.

For every successful business, a good strategy and a creative mind to manipulate that strategy is needed.

That's true that the world is continuously changing and so is the market conditions and the demands. Therefore, for an organization to keep standing successfully in the market, there should be a plan that can be changed accordingly, if needed.

It is essential to have a good plan keeping the future aspects in the mind.

For this, a good vision is needed.

Without a good plan, no organization can lead to a good results.

So the conclusion is this that having a business plan is essential to an organization but the plan should be made by keeping the future market demands and aspects in the mind, only then that plan can give the good results. Also, the plan should be such that can accept the changes i.e. it should not be rigid against the changes.

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.