Is there any Point in having a Business Strategy when the World changes from Month to Month?
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106 comments Page 7 of 11.
Biplab said:
1 decade ago
Strategy is the path towards achieving goal. Without the way how is this possible to reach there? So it should be like a strong backup.
But following the same strategy does not guarantee success, because the market is changing, more competitors are lining up, policies are changing as the world is changing day by day. The strategy has to be updated, it should be that much flexible to sustain in this competitive environment. Otherwise it may even become obsolete.
But following the same strategy does not guarantee success, because the market is changing, more competitors are lining up, policies are changing as the world is changing day by day. The strategy has to be updated, it should be that much flexible to sustain in this competitive environment. Otherwise it may even become obsolete.
(5)
Ramniwas jat said:
1 decade ago
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.
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.
(9)
Anamika said:
8 years ago
According to me, of course, business strategy is required for any kind of business to work smoothly. Business houses need to change its strategy as and when required. Without a strategy, there will be no discipline of work, which will lead to the messy environment which will ultimately affect the profits of the business. Without a business strategy, a business will easily get knocked out by other business in competition in the market. Thank you.
(5)
Govind said:
1 decade ago
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.
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.
(4)
Veronica said:
1 decade ago
Hello friends. My point of view is making a business strategy is good when we start a business but there is nothing fixed. As the technology changes, so do the demands of the people. If the Nokia company continue to sell his N93 at the same price 10,000 or more, do you think anyone will buy it, not at least today when we have smartphones at such a reasonable prices. So business strategy is good but it needs to be updated from time to time.
(5)
Sangram said:
1 decade ago
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.
(4)
Jain said:
7 years ago
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.
So as per my view, having a business strategy become more important when there is changes with a fast pace.
(9)
Sneha said:
1 decade ago
In this changing world of competition I don't think a long term strategy would work for any business house. If you want to survive in this tedious world you have to observe the flow of river at all points and then prepare your strategies in accordance to that. As it is very correctly told that in order to prove your excellence in business you need to take instantenous decisions and those who are worth it will win in the long run.
(11)
Rajeev said:
1 decade ago
Survival and Growth of every business revolve around 2 aspects viz. Customer satisfaction and profitability. In order to achieve these two goals the organization should have a clear business policy and strategy. In the rapidly changing business scenario it is very difficult to adopt a long term strategy. We should frame the business strategy in such a manner that the same could be changed from time to time as situation warrants.
(5)
Mansi said:
9 years ago
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.
Thank you.
(9)
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