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

In my view a business should change its strategy according to the changing world. After all the main motive of the company is earn profit. As their are changes in society so according a firm has to change its goals, objectives, its advertisement strategy. For eg. Take a computer firm which designs a software according to change in society its also changes it stragegy for develpoing the software.

Strategy is a kind of business plan which is not static, but its dynamic as it is varying with time as per customer demands.

Strategy is needed to start work in particular direction. Otherwise no one who is doing business is unidirectional, but with the demand it needs to be upgraded or modified. As the main function of any business is to get profit. So mainly it should varies as per customer or market expectations.

So Strategy is needed in business but it should not be rigid.

Business strategy changes from time to time. In a competitive world like India, in order to survive every business has to make ammedments with its policies and functionality. Profits are the main motive of any business. World is changing which means changes are seen at every stage and in order to move with the changing customers demand, a business is requires to make ammendments with its strategy.

I am agree that a business strategy should be change month to month but one thing should be common that "needs". Needs will constant. As example for petrol price. Petrol price are increasing day to day but needs are same. So strategy should be in a such way that we can fulfill customer's demand as well as needs. A successful strategy has some aspect like a fix goal, feasibility, low labour and high output. So strategy in a such way that fulfill present demand as well as future needs also.

Yes in my opinion strategy making is very important for any buisness.
Earning profit should be the main motive and also to satisfy customers needs to have fruitful results.

In my point of view, Strategy in business is must for developing the business to next stage. Strategy is nothing but a course of action that every business should attain there long term goal. Strategy of a business should be in such a way it should be flexible enough to adapt itself for current business scenario which is very important to develop the business foer current trend. So, finally I can say that strategy is very important to acheive the heights in competeting business world.

A good business strategy should cover the various aspects that contribute to the success of the concerned business. The goals, objectives, feasilbily, constranints (time, labour, finance, tecnology) , the scope, potential, profit and the various risks involved.

Only a foolish king would have headed for a war without strategy. The world changes. Sure thing. People Change too. But not their needs.

A sytematic approach to anything will take us on the path of success. It also allows us identify any mistake or error made by us quickly.

Making and Following a business strategy definitely involves hardwork and being disciplined. But it is a sure-shot path to success.

An ad-hoc approach could lead to stress & unhealthy lifestyle.

Change is always evident. If the answer to the above question is no then no computer manufacturer would profit in this world because the technology is changing constantly.
Obviously strategy is required. Strategy itself needs to be devised in such a way that takes care of the factors that changes the nature of business. Expansion and developments in derivative markets and risk management is a brilliant example.

Change that concerns business are of two types : Risks and Uncertainities
Uncertainities cannot be quantified and it is very difficult to devise strategies to perfectly insure the uncertainities.
Risks can be quantified based on the past observations and hence can be managed by devising proper strategies.

I am agree with my all friend any bussiness required strategy without strategy we could no able to run a bussiness in long turn, Running bussiness without strategy is like a gambling.

Agreed that the world keeps on changing everyday but the needs of the changing world stay static over a period of time and businesses aren't a one day story. They say Rome was not built in a day, and so isn't an empire established in a days time. Planning behind anything we do and everything we do is equally important as is reaching the goal. Strategies, though are devised in the present and are expected to work for an unpredictable future are still essential to calculate the progress in the desired direction and if bridge the gap from the expected to the actual results in case of deviations. Strategies are like an being armored getting into the war called business. It doesn't guarantee you will survive the battle but it assures that the injuries would be less and infrequent in addition to providing you a chance to defend yourself with slight dynamic changes in the strategies for survival. Of course, plan B and if required plan C as backup is always advisable.

However, if we think of going ahead without a preplanned business strategy (or for that matter strategy or planning in anything we do), we will need to look for a similar alternative which will yield results in the long run and be flexible enough to mend with the changing world, day in and day out. Failure in finding the alternative will certainly land us (and the business) in high risk and even great losses as preplanned strategies provide an edge over others without one, and makes the roadway to success visible and achievable.