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

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.

Strategy be made in order to the culture and market economy of a country, in fact strategy is a key role in any kind of business, strategy once set is set, that in fact increases customer's confidence, then there is really no need of the strategies to get altered based on the trends. Trend is temporary, strategy is permanent. Once set is set. Only thing to be kept up is customer's beliefs.

Hi friends, according to me there are too many strategy to grow up the business. As like we know very well that business is always depand on consumers if consumer is happy than than your business is always grown up. Than first think about how to consumer happy. Most of the businessman always think about profit than result is initially perhaps he earned profit but if he did not attention on consumer facility than his business after sometime going on loss. But if first he thought about consumer facility than thought about profit than perhaps his business initially going on not too much profit but after sometime consumers are fully satisfied than I am sure his business is always going on profit. That is universal strategy to grown up the business.

Now we want to attention the consumer than we must upgrades the market new products and his prices as suppose if your company makes a product and that product cost is least in the market and it is greatest efficient but after sometime a another company comes with lower product price and greater efficiency than you must upgrade that information and decrease your profit and increase the efficiency to maintain your market.

That is the main business planning when world are changes from month to month.

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.

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.

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.

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.

Hello.

In this competitive world, the marketing strategies is must for business.

Customers are our boss, so we need to satisfy the customer needs then only we can sustain in the market in this competitive world.

Another one is profit, this is also one of the important factor in this competitive world.

Thank you all.

Business strategies are like ERP packages. They need to be upgraded and customized from time to time. The concept of change management conveys us to run with the world otherwise the organization will loose the race of cutting throats. who says you need to have a long term strategy? If the world is changing from month to month , you develop a habit of making monthly (Short term) strategy. Ultimately you have to keep your plan ready whatever may be the situation of the world. so the topic of discussion is merely an excuse.

Business Strategy is actually a study of integrating Business Plans of different departments that individually leads to the same goal of making profit.Thus in equation we can write:
Plans(Operational+Financial)of Purchase Department
+Plans(Operational+Financial)of Production Department
+Plans(Operational+Financial)of Quality Department
+Plans(Operational+Financial)of Accounts Department= Business Strategy of Whole Organisation in terms of profit.
So Business Strategy is important for integration