Is there any Point in having a Business Strategy when the World changes from Month to Month?
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106 comments Page 8 of 11.
Krashikumar said:
1 decade ago
Absolutely very important. What is strategy ? To put it very simple its chalking out the whole plan, then designing its execution, assessing its profitable aspects and preparing for any untoward hiccups if they happen, that is planning with a long term objective but meeting out the immediate demands.Fluctuation in market is a constant pheonomenon, but outcasting strategy for that matter is a silly notion.
(8)
Rakesh singh said:
1 decade ago
Just to add to the points above, a business cannot run without an effective plan and strategy. Though the market is changing from month to month the main reason behind a strategy is to predict those changes and stay on top of them. I agree that there will always be some changes and that's why a strategy should be adaptable and should be reviewed from time to time to inculcate the changes in the market.
(24)
Rohan said:
1 decade ago
A business strategy relates to the future forecasting of the business and its advantages and problems that lie ahead. With a proper planned business strategy. With well defined values n vision n mission. A firm can excel in thier field for sure. So thus business strategy is very important even though the changes taking place. Business plans and strategie can be modified seeking a change in the future.
(1)
Anudha said:
1 decade ago
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.
(4)
Priya said:
1 decade ago
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.
(3)
Poonam pal said:
1 decade ago
Ya according to me business strategy is must in any type of business no matter it is small or large, but if someone works without strategy that means he want to fly in sky without any type of flying tool and its impossible, so if anyone want to succeed in business so first requirement is keen observation and after that well planning and I m sure that the result is always in increasing graph.
(4)
Aufiyan said:
1 decade ago
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.
(4)
Neeraj said:
9 years ago
Yes, it's necessary to have the strategy because without planning you cannot reach the goal. This is just like sports in which every moment you have to strategy and skills parallelly. Taking an example of Jio sim first spread with free usage, created addiction among customs. Now Jio gets popular and near about flopping all rival companies. From this, I must say the strategy is a necessity.
(11)
Poonam said:
1 decade ago
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.
(3)
Hari said:
9 years ago
Business strategy is very important in the present day world. A Business without a strategy is like a ship without navigation system. So to control the business and have good success in the market the business strategy should change according to the market requirements and consumer desires. For any business to be successful they must a strategy which is changing according to the world.
(21)
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