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

In today's dynamic world, no business can sustain. So it has to adapt itself to the changing environment and for that the strategies should be such that they are flexible and can be modified when the situation so demands.

For instance, technology is changing at a fast pace so in such a situation the company should develop a long term technology strategy while remaining flexible enough to take advantage of unforeseen technology developments!

So I conclude by saying that no business can do without the strategies!

Hello,

I think strategies are what keeps an organization alive and outstanding. They are the shields which protect an organization from competition. But in this rapid changing world business strategies also have to undergo changes accordingly. They should be altered based on.

-->Data.

-->Profit.

-->Customer satisfaction.

Yes I agree with this statement. Though the world is changing day by day but if there is no business strategy then you cannot cope with the changing world. The business strategy strikes the mind of the employ working with the firm about the goal of the company and encourages them to deal with the changing world.

If you do not have any strategy the you will be a blind player in the market with no base. Strategy should be changeable but present for proper working condition within a firm.

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.

Business strategies should be made in consideration with today's changing world. Definitely adopting a strategy helps in one's business growth as it provides it an organized way to do business tasks. Without a strategy a business is more likely to fail in long term even if it has a stable start in the beginning.

The strategies are not set up overnight. It involves expertise, study, observations analysis, Market research and so on. Everything have been studied well and then depending on the results and the expected future scenario, the strategies have set up.

Ultimately, if anything changes overnight, there are certain things that has been adopted or give up as per the situation demands. This does no means that with changing scenario one should changes the strategies. Strategies plays a role for long run.

Irrespective of Global changes, I believe that strategies always protects from any such harms. So yes, one should not suppose that the strategies are worthless which are supposed to change with each market scenario. Rather to work more hard on it so that it will protect from the same.

Hi Friends.

Business Strategy works at the very core of an organisation and s responsible for the propagation and expansion of a business.

Business Strategy is a result of a whole lot of research, observation, analysis, study and expert advises. It is the anchor that forewarns an organisation about the impending market situations and helps out the firm during tough times.

The very changes that occur and make the market change continuously are itself results of long term business strategies.

So however dynamic the market can get, Business Strategies will never lose their importance.

YES this statement is correct. According to me business strategy is the base of any business. We all know that today the competition is very tough in the market for any business whether business is on local, national and international level. In this ever changing world if you don't have systematic strategy then you cannot stabilize your business over long time. And one more point to consider when we talk about the strategy, strategy is always according to changes in today not on previous techniques. I think growth of any business is directly proportional to the strategy.

Yes, following a particular business strategy is must to face the new challenges of business environment. Global consultancy company may help in great way by suggesting new process engineering and management tricks based upon time tested theories like DFSS, Lean theory, Triz theory or others.

To go on a trip in vacations we start planning before 4-5 months that how is the place, where we stay, what we will see. So, for a simple trip if we plan strategies that is also tentative than to run a business how can we ignore such a crucial step of planning.

A business can be start by an idea but to make it successful we have to plan strategies step by step. But strategies in today world's should be a amalgamation of both rigidity and flexibility.

Rigid in the core working such as its completion of targets in making, maintaining the overall turnover but should be flexible in some planning changing according to the demand of the consumer, improving it sales, increasing production.

As universally define change is the law of nature so the strategies should be as the time passes the companies should make some changes in their strategist to compete the present market but at the time should also maintain their core strategies remain unchanged on which their company stand.