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

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.

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.

Constantly changes has to be done in all type of industries manufacturers, service sectors then only they can sustain in the market. In service industries it has to be like daily strategy they has to use to retain or for the new customer.

Hello Friends,

As per my opinion we always need to make strategy let the world to be fickle. We should think all the possibilities that may result next year and according to each possibility we need to make plans which ranges from favorable to unfavorable conditions.

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.

First of all I would to say thanks to all my friends. It is good to appreciate that we get a such topic for discussion.

As per my opinion, a person cannot survive without suitable thought. In the same way business cannot survive and growth without proper business strategy. So we should make plan for success and growth in every situation. We should decide the strategy and make it modify as per changing the market situation. It is good to devote some time consciously every day for the survival and growth. If particular plan is fail then we should think for alternate plan instead of earlier plan which was fail. Most of the organisation they put so much effort to accomplish the business strategy even when they fail in particular plan they did not give up. Therefore we could say business is lifetime commitment and there is no question of the word 'GIVE UP' we should remove the word 'GIVE UP' from our own dictionary. It is only come when we made decision of business strategy.

For the above question, answer is yes. Business strategy is the only tool which you can use against the unpredictable time. As we do not know that what will happen in next 2 month, whether we will get raw material for the production of final goods or not and etc. Are threat to the business. So to avoid all such threat, we go for business strategy in which we prepare our strategy according to market condition & competitor which involve everything from planning to controlling and short term plan to long term plan. Proper business based on accurate prediction will never fail or till some extent it will cover your loss and help you to get edge over your competitor and have a stable growth over the year by keeping happy your staff, management, shareholders, investors, government and society.

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.

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.

Strategy is the much needed thing even in the rapidly changing scenario. Even everyday we make strategy for spending our day to day life so how it is possible that without strategy someone can run organization. Strategy is required but it also require proper evaluation and modification as time changes.