Pankaj said: (Nov 24, 2017)

Hi.

According to me, business strategy is a key of success in any business without this no business
can run for long time and will collapse soon. In present competition era a business man need to be
ready with new plan every time for meeting the customer demand.

Rate this: +3 -0

Manav said: (Aug 27, 2017)

According to my point of view, to understand the meaning strategy is very important for any
entrepreneur or any businessman because the 50 % of the whole business depends upon the
basic market strategy and marketing awareness it's actually a part market strategy.

Without working on market strategy or any plans for your product or business may be you will get
in trouble any you actually pay more money you have to use your intelligence you have to now who
is your customer And which customer I should call. If the market change day by day you have to
build hours by hours strategy for your business.

Thank you.

Rate this: +5 -2

Neeraj said: (Aug 12, 2017)

Hi Guys,

As we all know that world is transforming rapidly in front of us where there is more and more need
to keep focus on the work procedure to gain something in the business life. Making strategy is a
way to achieve target in the business. Without any strategy we can not expect even average
positive result in our hands. We all are aware that when we talk about development of the country
so we talk about the people of the nation and if people are doing well it means each one is able to
do his/her best to the task so business is nothing but part of the nation where there is more & more
need of making proper strategy so that each one can handle the situation well.

Let me explain a true story of my friend's family so that I can give you better display of importance
of the strategy in our work place. Actually that family was quite poor just two years ago but now
that family is a rich family and when I saw so I was extremely happy seeing that and now they are
rich not only with the money but also their behavior I tried to ask the hidden formula and they told
me that we have changed our planing to achieve the things that's why now we are changed in the
society.

So with the help of strategy we use to modify ourselves to gain more and more benefits.
 Rate this: +10 -3

Anamika said: (Jun 23, 2017)

According to me, of course, business strategy is required for any kind of business to work
smoothly. Business houses need to change its strategy as and when required. Without a strategy,
there will be no discipline of work, which will lead to the messy environment which will ultimately
affect the profits of the business. Without a business strategy, a business will easily get knocked
out by other business in competition in the market. Thank you.

Rate this: +3 -3

Imran Khan said: (Oct 11, 2016)

Without business strategy a company would be analogous to a human body without a brain i.e it
would be directionless. Yes, it is true that today the world is changing very rapidly so do our
business strategy should change to acclimatize with it. And this would be possible with the use of
technology such as digital marketing, big data as a service (BDaas) etc. Today many companies
uses this technology to get the valuable trend, perception about the consumers, competitors etc
which helps them to formulate their strategy. For example, Amazon with the use of data analytics
collects data of every customer who visits the website based on past trend of that particular
purchases amazon shows related products. In this way, it can be said that only constant is change.

Rate this: +20 -2

Hari said: (Sep 28, 2016)

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.

Rate this: +17 -5

Mayur said: (Sep 24, 2016)

Hello everyone,

"Failure to Plan is Planning To Fail" The World Changes every now and then but that doesn't mean
we should leave it without Planning. The Rapid industrialization with advanced technologies getting
 things easier has to lead to the change in work culture & Management Systems helping to get the
work done Efficiently in Time has been the trend of the market. For Achieving Anything we should
have a Strategy and for Achieving the Goals of the Company We should have a Business Strategy
because we would be coming across various Analysis while framing a Business Strategy giving us
an Idea of the Forth Coming Scenarios. So from my Perspective A Business Strategy is Foremost
Important in a Business Cycle combined with Transitional Changes.

Rate this: +19 -2

Megha said: (Sep 22, 2016)

Hello everyone,

Yes, of course. I think that a business strategy is of utmost importance as for any business to work
a proper planning has to be and should be done. For example, if we consider an FMCG company
then we can see that the production is done by such a company solely depends on upon the
forecasted demand which is actually a virtually evaluated value and such calculations that are
done are a part of the strategy of a business only.

And even with the world changing from month to month, the business strategies can be modified in
such a way that it maximizes the profit of the business. :)

Rate this: +7 -0

Neeraj said: (Sep 14, 2016)

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.

Rate this: +9 -1

Yunus said: (Jul 28, 2016)

As per my thought, Strategy is a plan for achieving objective.

Rate this: +6 -20

Sujay said: (Jul 23, 2016)

The strategy is such a word which is required for almost any kind of work.

If you are giving any competitive exam you should follow strategy required for different exams as
syllabus keeps on changing. Similarly a business strategy is not stable it must keep on changing
as per present market situation such as demand of product, cost etc.

Rate this: +12 -3

Mansi said: (Jul 5, 2016)

Yes, of course. I totally agree with the point that there should b a business strategy. Without
planning business would collapse soon as no one would be knowing what to do further. We know
that in this globalised world Business environment is dynamic and it changes very quickly due to up
gradation of technology. So as 2 remain in the sector corporates need 2 have a diff strategy 2
survive in this competitive world.

Thank you.

Rate this: +9 -4

Vinesh said: (Jul 4, 2016)

Though the world is changing from time to time which is inevitable and is following laws of nature it
is as important to have the strategy for a business as a shell for a nut.

Let me illustrate this by an example Suppose I want to be the best seller of a product in the market,
this is my objective. To accomplish this objective my strategy is to give the best quality at
affordable rates.

But parameter changes with time like raw material cost, labour, demand, market condition, govt
policies, etc.

But my strategy remains same and step to implement strategies keeps on changing.

Rate this: +24 -0

Priyanka said: (Feb 2, 2016)

A business is a field of strategies without planning business does not exist without proper planning
business may undergo big loss. To overcome risk and losses business must plan and it must go
according to plans of the business so in business field, we have separate department called
 research department if any changes in technology or in the market they will take care of it.

Rate this: +2 -6

Shilpi said: (Feb 20, 2015)

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.

Rate this: +19 -1

Bmgindia said: (Mar 20, 2014)

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.

Rate this: +3 -2

Poonamverma said: (Mar 7, 2014)

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.
 Rate this: +38 -3

Shantanu Ghosal said: (Mar 4, 2014)

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.

Rate this: +4 -2

Rohit said: (Feb 26, 2014)

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.

Rate this: +3 -0

Manoj Majumdar said: (Feb 24, 2014)

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.
 Rate this: +2 -1

Rajeev said: (Feb 24, 2014)

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.

Rate this: +5 -1

Saurabh said: (Jan 29, 2014)

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.

Rate this: +14 -2

Aluri Sravani said: (Jan 29, 2014)

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.

Rate this: +7 -1
Richie Khaneja said: (Jan 16, 2014)

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!

Rate this: +5 -2

Ashish Katariya said: (Jan 15, 2014)

To my opinion yes, we surely need business strategies in the business, even when the world
changes from month to month.

It is simple since we were young, we were always asked to prepare regularly and in a planned
manner for our exams at school & colleges, then why not now?

Strategies, help us setting goals, knowing the outcome, we can understand where we lie, where
we need to reach.

Customer attraction methods can be studied upon, working in a particular manner even for a very
little time, keeps the firm, or the employees of the firm together as a team and gives them a correct
direction.

As far as changing World in concerned, strategies can be revised, without hindering the final goal,
methods can be changed for the same outcome.

Changing market or World, is a benefit, for you can use this as an opportunity for doing something
new & innovative.

So strategies made with with flexible minds will always be better to compete in this global
economic World.

Rate this: +15 -2

Shweta said: (Jan 7, 2014)

I will also place my point in this wonderful topic, as per my point of view the any of the organization
stands in the market, because of the good strategies. Without making strategy functions can not be
run for long time.

Moreover as the catch point here is world is being changed, so the old strategy can not be applied
 in every function. And if we will not make the new strategy with so many transforms, than it is very
difficult to adopt the new systems by the people with outdated strategies, so the strategies must be
updated with time to time as per changes done.

Rate this: +20 -2

Mangai said: (Dec 4, 2013)

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.

Rate this: +4 -9

Harmeet said: (Nov 20, 2013)

Hi friends.

I am very glad to speak about this topic.

Yes I agree that world is changing from month to month, but I just want to ask you a question does
a knight comes in a battle field without shield, even he does not know from from where enemy will
attack him. Business strategies are like that shield, although world is changing but strategies are
important.

We have so many different scientific methods of forecasting, we can make our strategies based on
that data. Strategies should also be on ethical basis so any change in government policies would
not affect our strategies.

But as we know that every coin has two sides. We can't neglect the chances of any change so we
should be prepared to make necessary changes in our strategies.

Rate this: +57 -2

Rakesh Singh said: (Nov 5, 2013)

 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.

Rate this: +24 -3

Veronica said: (Oct 25, 2013)

Hello friends. My point of view is making a business strategy is good when we start a business but
there is nothing fixed. As the technology changes, so do the demands of the people. If the Nokia
company continue to sell his N93 at the same price 10,000 or more, do you think anyone will buy it,
not at least today when we have smartphones at such a reasonable prices. So business strategy is
good but it needs to be updated from time to time.

Rate this: +5 -8

Abhay said: (Oct 11, 2013)

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.

Rate this: +3 -3

Reddykiran said: (Oct 9, 2013)

Good morning friends.

I feel a perfect strategy is essential in this competitive world to sustain for a long period. A strategy
should be made by keeping dual goals in mind.

1. Profit.
2. Customer satisfaction.

This can achieved by optimized use of resources.

 Rate this: +28 -5

Saumitra Pathak said: (Oct 2, 2013)

Hello Fiends,

According to me, strategy should be updated timely. Because every one requires capital to start a
business but to run a business, there should have a proper strategy. A strategy is not a one time
work, it needs to be updated timely to face the current changes in the market. For an example, The
strategy of Apple incorporation was to provide one Smartphone in a year but due to facing high
competition from Samsung, it needs to change their strategy.

The basic of a successful strategy is that it should be properly revised within a reasonable time.

Rate this: +31 -1

Jagadish Prasad Yadav said: (Sep 25, 2013)

Business without strategy is something like body without soul, without a proper strategy it's next to
impossible for an organization to succeed in this competitive world. Strategy is the path way which
guides the organization towards its goal.

Now coming to the point as we know change is constant and rest all changes. This is the change
which brought many innovations to this world, if we don't change our strategy with the changing
world then it may land up with something unexpected.

A company's actual strategy should be partly planed and partly reactive to the changing
circumstances. There should always be contingency strategy to face the uncertain challenges.

PLANED OR INTENDED STRATEGY + ADAPTIVE REACTIONS TO CHANGING

CIRCUMSTANCES = ACTUAL STRATEGY.

Rate this: +24 -0

Kranthi said: (Aug 23, 2013)

For any Business organisation, strategies are essential. These strategies must be adaptable and
flexible with changing market. A good strategy leads to a good result. Of course, all plans might not
lead to success, but surely help in improving our existing strategies. Strategy formulation is
inevitable for any organisation to succeed in this competitive era.

A plan can lead us to the next step of our goal. So, if goal is our destination then good strategies
are steps to reach it.
 Rate this: +10 -3

Deeksha Saxena said: (Aug 17, 2013)

A GOOD PLAN LEADS TO A GOOD RESULT.

For every successful business, a good strategy and a creative mind to manipulate that strategy is
needed.

That's true that the world is continuously changing and so is the market conditions and the
demands. Therefore, for an organization to keep standing successfully in the market, there should
be a plan that can be changed accordingly, if needed.

It is essential to have a good plan keeping the future aspects in the mind.

For this, a good vision is needed.

Without a good plan, no organization can lead to a good results.

So the conclusion is this that having a business plan is essential to an organization but the plan
should be made by keeping the future market demands and aspects in the mind, only then that
plan can give the good results. Also, the plan should be such that can accept the changes i.e. it
should not be rigid against the changes.

Rate this: +8 -2

Triples Sss said: (Aug 17, 2013)

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.

Rate this: +3 -3
Harshika said: (Aug 16, 2013)

I would like to share my views in three points:

Firstly, there is a profit having a business strategy when the world changes from month to month
because due to fast modernization new business strategies are also developed and only adoption
of these is required to succeed in expanding business.

Secondly, profitable growth of business organisation comes only from the proper business strategy
which is required to be innovated by experts.

Lastly, profit is calculated on the basis of business strategy only not on the changes made in the
world from month to month so steps should be taken to control and coordinate the efforts of
experts by employing employees under the experts.

Rate this: +2 -7

Babai Nandi said: (Aug 1, 2013)

Starting of a business and making profit from it, has huge difference. TO start a business it needs
only a capital, but after that to run it it demands.

1. Visionary mind.
2. Creativeness.
3. Quick decision making ability.
4. Proper plannings or strategies.

Business is like a chess game, it requires that every step which going to be taken, has to be
reasonable. A wrong step (because of lack of vision) in business can ruin it. But we should keep in
mind also that it is impossible to take correct decision always. To overcome that mistake it needs
another strategy.

Let's take an example of Sir Jamsetji Tata. He started business with a cotton mill and capital of
21,000/- only. Now none of us is unfamiliar with TATA Group. So was world static ? The answer is
simple. All of those stuff which they have, are result of proper strategy of Sir Jamsetji Tata and his
descendant.

So the conclusion from my viewpoint is that business without strategy is an attempt of suicide.

Rate this: +44 -3

Ramniwas Jat said: (Jun 20, 2013)

Hi friends we are discussing here about a topic which is most desirable in present business
scenario.

So in my opinion business strategy should be market oriented. So that it can be changed according
 to market situation, and then a firm can get maximum profit even in crucial market situation.

All resources of firm must be used for maximum profit with customer satisfaction.

The planning of business can take a business from bottom to top and vice versa.

Rate this: +9 -2

Chengappa M said: (May 25, 2013)

Hello everyone!

I believe that a business strategy is the backbone of any business. Business strategy is the driving
force of any company; it gives a goal for any company.

A flexible business strategy is should be made by the company with the view of the current market
changes.

A business should always look for growth and profit, if there is change in the market which has a
potential profit for the company the strategy can be modified accordingly.

With that I want to say that the adaptability of the company to the changing market should be the
main ingredient for success of any company in the market!

Rate this: +24 -4

Pallavini said: (May 1, 2013)

I think, any business would not succeed in this turbulent market without a robust business plan.

A business plan is important:

1) It is true that market conditions, economic scenario change rapidly, but the motive of a business
plan is to read those trends and prepare itself according to the best of its efforts.

2) prepare for any unanticipated contingencies.

3) To decide its target market by way of STP (Segmenting, Targeting and Positioning) strategies.

4) to allocate a company's resources in order to derive the maximum benefit from them.

5) to come up with ways of maximizing profits under changing circumstances.

Thus it would not be wrong to say that a business strategy is a company's modi operandi shaping
its fundamentals and defining its key targets, along with enabling it to survive even in the most
hostile business environment.
 A business strategy is like a blind person's stick which acts as a guide to him.

Rate this: +19 -1

Govind said: (Apr 29, 2013)

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.

Rate this: +4 -0

Poonam said: (Apr 23, 2013)

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.

Rate this: +3 -1

Sharat Kumar Malick said: (Apr 12, 2013)

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.

Rate this: +4 -2

Priya Choudhary said: (Apr 7, 2013)

 Business is something that you can't run without any strategy. A perfect strategy and solid
execution can only keep anyone on the competitive map. This does not mean that strategy once
made should not have any changes introduced to it. It should be flexible enough to meet the
changes that come from month to month in the world. Any business is considered to be successful
only when it meets all its consumer demands, so the plan should allow adoption of latest and most
efficient technology.

Rate this: +8 -0

Aditya S said: (Mar 28, 2013)

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.

Rate this: +3 -2

Yash said: (Mar 26, 2013)

According to me strategies should be made in a way that they should be so flexible that can be
fitted each and every kind of situation.

If we have to survive in the changing market than we need tom implement those policies or
strategies according to the situation.

Rate this: +2 -2

Parveen said: (Mar 17, 2013)

In global era we need long term and short term both business strategy together because today
nothing be static here whether these are govt policies, political system, customer need, economic
and social environment. Even we can take the simple example of our personal life in which we
make and change decision on every step. So in business where cut throat competition everywhere,
in that situation if we want to sustain our self then we have to follow the strategy from ground to top
level with day to day focus.

Rate this: +9 -2
Gyanchand said: (Mar 11, 2013)

Hello everyone as my point of view for best business and success in business should need
ultimate focus on consumer demand and also seek competitor strategy. And think creative
maintain relation with customer work on the basis of customer preference.

Rate this: +2 -2

Sangram said: (Jan 12, 2013)

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.

Rate this: +4 -8

Aditi said: (Dec 6, 2012)

The first step before starting or running any business is strategy. Planning is the utmost important
task and should never be missed out. The plans should have a vision and the strategy/approach to
achieve it.

Strategies need to dynamic, as per the needs of market and business. Also, the strategies once
laid down can be used in different business scenarios as well. What we need to do is define their
scope.

One can also expand over the current strategies. One strategy can stand as the base for another
one.

Few strategies always stay for eg. Cost control, produce good quality items. There are varied type
of strategies as well. For eg. Ones to adapt in times of crisis, handle risks.

Rate this: +8 -1

Atul said: (Dec 4, 2012)

Hi Everyone, In today's environment change is the only constant thing and in any business,
strategy is the most essential element to achieving the end objective or goal. Planning is the
foremost step in any management cycle and it is in this step that the activities and tasks for the
next steps are laid out. That said, Scope management is something that one has to account for
when formulating a strategy, for the scope might change. A plan has to be flexible to accommodate
 any change in the course of the cycle and there should ideally be reserved kept aside for that.
Those are the qualities of a good plan, else if there was no change and everything was so static,
so once the plan was made, any one can carry out the activities and run the company. So planning
and strategics remain the essential and core element of any business.

Rate this: +27 -1

Sameer Behari said: (Nov 25, 2012)

According to me we can't ignore the power and benefit of strategy, Is anything is achievable in
absence of goal and planning? If it is achieved it can't be sustain for long run because it was a
result of luck not effort. It is not a new thing that changes are happening change is real and life and
everything is changing with time. We have to devise our strategy in two way approach; first one is
to form a long term strategy which keeps business goal and objective in mind based on customer
needs which never changes and next approach is to form a short term strategy that has to be very
dynamic and flexible to align with day to day changing scenario.

In my view without strategy, doing any business is like a blind folded game where the energy and
efforts are wasted to test the luck.

Rate this: +18 -2

Sahil Patel said: (Nov 1, 2012)

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.

Rate this: +4 -4

Zeeshan said: (Oct 19, 2012)

In my point of view, process of developing strategy is continued from the very first day when you
think to do business. Now it's success is solely dependent on the prudent market strategy which
you adopted and then onward sustain in the market you must have capture the interest of
community of your target market.

And it's only possible when probe the desire of people and share of your peer competitors in the
market, control the operational cost of your product, development in the product marketing and so
on by every moment, is the chain for growth of any business in a long run.

That's called business strategy which is required changing in itself at every step for successful
business.
 Rate this: +24 -1

Abhinav Sahu said: (Sep 13, 2012)

Yes I agree to the point that world is changing everyday but it doesn't mean that we should not
make strategies because these day to day or month to month strategies may change our short
term plans but we need a direction and some guidelines which will dictate our short term plannings
and thats where long term planning comes into the picture because these long term planning will
be the backbone for our short term strategies and will guide them in a particular direction, And
without long term planning any organization can't be successful. So we need to make strategies
but at the same time we need to change them in short term according to market.

Rate this: +33 -4

Neha said: (Aug 10, 2012)

According to my point of view nothing is static in this world and the same rules are applied to the
business. A strategy is needed in each and every phase of life so as in business. In this world of
cutting edge competition also there can be strategies which are long lasting for eg that used by
apple and facebook. Apple realized the power of applications and used as its one of its strategies
and Facebook realized the power of the customer's eyeballs which are there on Facebook for 24*7
and both are gaining a lot from their respective strategies. So strategies must be applied to the
business but keeping in mind the demand and needs of the society.

Rate this: +61 -3

Ashish Kumar said: (Jun 26, 2012)

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.

Rate this: +4 -9

Rishi Sharma said: (Jun 18, 2012)

The topic is very awesome. ! From my point of view every business needs strategies to defence
the regular uncertainities. In this word every business or firm are tottaly depends on their
customers. If any change recorded by an firm so definately they have need to plan to walk out from
that particular situation. But the very important thing in business is to vigil market taste. What dere
customer actaually demanding. This is the main rule ''if fail to plan it means you plan to fail''.

Rate this: +5 -6

Reema Gupta said: (Jun 14, 2012)

Hello everybody.

As per the topic of discussion, business strategies are a part of its formulation. So any business,
irrespective of its type, has to formulate a strategy for its current and further developments. On the
other hand, globalization is a part of this corporate world. It is required to enhance the present
scenario of the so-called "business environment". So it can be said that, globalization or the so-
called "random changes" in the corporate world is an unavoidable and a detrimental part of it.
Ultimately it is the role of a business to adjust itself and its strategies accordingly. Although it is a
very tough job, but that is where the challenge lies. In order to occupy a sustainable position in the
long run, any business will have to accept the changing challenges, because the world will keep on
changing and competition will be progressing every passing day.

Rate this: +22 -3

Mukesh Gupta S32732 said: (Jun 1, 2012)

Dear all. I would like to add more points on this topic. First element of the business is to frame the
strategy and strategy is of two types shot term and long term. Month to month changes in the world
will not alter the buying behaviour and taste and fashion but slightly may decrease in consumption
of product. That time management make the new strategy for attracting the customer for making
good sale and profit. One important thing should be in planning how fast adopting the situation and
converting in to action according to situation. Strategy is/should not fixed like pillar it is camouflage
who changes the colour according to environment. Thank you.

Rate this: +16 -2

Sandeep said: (May 29, 2012)

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.

Rate this: +3 -0

Sudarshan said: (May 28, 2012)

Developing a strategy itself means, planning for now and future by anticipating future trends. A
good R&D team is must for organizations to forecast future and come with the strategies which will
help them to perform better in changing world. Further we have no choice but to make strategies
now.

Rate this: +7 -2

Aufiyan said: (May 14, 2012)

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.

Rate this: +4 -3

Bhushan said: (May 14, 2012)

Yes we do need strategy there is a need for strategy not one but we should have many back up
strategies as one may work and other may not we have to keep a pace with the world we should
understand where and how we are going wrong if our strategy fails we should learn from our
mistakes and should imply a new strategy every time so that we don't repeat the same mistakes
again and again.

So yes as time changes every moment every second in the same way even our strategy has to be
change according and from time to time.

Rate this: +2 -0
Smarat Reddy said: (Apr 10, 2012)

Hi all.
For any successful business or to make huge profits strategy plays a key role. In present day
scenario one can see lot of globalization which is taking place from time to time, and to sustain or
cope with globalization changes strategy and pre-defined plan is necessary, for instance that is
why many huge companies are following LEAN AND SIX SIGMA SOLUTIONS WHICH ARE
SPECIALLY developed for smoothly running successful business by 'JAPAN '. According to me
strategy is nothing but a systematically running business AND WITH stand TO CHANGES WHICH
TAKE PLACE IN DAY TO LIFE and make profits. Without strategy running any sort of business is
just like a blind folded game or sitting yourself on knife. Thank you!

Rate this: +37 -1

Heena said: (Apr 8, 2012)

Strategy is a plan of action that is required to attain the desired goals and objectives. As in this era
of globalization, world changes month to month we need to make several short term strategies to
fulfill the long term strategy that will ultimately help us in attaining the desired goals. And these
short term strategy can be mould depending on the changing situations.

Rate this: +58 -1

Priya said: (Apr 5, 2012)

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.

Rate this: +3 -2

Shamim Arora said: (Mar 26, 2012)

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.

 Rate this: +14 -1

Anudha said: (Mar 4, 2012)

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.

Rate this: +4 -1

Sameer said: (Jan 23, 2012)

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.

Rate this: +51 -10

Karuna said: (Jan 20, 2012)

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.

Rate this: +2 -9

Subhashini Perumal said: (Jan 19, 2012)

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.
 Rate this: +4 -0

Rini said: (Jan 8, 2012)

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.

Rate this: +56 -2

Mohan Rao said: (Dec 18, 2011)

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.

Rate this: +79 -2

Amarnath said: (Dec 16, 2011)

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.
 Rate this: +3 -11

Rahul Pai said: (Dec 13, 2011)

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.

Rate this: +24 -4

Pathy said: (Nov 29, 2011)

Business Strategy is very important in any business, but it should be made in such a sense that it a
modifyable in future.

Rate this: +10 -1

Puja said: (Nov 28, 2011)

Hello friends, according to me business strategy is very important, without making strategies you
can't even think of establishing a business. It is the strategy where you decide what products you
want to make, to whom do you want to sell them and where at what price. Without strategies even
you can't make your basic decisions of business, competing in market is way ahead.

I agree that world is changing each day but business strategies are always made keeping this fact
in mind, there are long term strategies and that is why they are called strategy. Any business can't
grow if they don't know that what do they want to achieve and where do they want to go and how.
 Rate this: +10 -1

Jayesh said: (Nov 6, 2011)

I feel Business Strategy is a must for any organisation. One cannot run a business with a long term
strategy. However, if a business strategy is made keeping in mind that changes that can affect your
business it would be like a jewel in the crown.

Business strategies with contingency plans can help to tackle external forces that leads to changes
in business process. Always have a back up plan to deal with the day to day change factors
keeping your business strategy a prime goal to follow.

Rate this: +11 -2

Vishal Sharma said: (Nov 4, 2011)

Yes there resides a point of having strategies as they are the initiatives. Moreover business
couldn't be establish without applying strategies, nearly every moment strategies are required so
as to make optimum use of resources lying in our hand.

Moreover world will be changing like this only so believe in yourself and efficiently transform your
plans in an era of possibilities.

Rate this: +1 -1

Debdatta said: (Oct 20, 2011)

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

Rate this: +3 -12

Ashish Pandey said: (Oct 19, 2011)

 I think this business oriented world is just like a competitive global arena and if you want to deserve
in this arena then you have to perform better than others otherwise you will be treated as an
underdog person by your business rivals. For this we have to upgrade ourself and adopt those
strategies with the help of which we can become eminent in any business.

Rate this: +4 -0

Poonam Pal said: (Sep 25, 2011)

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.

Rate this: +4 -3

Souvik Mishra said: (Sep 14, 2011)

Firstly strategies are something which are never of any use until and unless they are implemented
properly. Secondly in business everybody wants profit and apply various strategies for gaining it.
With the changing world the ethics of business does not change. So its not about changing the
strategies its about implementation seeing the situation and needs of the consumer. After all
consumers are the ones who rule the base of any business activity. The strategy is simple of
making profit but it is just given a different form seeing the scenario. Certain businesses need
rigorous study of consumer demands, needs and satisfaction for which marketing is required.
Others have sole intention of getting products sold by any means. This is where marketing strategy
needs to be reformed and modified with the ultimate goal consumer satisfaction.

Rate this: +20 -1

Sanjeev said: (Sep 4, 2011)

As the world is changing very fastly. It is impossible to have a long term strategy to run a
buissness. I would suggest that for every organisation doing buissness, as there is always hav a
vision and some rule of that organisation. There is a quality of the product produced. So there must
be short strategy to hav a balance between the quality of goods and effect of changing buissness
conditions. For this you must hav a dedicated staff workerswho can monitar the conditions of
changing econmy and can take rapid actions but the decision must b taken considering the quality
of goods/sevices. Can't comprimise with this.

Rate this: +12 -3

Puneet Bansal said: (Aug 24, 2011)

There is nothing wrong in having any strategy as future is uncertain anything could happen but
what once decided have to be implemented irrespective of what happen around you. Its only that
something drastic has changed that company can be affected by the decision it had taken in that
case they can review the decision.

Rate this: +1 -2

Sneha said: (Aug 12, 2011)

In this changing world of competition I don't think a long term strategy would work for any business
house. If you want to survive in this tedious world you have to observe the flow of river at all points
and then prepare your strategies in accordance to that. As it is very correctly told that in order to
prove your excellence in business you need to take instantenous decisions and those who are
worth it will win in the long run.

Rate this: +11 -2

Chandra Prakash Singh said: (Jul 28, 2011)

Hello friends.

In my opinion business strategy doesn't mean permanent business strategy. Always there should
be a strategy for any important step in our life, why not in this very important field where we are
going to invest our so much man and money?

Although it is true that in today's environment the market is changing day-by-day so we have a lot
of problem in making the business strategies. That is the reason now a days some instant plans
are made even by lower management authority at the instant according to the position of the
market. It is also true that according to today's market condition the parallel management strategy
is suitable.

Rate this: +1 -1

Nitin said: (Jul 26, 2011)

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.

Rate this: +34 -3

Nitin said: (Jul 26, 2011)

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.

Rate this: +3 -2

Sharmistha said: (Jul 20, 2011)

Anything which is constant in this world is the "change", and so is the case with the market in the
present scenario. But when it comes to designing a strategy by a company towards launching of a
new product or foraying into the different market etc, it aims towards the long term goal. Designing
a strategy involves preparing a competitive intelligence report that shows the present market
position of the company by doing SWOT, PESTLE and PORTER 5 force analysis, which is very
important for long term sustainance of the company, irrespective of the market changes which are
short term in nature.

Rate this: +10 -1

Shoaib said: (Jul 20, 2011)

Strategy is must for a business to prosper in this competitive business world. without strategy no
business can survive. No matter whether world is changing either month by month or hour by hour
but chalking out plans and their execution in the long run is must for any sort of business. Plans
must always be adoptable to changes. Planning as a function of management is time consuming
for sure but well planned strategies are the one which makes a business to survive in the long run
irrespective it takes time to plan out the policies.

Rate this: +2 -0

Rohan said: (Jul 17, 2011)

 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.

Rate this: +1 -0

Hemapriya said: (Jul 11, 2011)

Business strategy is nothing but plan regarding future forecast about our action in a firm. It
necessary to prepare strategy based on future and present. If a firm faces an uncertain there,
change in strategy is required to make a company survival in long run.

Rate this: +1 -1

Krashikumar said: (Jun 17, 2011)

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.

Rate this: +8 -1

Tanvii said: (Jun 13, 2011)

Yes it is absolutely necessary to make business strategy.

Business strategy is one of the key factor that relates an organization to its success. A good
business strategy can give a company a strong advantage over other companies. No company can
progress much without setting out its long term goals and the direction in which the company wants
to head.

However as the world is constantly changing, rules, laws, completion, customer demands, markets
etc are constantly changing, we cannot have just fixed idea as to what our company strategy
should be. Change is constant and thus changing business strategies with this progressive world
becomes a must for any company.

Take a computer firm for example, It knows what product it must develop and has sets out a
strategy on how to go about the development of the product. But for a long term project Project
plans must be adaptable. The plan should allow adoption of latest and most efficient technology.
 The plan should be flexible enough to allow to adjust change in consumer demands etc.

Rate this: +13 -0

Guruprasad said: (Jun 13, 2011)

Running a huge organizations involves lot of challenges. Business strategies are not changed
month wise and day to day basis. The strategies and decisions are taken by predicting the various
aspects such as market, customers ten years down the line. Its not done keeping one month
ahead.

Rate this: +1 -1

Biplab said: (May 27, 2011)

Strategy is the path towards achieving goal. Without the way how is this possible to reach there?
So it should be like a strong backup.

But following the same strategy does not guarantee success, because the market is changing,
more competitors are lining up, policies are changing as the world is changing day by day. The
strategy has to be updated, it should be that much flexible to sustain in this competitive
environment. Otherwise it may even become obsolete.