THOUGHT FOR THE DAY

Business

“If you listen to your fears, you will die never knowing what a great person you might have been.” - Robert H. Schuller

TOPIC OF THE DAY

Why Build a Business Strategy?


This article radically emphasizes on business strategy that the companies need to craft effectively for achieving the excellence in the life of business. "If you don't know where you are going, you will likely end up somewhere else." The same is true in business. Unless the company has a carefully crafted business strategy, it is essentially flying blind in the community of business.
Most of the strategists remarked that "a finished plan is generally worthless but careful planning is absolutely essential". The company needs to have an ability to respond to changing market conditions and to continue to ride a dead strategy eventually needed for its excellence in the business life. It's a fact that those organizations that adapt to changing conditions thrive and grow. Those that remain unaware or misjudge these challenges and opportunities and fail to develop a new business strategy eventually die.


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