Why do we need strategy in business?

[Makus]

if you are thinking of starting up a business or an investment you must have a strategy, this is necessary for direction or having a clear focus so you don't end up settling for whatever level you it is you attain. it is better to have a fixed goal and something that you are working towards so that you can keep moving. people that remain static in their business or don't make any progress usually don't have a target that they focus on achieving, this doesn't make them improve and work harder. Having a strategy to executing those plans is also important.

[Mr_Brilliant$]

First of all,what is the meaning of strategy?
Strategy are those things that we do to convince our customers in other to remain in business..or you can also say that strategy is a pattern.
Why then is strategy important in our businesses?
For one to remain in business,you must have a way or pattern of doing things that your competitors may not know about.you also need to know how to convince those people that are interested in your goods and services ( customers), trying to let them know that your company is the best even when you have competitors around you.

When we want to invest in any kind of business either crypto, scheme,or even personal businesses, we need  to strategize in other to remain in business and also not to run lost.

Bruh first off, strategy isn’t what we use to convince our customers in other to remain in business. It is far from that, strategy is like a roadmap for your business, it is what bring about longitivtiy and growth in your business.. That part of you wanting to convince people to be interested in your good and service is called marketing, and yes you could be strategic with you marketing to get much sales and result..
In a nutshell strategy are just plan, the skeleton of the business, that birth the business in the real world..

[WhoYouCantKill]

Knowledge of the investment comes first and is more important than the strategy you make before investing into anything either long term or short term.
Knowledge of the investment can help you know if the strategy will work, a strategy can be good but probably will not work so it is the knowledge that will guide you.

Having knowledge about an investment before getting started is crucial, but the truth is that one must not necessarily wait till they learn everything about the investment before getting started, especially if the investment is very complex like Bitcoin. Waiting to learn everything first would either lead to procrastination, delay in starting and missing out on potential opportunities. Again, there are certain things you can’t learn except you get started, you don’t learn these things by reading some books or pdfs, watching clips or being instructed, but through experience, meaning you need to get started first.

[cxtreenal]

First of all,what is the meaning of strategy?
Strategy are those things that we do to convince our customers in other to remain in business..or you can also say that strategy is a pattern.
Why then is strategy important in our businesses?
For one to remain in business,you must have a way or pattern of doing things that your competitors may not know about.you also need to know how to convince those people that are interested in your goods and services ( customers), trying to let them know that your company is the best even when you have competitors around you.

When we want to invest in any kind of business either crypto, scheme,or even personal businesses, we need  to strategize in other to remain in business and also not to run lost.

Bruh first off, strategy isn’t what we use to convince our customers in other to remain in business. It is far from that, strategy is like a roadmap for your business, it is what bring about longitivtiy and growth in your business.. That part of you wanting to convince people to be interested in your good and service is called marketing, and yes you could be strategic with you marketing to get much sales and result..
In a nutshell strategy are just plan, the skeleton of the business, that birth the business in the real world..

By applying the right strategy in business, you will be able to reach a profitable level. You will not see any successful businessmen who have applied the strategy without taking the advice of experts. The main thing behind their success was the correct application of the strategy. Be it because of their own skills or the advice of other experts.

To launch a product in a new market, you need to know about market management and understand the attitude of the customers and also check whether they have the ability to buy. The product you will market has production costs and demand for the product. Before starting the business, you need to analyze each issue and decide the strategy accordingly.

[Agbam]

First of all,what is the meaning of strategy?
Strategy are those things that we do to convince our customers in other to remain in business..or you can also say that strategy is a pattern.
Why then is strategy important in our businesses?
For one to remain in business,you must have a way or pattern of doing things that your competitors may not know about.you also need to know how to convince those people that are interested in your goods and services ( customers), trying to let them know that your company is the best even when you have competitors around you.

When we want to invest in any kind of business either crypto, scheme,or even personal businesses, we need  to strategize in other to remain in business and also not to run lost.

Let me use this saying to answer your OP title “if you fail to plan then you plan to fail”. It’s as simple and as complicated as that, you can go into anything without plans… those plans entails your goals and the steps and procedures to achieve it.

In bitcoin there are a lot of strategies depending on what you want out of it, if you want to hold for long term there are strategies and things you need to do to be effective.
If you want to trade, there are principles and techniques you have to follow to be successful.

If you go into a battle head on with no strategy there’s a high probability that you’re gonna be destroyed.
So to Succeed we need Strategy.