At which point should a business strategy be given up on because it is not working?

[Kross]

Business people are always told to be defiant and resilient. They are supposed to push through difficult situations.

But it is also important to know when a business strategy is not working so one knows when to give up and change strategy. At which point should business strategies be given up on?

 

[Kera]

When the business strategy has been repeatedly tweaked and it is still not giving results, that strategy won't just work.

 

[kit_hung]

You have be extra smart to recognize when strategy is failing so you don't waste your money unnecessarily. If you see that the costs greater than benefits in the long run, then that's good sign to change direction quickly.

 

[Trush Jodie]

When a business strategy has been running for up to six months, and it is not still giving any results that contribute to the growth of the business, it is best to abandon that strategy.

 

[SilverLance]

Negative feedback or indifference may signal misalignment with customer needs. Like example of Microsoft, the company abandoned its Windows phone strategy after years of poor market reception.

 

[Augusta]

When there's ineffective risk management. emerging disruptive technologies and evolving customer needs.when you forget to mitigate internal risks.

 

[kit_hung]

Negative feedback or indifference may signal misalignment with customer needs. Like example of Microsoft, the company abandoned its Windows phone strategy after years of poor market reception.

I abandon projects that don't pay early to protect business capital. Holding to a business that is rejected by customers is a waste of time and effort that could be generating profits elsewhere.

 

[eLdavis]

I think when you are completely sure that you have done or tried everything, then it's safe to say the strategy is not working.

 

[kit_hung]

Like. I have tried many methods, but feel like strength is gone and am left realizing that the strategy is not bringing results. give myself space to breathe and move forward without holding on to something that does not help me.