There are many things out there that are key to the success of any business but one of the most important is the spending strategy. So, what exactly is it & how does one go about deciding what type of method they should use? Well, this is exactly why Alexander Djerassi, a very successful entrepreneur and foreign policy expert, is here. You see, he happens to be one of the foremost experts on the subject & this is why he has agreed to share some of his insights on this topic. So, what does he recommend that each company do as far as their spending strategy is concerned? Well, the first thing to cover is what exactly it is. So, it is often defined as the company choice of what to buy in an effort to ensure the longevity of the business. So, in this kind of strategy, they usually just buy what they need so they can save money for a rainy day or anything else they might need in the long run, but the general idea is just to ensure that they are being fiscally responsible. So now that we have defined what it is, we need to discuss what the best one is. So, there are a few different options to choose from & the first one is known as conservatism. Now in this strategy, they try to save as much money as they can by buying as little as possible. This not only helps them to save cash in the long run, but it also means they are more likely to have the funds for any emergencies that might come up in the future. Now this does seem to have a few benefits but it is not the best if one is trying to keep their staff as happy as they can so there can be a few drawbacks here & there. Now the next type is known as the roller coaster. This one is a new strategy where they try to increase their profits by investing in as many of the best companies as they can. Now while this can be a good method if one is trying to keep their profits high it is important to note that not all of the stocks in which they invest tend to be lucrative, so it is imperative to be smart when deciding which stock to buy & which to avoid with a 10-foot pole. Finally, there is the liberal method in which they do their best to spend as much as they can in an effort to invest in their future & hope that these investments will come back to benefit them. Though this can be a good option if they make the right choices, it does tend to come with a bit of risk so make sure to do homework before deciding which investments to make. So, if they follow this piece of advice from Alexander Djerassi, it should lead to a lot of good success in the long run.