What Are the Challenges in Achieving Market Adaptability?
While market adaptability is crucial, it comes with its own set of challenges:
Resistance to Change: Employees and management may resist changes due to comfort with existing processes. Resource Constraints: Limited financial and human resources can hinder the ability to implement adaptive strategies. Uncertain ROI: The return on investment for adaptability initiatives may be uncertain, making it difficult to justify the costs. Complexity of Integration: Integrating new technologies and processes can be complex and time-consuming.