What are the Challenges in Achieving Operational Efficiency?
While operational efficiency offers numerous benefits, achieving it is not without challenges. Common obstacles include:
Resistance to Change: Employees and management may resist new processes or technologies. Initial Costs: Implementing new systems or technologies may require significant upfront investment. Skill Gaps: Lack of necessary skills among employees can hinder the adoption of efficient practices. Complexity: Managing multiple processes and systems can become complex, especially for small businesses.