What are the Challenges in Balancing Operations and Innovation?
One of the primary challenges in balancing operations and innovation is resource allocation. Companies often face the dilemma of whether to allocate more resources to improve current operations or to invest in future growth opportunities through innovation. Another challenge is maintaining a culture of innovation while ensuring that core operations remain efficient and cost-effective. Additionally, the process of integrating new technologies and methodologies into existing operational frameworks can be complex and require significant changes in organizational structure and processes.