What are the Challenges in Capitalizing on Strategic Opportunities?
While the potential rewards are significant, leaders often face several challenges:
1. Resource Constraints: Limited financial and human resources can hinder the pursuit of strategic opportunities. 2. Resistance to Change: Organizational inertia and resistance from employees can slow down or derail strategic initiatives. 3. Market Uncertainty: Rapid changes in the market can make it difficult to predict the long-term viability of new strategies. 4. Execution Risks: Even well-planned strategies can fail if not executed effectively.