While R&D is beneficial, it comes with its own set of challenges:
High Costs: R&D can be expensive, often requiring significant investment in terms of money, time, and resources. Uncertainty: The outcomes of R&D activities are uncertain, and there is no guarantee that the efforts will yield successful products or solutions. Regulatory Hurdles: Compliance with regulations and standards can be complex and time-consuming. Resource Constraints: Small businesses and startups may lack the resources to maintain a dedicated R&D team.