What are the challenges in monitoring and adapting?
While crucial, these processes come with their own set of challenges:
Data Overload: Businesses often collect vast amounts of data, making it challenging to identify actionable insights. Resistance to Change: Employees and management may resist changes, leading to a slow adaptation process. Resource Constraints: Limited resources can hinder the ability to monitor effectively and implement necessary changes. Market Uncertainty: Rapid changes in the market can make it difficult to keep up and adapt promptly.