R&D is not without its challenges. Some common challenges include:
Resource Constraints: Limited budget and resources can hinder the ability to conduct extensive research and development. Market Uncertainty: Uncertainty about market acceptance and customer preferences can make it difficult to predict the success of new innovations. Technological Complexity: Advanced technologies may require specialized knowledge and skills that are not readily available within the organization. Time Pressure: The need to bring products to market quickly can sometimes compromise the thoroughness of R&D efforts.