What Are the Challenges in Realizing Economic Benefits?
While the pursuit of economic benefits is essential, businesses often face several challenges, including:
Market Competition: Intense competition can erode profit margins and make it difficult to achieve significant economic benefits. Regulatory Constraints: Compliance with laws and regulations can increase operational costs and limit profitability. Economic Fluctuations: Changes in the economic environment, such as recessions or inflation, can impact revenue and costs. Technological Changes: Rapid technological advancements can render existing products or processes obsolete, requiring continuous investment.