While continuous innovation offers numerous benefits, it also presents several challenges:
Resource Allocation: Balancing the allocation of resources between ongoing operations and innovation initiatives can be difficult. Resistance to Change: Employees and management may resist changes due to fear of the unknown or disruption to established processes. Market Saturation: In highly saturated markets, finding new avenues for innovation can be challenging. Measuring ROI: Quantifying the return on investment for continuous innovation efforts can be complex.