While R&D investment offers many benefits, it also comes with challenges:
High Costs: R&D can be expensive, requiring substantial financial resources and time. Uncertainty: The outcomes of R&D efforts are often uncertain, and there is no guarantee of success. Risk Management: Managing the risks associated with R&D projects, such as technological failures or market rejection, is crucial. Talent Acquisition: Attracting and retaining skilled researchers and developers can be challenging.