What Challenges Can Arise in Business Planning and Strategy?
Several challenges can arise, including:
Market Uncertainty: Rapid changes in the market can render plans obsolete. Resource Constraints: Limited resources can hinder the execution of plans. Resistance to Change: Employees may resist new strategies and plans. Lack of Alignment: Misalignment between various departments can create conflicts. Inadequate Monitoring: Without proper monitoring, it’s difficult to measure progress and make adjustments.