What Challenges Do Entrepreneurs Face with Process Innovation?
While process innovation offers numerous benefits, it also presents several challenges:
Resistance to Change: Employees may be resistant to new processes, especially if they are accustomed to existing methods. Resource Constraints: Implementing new processes often requires significant investment in terms of time, money, and resources. Risk of Failure: There is always a risk that the new process may not deliver the expected results, leading to potential setbacks.