innovation driven businesses

What Challenges Do Innovation-Driven Businesses Face?

1. High R&D Costs: Significant investment is required to develop and test new ideas.
2. Market Uncertainty: Predicting customer acceptance and market demand for innovative products can be difficult.
3. Intellectual Property Issues: Protecting unique ideas and technologies from being copied by competitors.
4. Regulatory Hurdles: Navigating complex regulations that may hinder the implementation of innovative solutions.

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