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.