What Challenges Do Leaders Face in Achieving Sustainable Growth?
While the benefits of sustainable growth are clear, leaders often face several challenges, including:
Resistance to Change: Employees and other stakeholders may resist changes required for sustainable practices, especially if they are accustomed to traditional methods. Initial Costs: Implementing sustainable practices may require significant upfront investments in new technologies, training, and infrastructure. Market Pressure: The pressure to deliver short-term financial results can conflict with the long-term focus required for sustainability. Regulatory Uncertainty: Changing regulations can create uncertainty and make it difficult to plan long-term sustainability initiatives.