What Challenges Do Leaders Face in Ensuring Market Competitiveness?
Several challenges can impede market competitiveness, including:
Market Saturation: When markets become crowded, distinguishing the company from competitors can be difficult. Technological Changes: Rapid advancements can render existing products and services obsolete. Economic Fluctuations: Uncertainty in economic conditions can affect consumer spending and investment. Regulatory Changes: New laws and regulations can impose additional costs or restrict operations. Global Competition: Competing with international companies that may have advantages in cost structures or innovation.