What Challenges Do Leaders Face in Maintaining Competitiveness?
Leaders face several challenges in maintaining competitiveness:
1. Global Competition: With globalization, businesses must compete not just locally but internationally. 2. Technological Advancements: Rapid technological changes can disrupt existing business models. 3. Regulatory Changes: Shifting regulations can impact operational efficiency and profitability. 4. Economic Fluctuations: Economic downturns and unpredictability can pose significant threats.