What Challenges Do Leaders Face in Promoting Market Responsiveness?
Promoting market responsiveness comes with its own set of challenges: 1. Resistance to Change: Employees and even some leaders may resist change due to comfort with the status quo. 2. Resource Constraints: Limited resources can hinder the ability to invest in necessary technologies or training. 3. Information Overload: With the vast amount of data available, it can be challenging to filter and focus on the most relevant information. 4. Balancing Speed and Accuracy: Making quick decisions is crucial, but it is equally important to ensure those decisions are based on accurate information.