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What you can't overcome in business?
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[QUOTE="Leah Kelvin, post: 345042, member: 106815"] Market volatility, change in customer preferences, financial constraints, regulatory compliance and technology disruption are among the key challenges faced by businesses. To keep competitive, firms should adapt and innovate in response to market volatility as well as changing customer preferences. Financial constraints may limit growth and investments for new opportunities. This is a time-consuming task which requires the firm to know several regulations and legal requirements. Technological disruptions create shifts in business models hence forcing businesses to remain updated towards digital transformations. Successful attraction and retention of talent in this era of skilled labor shortage is critical for success. Long-term sustainability depends on risk management that involves operational, cyber security, legal and natural disaster risks. To overcome these obstacles through embracing change and making strategic decisions, enterprises need to develop effective strategies. Strategic decision making by executives is necessary since AI can only provide insights but it still needs human intervention. [/QUOTE]
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