What are the challenges it faced in the past?

Past and current challenges faced by organizations are varying and complex. Some of the challenges faced in the past include inadequate funding, lack of technological advancement, untrained workforce, and poor management practices. Other challenges include stiff competition from rivals, economic recessions, policy changes, and unexpected natural disasters. Additionally, changing market trends, fluctuating consumer demands, and ethical standards have made it difficult for organizations to maintain profitability and sustainability. These challenges continue to pose major threats to businesses, and organizations must develop innovative solutions to overcome these challenges.

This mind map was published on 7 May 2023 and has been viewed 72 times.