I am impressed by your contribution as it offers great insights on the challenges facing business in the identification of Opportunity for Improvement (OFI) and the strategies for overcoming these strategies identifies financial constraints and employee unwillingness to adapt as the obstacles to OFI. These factors are related and affect the process of OFI but come at a later stage in the implementation of the identified opportunities. For example, the business or organization can delegate the process of OFI to a particular department or team; the results will then be tested and implemented in the organization. Here is where the factors that you have listed come into play. In case of insufficient funds to implement the opportunities and the employees are unwilling to accept the changes the process will be stalled. Funds will be required to train the employees and introduce new infrastructure or absorb more employees. I would like to add that the employees would feel threatened especially those who do not meet the qualifications to work in the new work setup.
When approaching the question of challenges facing OFI, factors such as the complexity of the market regarding understanding and predicting competitors and consumers are more relevant to this case. Competitors influence the decision that a business would make. For example, a business may decide to increase the size of its product as a way of improving its product not aware that a competitor is making a similar strategy to make their products even bigger; the change in size is an introduction of variation (Hoerl & Snee, 2012). If the competitor does so, the strategy will fail. Besides, in case the business makes the product bigger, and the consumers are not interested in a bigger size but shift their like to medium sized products the strategy will fail.
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To overcome the challenges unpredictable consumers and competitors, I suggest that the business should conduct a comprehensive market analysis to understand its competitor and consumers. The strategy will help it to know what variations and when to introduce variations since opportunities are all about making variations (Hoerl & Snee, 2012). Overall, I concur with your assertion that the challenges to OFI should be external to the business or organization and not the financial and employees factors that that would affect the process of implementation.
Reference
Hoerl, R., & Snee, R. D. (2012). Statistical thinking: Improving business performance (Vol. 48). Hoboken, NJ: John Wiley & Sons.
