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VOL. 13, ISSUE 2 (2026)
Challenges in building new / innovative business management models: An empirical study
Authors
Dr. K M Srividhya
Abstract

In today’s fast-changing business environment, organizations are constantly pushed to rethink how they create and deliver value. Traditional business models are no longer sufficient to sustain competitive advantage, leading firms to adopt innovative business management models. However, the journey toward innovation is not straightforward. It involves a series of internal and external challenges that can hinder progress.

This study explores the real-world difficulties faced by businesses in developing innovative models using data collected from 250 respondents, including entrepreneurs, managers, and professionals. The findings reveal that while innovation is widely recognized as essential, organizations struggle with financial limitations, resistance to change, technological barriers, and uncertain market conditions. The study concludes by emphasizing the need for a balanced approach that integrates strategy, culture, and technology to successfully implement innovation.
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Pages:61-64
How to cite this article:
Dr. K M Srividhya "Challenges in building new / innovative business management models: An empirical study". International Journal of Multidisciplinary Research and Development, Vol 13, Issue 2, 2026, Pages 61-64
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