There are various challenges which the companies face. The challenges faced by the organizations can be categorized into three categories including environmental challenges, organizational challenges and individual challenges. Organizations adopt different strategies through which they tackle every problem they face. For example, if organization faces individuals challenges like to ensure highly skilled labor in the organization then it can develop strict Human resource strategies. If the organization faces some external challenges like inflation then it can start focusing on cost efficient processes rather than quality techniques. Therefore, the organizations develop various strategies to combat the challenges.