👉 In business, a setback is an event or situation that causes a company to experience financial loss, customer dissatisfaction, or other negative consequences. These setbacks can be caused by various factors such as market changes, competition, operational issues, or regulatory changes.
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What is the definition of Setback? 🙋
👉 A setback, also known as a negative or adverse event, is an obstacle or difficulty that occurs after achieving a desired outcome. It can be caused by various factors such as failure, competition, unforeseen circumstances, and external influences, which can lead to a decrease in performance or progress. In the context of business and management, setbacks are crucial because they provide opportunities for improvement and learning. They help businesses understand their strengths and weaknesses, identify areas for growth, and develop strategies to overcome them in the
