In the value shop model, which activity involves selecting among alternative solutions?

Prepare for the CIMA Strategic Management (E3) Exam with comprehensive flashcards and multiple-choice questions. Each question offers hints and explanations to ensure you are ready for your test!

Multiple Choice

In the value shop model, which activity involves selecting among alternative solutions?

Explanation:
In the value shop model, the step that involves selecting among alternative solutions is the phase where the team evaluates the different remedies and picks the best option to implement. After defining the problem and generating possible solutions, the decisive work is to compare these options based on criteria such as feasibility, impact, and cost, and then choose the one that offers the best expected outcome. This contrasts with problem solving, which is about developing alternatives, and with execution and control, which focuses on implementing and monitoring the chosen solution. Procurement isn’t a core activity in this problem-solving sequence.

In the value shop model, the step that involves selecting among alternative solutions is the phase where the team evaluates the different remedies and picks the best option to implement. After defining the problem and generating possible solutions, the decisive work is to compare these options based on criteria such as feasibility, impact, and cost, and then choose the one that offers the best expected outcome. This contrasts with problem solving, which is about developing alternatives, and with execution and control, which focuses on implementing and monitoring the chosen solution. Procurement isn’t a core activity in this problem-solving sequence.

Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy