First phase of value creation in sequence is*1 pointA. choosing valueB. providing valueC. communicating valueD. making superior product

Breakdown of the Problem

1. Identify the concepts related to value creation phases.
2. Analyze each option provided to determine which corresponds to the first phase.

Relevant Concepts

• Value creation in business typically involves a series of phases that organizations go through to create and deliver value to customers.

Analysis and Detail

1. Choosing Value: This involves understanding what value to offer based on customer needs and market research. It is typically considered an initial step in the value creation process.
2. Providing Value: Refers to delivering the value promised to customers, which comes after the decision of what value to create.
3. Communicating Value: This is about marketing the value created and is usually positioned after value has been identified and created.
4. Making Superior Product: While creating a product is critical, it typically follows the decision of what value is to be provided.

Verify and Summarize

Based on the analysis:

• The first phase in the sequence of value creation primarily involves identifying and selecting the type of value to deliver to the market.

Final Answer

A. choosing value