Common Management Admission Test (CMAT) Practice Exam

What critical factor is involved in establishing a tip list?

1. Random selection of services

2. Prioritizing the trendy topics of the year

3. Advance agreement among stakeholders

4. Distributing it after the event concludes

The correct answer is: Advance agreement among stakeholders

Establishing a tip list hinges on the advance agreement among stakeholders because it ensures that everyone involved is aligned in their expectations and objectives. When stakeholders, such as team members, clients, or collaborators, reach a consensus on the key elements to include in the tip list, it facilitates clarity and direction in the planning process. This collaboration increases buy-in and engagement, leading to a more effective and relevant outcome. Coordination among stakeholders fosters a sense of ownership and accountability, which are crucial in ensuring that the tips listed are not only useful but also tailored to the specific context and audience. This pre-agreement also allows for diverse insights to be shared, enhancing the overall quality of the tips provided. In contrast, random selection of services lacks a strategic basis and would not result in a cohesive tip list. Prioritizing trendy topics of the year may not resonate with all stakeholders or address their specific needs, leading to potential dissatisfaction. Distributing the tip list after an event concludes removes the opportunity for timely feedback or adjustments based on real-time insights, diminishing the effectiveness of the list. Thus, advance agreement among stakeholders is essential for establishing a robust and actionable tip list.