During the strategy formulation process in local government, an institution considers a variety of possible alternatives and scientific, objective criteria need to be applied to compare them. The activities associated with each strategy alternative will consume resources while generating value. The challenge is therefore to select the one that provides the most benefits in comparison with costs, i.e., one that optimises return on investment. Because in the government sector, gains are mostly measured in terms of social benefits, one cannot simply compare costs with revenue or monetary returns. The level of risk and value for money, which incorporates both costs versus social benefits and constraints must also be considered.
Provide a detailed explanation of the following strategy alternatives: 3.1 Swot analysis as a risk impact assessment tool 3.2 Value for money
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