Which of the following is one of the primary objectives of Service Strategy?

Designing and building processes that meet business needs is the objective of Service Design, not Service Strategy - Service Strategy operates at a higher level of defining direction and requirements rather than process construction.

Service Strategy defines what services should be provided and establishes the detailed specifications and requirements that IT services must satisfy to deliver business value. These specifications act as the authoritative input into Service Design, ensuring that all downstream lifecycle stages build services that align with strategic business objectives and customer needs.

Transforming Service Management into a strategic asset is a philosophical concept associated with Service Strategy thinking, but it is not listed as one of its primary formal objectives in the ITIL framework.

Underscoring the importance of services in the global economy is not a defined objective within the ITIL Service Strategy lifecycle stage and has no formal standing in the framework.