Which approach is taken when resolving a specific issue identified in business operations?

The correct approach for resolving a specific issue identified in business operations is a corrective action plan. This method focuses on identifying the underlying causes of a problem and taking deliberate steps to address and rectify it. A corrective action plan typically outlines specific actions to be undertaken, assigns responsibilities, sets deadlines, and establishes metrics to evaluate the effectiveness of those actions. It is a targeted response to a particular issue, aiming to prevent its recurrence and improve overall operational performance.

In contrast, a strategic review generally encompasses a broader examination of the organization's goals, market positioning, and resource allocation rather than focusing on a specific problem. Continuous improvement involves ongoing efforts to enhance processes and performance over time, but it does not specifically target an immediate issue. An operational assessment is a comprehensive evaluation of business operations to identify strengths and weaknesses but does not inherently include actionable steps to resolve identified issues. Thus, the corrective action plan stands out as the most appropriate response for tackling a specific issue effectively.