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IASPStrategy Planning Professional Exam Sample Questions:

1. To best respond to the question "what is our business?" Peter Drucker emphasized looking at the business from the standpoint of the:

A) Employees' assumptions
B) Organization's mission statement
C) Realities, situation, expectations, viewpoint, behaviour, and values of your customers
D) Articles of incorporation

2. Which of the following is a commonly used quantitative tool for making a final decision?

A) Delphi process
B) Trend analysis
C) Cost-benefit analysis
D) Force field analysis

3. Which of the following is MOST critical for successful execution of a strategic plan?

A) A well-defined budget
B) Organization-wide communication of the vision
C) Translation of the strategy into short-term operating objectives
D) Alignment of the organization structure specifically around the mission statement

4. Which of the following best describes core competencies?

A) Can lead to competitive advantage
B) Rarely change over time
C) Are derived from core principles
D) Are easily identified and explained

5. Identifying desired outcomes helps steer a strategic planning process by

A) putting a cap on proposed investments.
B) codifying the leader's perspective.
C) helping align all participants toward a common orientation.
D) releasing emotional energy.

Solutions: