IASPStrategy Planning Professional Exam Sample Questions:

1. The competitive pressures from substitute products or services tend to be stronger when

A) Substitute products or services provide equivalent benefits and switching costs are low.
B) There are many sellers of substitute products or services.
C) The quality and performance of substitute products or services is well established.
D) The demand for the products or services is not price sensitive.

2. Which of the following is generally included in the process of "cascading" an organizational strategy map?

A) Write vision and mission statements for each business and support unit
B) Reorganize business and support units
C) Develop strategic objectives, performance measures, and strategic initiatives for business and support units
D) Review employee development plans and performance incentives

3. Scenario planning and modeling should include

A) everyone in an organization.
B) a range of possible future situations.
C) the organization's best analysis of future business conditions.
D) only highly likely conditions.

4. A cornerstone of strategic management is constant commitment to

A) quality circles
B) consensus management
C) continuous improvement
D) reengineering

5. What is the key activity when working with middle management on strategic plan implementation?

A) Building buy-in and ownership of the strategy
B) Listening to staff problems
C) Understanding the departmental objectives
D) Communicating the strategy and issues

Solutions: