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IASPStrategy Planning Professional Exam Sample Questions:

1. Which of the following is a characteristic of core competencies?

A) Cannot be developed or changed
B) Require significant investment
C) Form the basis for activities that create and build value
D) Are common across an industrial segment

2. Which of the following are the key considerations when determining which performance measure to apply to a strategic objective?

A) Is easy to track, reports on outcomes soon after the fact, and is accepted by industry leaders
B) Is linked to financial performance, is requested by the board of directors, gives insight as to what customers are thinking, and is predictive
C) Is valid and verifiable and helps to balance a mix of both leading and lagging performance indicators
D) Compares performance against competitors, communicates a positive message to shareholders, is tracked without creating new processes, and is predictive

3. Which of the following should be done FIRST in developing a strategic plan?

A) Develop performance measures
B) Conduct a broad environmental scan
C) Complete an enterprise-wide strategy map
D) Identify action plans

4. Which of the following is NOT a benefit of portfolio planning?

A) Decentralizes control strategy
B) Provides framework that can be adapted to each organization's needs
C) Gives organization-wide visibility concerning strategic performance
D) Yields higher-quality strategies

5. Which of the following is the MOST critical responsibility of the board of directors before approving a strategic plan?

A) Participate in effective debate on the operating plan
B) Provide solid strategic alternatives
C) Ensure alignment of talent with the plan
D) Ask perceptive and insightful questions

Solutions: