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IASPStrategy Planning Professional Exam Sample Questions:

1. How are key stakeholders identified?

A) Consider the list of the board of directors
B) Identify the major corporate shareholders
C) Consider those who are most affected by and able to affect the outcomes
D) Identify organization's highest lifetime value customers

2. Which of the following best describes the role of leadership in fostering a culture of innovation within an organization?

A) Mandating strict adherence to existing processes
B) Focusing solely on short-term financial targets
C) Encouraging risk-taking and learning from failure
D) Limiting employee involvement to top management only

3. According to the Boston Consulting Group (BCG) and other subject matter experts, when it comes to the development of a "Business Model" for an organization, the process normally involves focusing on two elements:

A) (1) the value proposition; and, (2) the operating model.
B) (1) the relationship between stakeholder groups; and, (2) the persona analysis and design.
C) (1) the organization's mission; and, (2) the organization's current vision.
D) (1) an environmental scan; and, (2) a SWOT cross-impact analysis.

4. Which of the following can be used as an organization-wide system for strategic and operational integration?

A) Balanced Scorecard
B) Lean manufacturing
C) Quality management
D) Business Process Reengineering

5. Which of these actions should be taken first, if and when a strategic plan does not seem to be unfolding as expected?

A) Demonstrate patience because change takes time.
B) Restructure the internal advisory team.
C) Determine the reasons for the plan not working.
D) Make modifications to the strategic plan

Solutions: