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IASPStrategy Planning Professional Exam Sample Questions:

1. An effective vision statement

A) is carefully defined and complete.
B) explains the organization's strategy.
C) sets aggressive financial goals.
D) is future oriented and inspiring.

2. Which of the following BEST characterizes strategy?

A) Is a restatement of the organization's mission
B) Is explicitly defined and means the same thing to everyone
C) Exists only at the enterprise-wide level, not at business unit levels
D) Has several different meanings at different organizational levels

3. What process is adopted by an organization to minimize disruption when implementing a new strategic plan?

A) Environmental scanning
B) Strategic management
C) Project management
D) Change management

4. An organization's business model is likely to be more successful if it

A) aligns with the organization's purpose or mission.
B) focuses primarily on generating profits.
C) matches past industry trends.
D) generates sufficient revenue to sustain itself.

5. Which of the following is the most important tool when considering uncertainty in the external environment?

A) Embedded corporate culture
B) Scenario planning
C) Decision tree analysis
D) Consensus building

Solutions: