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IASPStrategy Planning Professional Exam Sample Questions:

1. How are key stakeholders identified?

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

2. What important and helpful service does an experienced strategy planner provide to the project and continuous improvement teams?

A) Liaises with senior management on every decision made by the teams involved.
B) Acts as a trusted advisor.
C) Ensures only the most brutal facts are raised, while ignoring all others.
D) Occasionally offers communications coordination.

3. Which of the following is NOT one of Porter's original Five Forces of industry analysis?

A) Customers
B) Substitute products
C) Industry regulations
D) Suppliers

4. When should the chief executive, senior management team, and the planning department begin addressing potential obstacles to implementation of the strategic plan?

A) During the current state assessment step in strategic planning
B) At the formal kickoff of the strategic planning process
C) During the operational/business unit planning steps
D) At the formal kickoff of the strategic plan implementation

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

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

Solutions: