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IASPStrategy Planning Professional Exam Sample Questions:

1. An organization's core values should

A) be known by the leadership team only.
B) be determined by a secret ballot vote.
C) change as key personnel change.
D) be clarified and reinforced.

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

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

3. To ensure that departmental plans contribute optimally to corporate-wide strategy, a sound practice is to

A) Structure the organization-wide plan to define departmental priorities
B) Create departmental and organization strategic plans at the same time
C) Create high integrity departmental plans, then integrate them around shared strategic priorities
D) Build departmental plans around organization strategy objectives and initiatives

4. Which of the following communication methods is likely to be MOST effective in obtaining useful employee feedback about the strategic management approach?

A) A customized, well-scripted slide show presentation given by a senior leader
B) An e-mail message from the senior leader to employees
C) An article written by a senior leader published in the organization's newsletter
D) Dialogue between leaders and employees in small group discussions

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

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

Solutions: