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IASPStrategy Planning Professional Exam

Last Update 2 hours ago Total Questions : 160

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Question # 1

The Strategic Planning Professional should know and/or understand how to set up a monitoring and (1) _______ processes and various (2) _______ systems to track key success factors, S.M.A.R.T. goals and implementation of changes anticipated in the strategy.

A.

(1) Human capital management; (2) communications

B.

(1) Accountability; (2) Information

C.

(1) Customer communications; (2) Data analysis

D.

(1) Meeting minutes recording; (2) Progress reporting

Question # 2

Of the four elements presented, which would you expect to see more so on a business plan rather than on a strategic plan?

A.

Detailed results of an environmental scan

B.

Detailed financial projections

C.

Detailed performance metrics

D.

Vision and mission statements

Question # 3

Translating the organization-wide strategic plan down to business units, support units or departments, and then to teams or individuals is known as which of the following?

A.

Gap analysis

B.

Cascading

C.

Flow charting

D.

Process mapping

Question # 4

Which of the following is generally included in the process of "cascading" an organizational strategy map?

A.

Review employee development plans and performance incentives

B.

Develop strategic objectives, performance measures, and strategic initiatives for business and support units

C.

Write vision and mission statements for each business and support unit

D.

Reorganize business and support units

Question # 5

Which of the following differentiates vision from strategy?

A.

Vision is "our purpose"; strategy is "our core values and principles"

B.

Vision is "who we are"; strategy is "what products and services we are selling"

C.

Vision is "why we are in business"; strategy is "who we are"

D.

Vision is "our picture of the organization's future"; strategy is "how we plan to go about accomplishing our vision"

Question # 6

Seeing where actions and changes in system components can lead to significant, lasting improvements is best described as:

A.

Change agency

B.

Total quality management priorities

C.

Followership

D.

Leverage

Question # 7

Which of the following BEST describes an effective organizational mission statement?

A.

Describes the organization's core values and the key processes used to satisfy its customers and stakeholders

B.

Is a forward looking and emotionally grabbing sentence that identifies where the organization aspires to be 3 or more years in the future

C.

Lists strategic goals and performance measures

D.

Describes the purpose of the organization, the services and products provided, and how the organization creates value for its customers

Question # 8

The art of stress-free productivity depends on MANAGING which of the following?

A.

Finances

B.

Actions

C.

Technology

D.

Customers

Question # 9

In the Balanced Scorecard strategy map, which of the following themes is focused on the firm's products and services, more so than the other themes?

A.

Increase Customer Value

B.

Build the Franchise

C.

Be a Good Corporate Citizen

D.

Achieve Operational Excellence

Question # 10

How often should key stakeholders have access to project status information?

A.

When decisions are required

B.

When the outcomes are achieved

C.

Anytime they want

D.

At key milestone markers

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