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IASPStrategy Planning Professional Exam Sample Questions:

1. Once integrity is lost, how can it BEST be regained?

A) Through repentance and acknowledgement of errors
B) By apologizing
C) It can never be regained
D) Through consistent, honest actions over time

2. True or False: Middle managers are exclusively responsible for the development of scenarios to influence the organization's strategic direction.

A) True
B) False

3. Factors to consider in defining an organization's strategy and business model include all of the following EXCEPT:

A) Market assumptions
B) Customer segments and relationships
C) The company's value proposition
D) The public image of the company in the media

4. One of the MOST important methods to ensure that a strategic plan is executed is to

A) track and report progress rigorously.
B) communicate the updated strategic plan with all employees.
C) monitor through a support team.
D) conduct a regular environmental scan.

5. Which of the following are the key considerations when determining which performance measure to apply to a strategic objective?

A) Is valid and verifiable and helps to balance a mix of both leading and lagging performance indicators
B) Is linked to financial performance, is requested by the board of directors, gives insight as to what customers are thinking, and is predictive
C) Compares performance against competitors, communicates a positive message to shareholders, is tracked without creating new processes, and is predictive
D) Is easy to track, reports on outcomes soon after the fact, and is accepted by industry leaders

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