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IASPStrategy Planning Professional Exam Sample Questions:

1. Which of the following is the MOST critical responsibility of the board of directors before approving a strategic plan?

A) Ask perceptive and insightful questions
B) Provide solid strategic alternatives
C) Participate in effective debate on the operating plan
D) Ensure alignment of talent with the plan

2. What should a leader do FIRST after making a mistake?

A) Acknowledge the mistake
B) Determine who else contributed
C) Correct the problem
D) Determine the right answer and actions

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

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

4. A fundamental benefit of using the Balanced Scorecard is that it provides a means to link a long-term strategy with

A) the learning and growth perspective.
B) financial results.
C) the customer's as well as an internal perspective.
D) All of the above.

5. Which of the following BEST describes value chain analysis?

A) Measures only critical labor, materials, and support costs
B) A process that helps calculate value added
C) Is the product solely of financial analysis
D) A summary of costs

Solutions: