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IASPStrategy Planning Professional Exam Sample Questions:

1. The main value of the balanced scorecard model lies in its emphasis on forging a balanced approach to measuring and managing strategic control factors. To this end, an attribute of a complete Balanced Scorecard is that it includes a mixture of

A) Historical, financial, operating, and strategic measures
B) Financial accountability-focused, customer-focused, internal process-focused and learning and growth- focused strategic objectives
C) Profit and non-profit objectives
D) Operating and financial objectives

2. Which of the following LEAST contributes to customer value?

A) Providing customer appreciation
B) Enticing customers to participate in surveys
C) Providing a caring customer service
D) Anticipating and adjusting for the psychological cost of the product to the customer

3. Which of the following BEST describes an effective core organizational value?

A) Gives the organization a broad range of options on how best to interact with key stakeholders
B) Is highlighted on the organization's website to enhance its image
C) Is broad enough to translate into actions and transactions
D) Is widely shared among members of the organization

4. The alignment of the organization's redesign with strategy can be hindered by:

A) Mismatches between required positions and employees' skillset
B) Developing and implementing an effective communication plan
C) Having the required tools and technology
D) Adequate understanding of strategic direction by all stakeholders

5. Employee commitment should be secured at what point in the strategic management process?

A) After senior managers have made asset allocation decisions
B) Once key analysis has been completed
C) As early as possible
D) Not until the vision has been approved

Solutions: