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IASPStrategy Planning Professional Exam Sample Questions:

1. Which of the following BEST represent the macro level factors to include in an environmental scan?

A) Industry life cycle, demographics, changing profile of current customers, international trends, and events pertaining to the industry
B) Geopolitical, sociocultural, economic, technology, environmental, and industry trends
C) Regulatory, customer, competitive, labor, and supplier trends
D) Patterns of competition, technology, usage/consumption/service buying patterns, and barriers to exit

2. When should the chief executive, senior management team, and the planning department begin addressing potential obstacles to implementation of the strategic plan?

A) During the current state assessment step in strategic planning
B) At the formal kickoff of the strategic planning process
C) At the formal kickoff of the strategic plan implementation
D) During the operational/business unit planning steps

3. Which of the following are steps to success in a project life cycle?

A) Define, plan, implement, and evaluate
B) Plan, change, evaluate, and monitor
C) Assign, budget, plan, and implement
D) Budget, plan, evaluate, and monitor

4. Which of the following is NOT one of Michael Porter's three basic strategies?

A) Differentiation
B) Customer first
C) Cost
D) Focus

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

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

Solutions: