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IASPStrategy Planning Professional Exam Sample Questions:

1. Which of the following best describes a marketing strategy?

A) Must be established first before other strategies are set
B) Addresses the best way to achieve the overall business strategy, competitive advantage in a sustainable way
C) Drives the operation's strategy
D) Defines the organization's product market focus

2. Which of these actions should be taken first, if and when a strategic plan does not seem to be unfolding as expected?

A) Make modifications to the strategic plan
B) Demonstrate patience because change takes time.
C) Determine the reasons for the plan not working.
D) Restructure the internal advisory team.

3. Which of the following is the most important tool when considering uncertainty in the external environment?

A) Embedded corporate culture
B) Decision tree analysis
C) Scenario planning
D) Consensus building

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

A) False
B) True

5. In understanding an organization's functioning from a strategic perspective, it is necessary to recognize that

A) the processes, systems, and people are interrelated and interdependent.
B) the leader is well recognized in the business community.
C) each department works independently of the others.
D) the product/service sector in which it is categorized is unique and independent.

Solutions: