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IASPStrategy Planning Professional Exam Sample Questions:

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

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

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

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

3. Which of the following steps is MOST appropriate when further defining the actions of a strategic plan?

A) Identify which items should be completed in years 1, 2, and 3
B) Determine success indicators for the 1, 2, and 3-year horizons
C) Contain depiction of the long-term strategic plan to a 3-year horizon
D) Break down long-term strategic plans into annual and project plans

4. Which of the following is the FIRST thing to do when an organization needs change?

A) Eliminate all out-of-date aspects of the system
B) Communicate clearly why change is necessary
C) Interview employees to get different perspectives about the changes
D) Analyze what the strategic change entails from a modular and integrated perspective

5. When facilitating a strategic planning meeting, it is BEST to

A) set ground rules before the meeting that makes everyone's contribution equally valuable.
B) ensure that discussions proceed quickly so that decisions are made in the time allotted.
C) give more weight to ideas and decisions from senior and experienced people in the group.
D) pay most attention to what the chief executive says.

Solutions: