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IASP SPP Dumps

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Total 160 questions

IASPStrategy Planning Professional Exam Questions and Answers

Question 1

Which of the following are the key considerations when determining which performance measure to apply to a strategic objective?

Options:

A.

Is easy to track, reports on outcomes soon after the fact, and is accepted by industry leaders

B.

Compares performance against competitors, communicates a positive message to shareholders, is tracked without creating new processes, and is predictive

C.

Is valid and verifiable and helps to balance a mix of both leading and lagging performance indicators

D.

Is linked to financial performance, is requested by the board of directors, gives insight as to what customers are thinking, and is predictive

Question 2

An organization's choice to lower quality standards via budget cuts, rather than investing so as to achieve higher quality standards, is an example of

Options:

A.

eroding goals.

B.

motivation.

C.

escalation.

D.

shifting the burden.

Question 3

Which of the following should be done FIRST in developing a strategic plan?

Options:

A.

Identify action plans

B.

Develop performance measures

C.

Conduct a broad environmental scan

D.

Complete an enterprise-wide strategy map

Question 4

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

Options:

A.

Having the required tools and technology

B.

Developing and implementing an effective communication plan

C.

Mismatches between required positions and employees' skillset

D.

Adequate understanding of strategic direction by all stakeholders

Question 5

When multiple changes are already occurring in an organization, which of the following is the best way to initiate another change?

Options:

A.

Survey employees on impact of change at this point in time

B.

Phase in the project in small segments with a few employees

C.

Implement the total project all at once

D.

Provide stress management training first

Question 6

The act of monitoring the activities an organization needs to execute to achieve its strategic objectives can be described as

Options:

A.

Oversight

B.

Budgeting

C.

Performance management

D.

Change management

Question 7

Which of the following is the MOST effective way to involve all key stakeholders in the strategic planning process?

Options:

A.

Early and frequent participation in the process

B.

Consensus on the selection of supporting consultants

C.

Prompt flow-down of executive decisions

D.

Meet-and-greet events

Question 8

The art of stress-free productivity depends on MANAGING which of the following?

Options:

A.

Finances

B.

Actions

C.

Technology

D.

Customers

Question 9

Which of the following is the best strategy for integrating feedback?

Options:

A.

Stop the innovation process until feedback is fully integrated

B.

Continue to innovate in isolation and eventually everyone will catch up with it

C.

Ignore feedback because the organization is the expert in the field

D.

Involve the stakeholders in innovation and feedback

Question 10

Of the many analytical techniques available, which of the following is recommended by Rollinson and Young inStrategy in the 21st Centuryfor analyzing Opportunities, Threats, Strengths and Weaknesses (OTSW) in part because it offers anonymity to participants?

Options:

A.

Nominal Group Technique

B.

Balanced Scorecard

C.

The Delphi Approach

D.

Storming and Forming

Question 11

Which of the following risk mitigation strategies focuses on reducing the likelihood or impact of a risk before it occurs?

Options:

A.

Risk acceptance

B.

Risk avoidance

C.

Risk transfer

D.

Risk reduction

Question 12

Translating the organization-wide strategic plan down to business units, support units or departments, and then to teams or individuals is known as which of the following?

Options:

A.

Gap analysis

B.

Cascading

C.

Flow charting

D.

Process mapping

Question 13

What important and helpful service does an experienced strategy planner provide to the project and continuous improvement teams?

Options:

A.

Liaises with senior management on every decision made by the teams involved.

B.

Acts as a trusted advisor.

C.

Ensures only the most brutal facts are raised, while ignoring all others.

D.

Occasionally offers communications coordination.

Question 14

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

Options:

A.

As early as possible

B.

Once key analysis has been completed

C.

After senior managers have made asset allocation decisions

D.

Not until the vision has been approved

Question 15

An organization's high-level strategy, including the mission, vision, core values, customer value proposition, and strategic themes or goals, should be developed by

Options:

A.

line employees and their supervisors.

B.

the governing board.

C.

the strategic management office.

D.

senior leadership acting as a team.

Question 16

Who is responsible for ensuring the separation of strategic planning processes from day-to-day operations?

Options:

A.

Chief strategy officer, staff, and consultants

B.

Senior leadership

C.

A committee with one member from each department

D.

A mix of employees from different parts of the organization

Question 17

How do collaborative online tools affect an organization's way of interacting with its customers?

Options:

A.

Can work for or against an organization

B.

Provide various customer feedback tools

C.

Diminish the organization's ability to manage its relationship with customers

D.

Provide instant and continuous communication with customers

Question 18

Which of the following skills do project managers MOST need to implement the strategic plan?

Options:

A.

Manage and coordinate people and tasks

B.

Manage timelines no matter what transpires

C.

Analyze where the project has earned value

D.

Be organized to keep track of important information

Question 19

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

Options:

A.

the processes, systems, and people are interrelated and interdependent.

B.

each department works independently of the others.

C.

the product/service sector in which it is categorized is unique and independent.

D.

the leader is well recognized in the business community.

Question 20

Risk management is BEST described as a process for

Options:

A.

sourcing a complete set of risk options.

B.

classifying types of risks.

C.

evaluating the probability of risks.

D.

identifying risks and mitigation strategies.

Question 21

Which of the following differentiates vision from strategy?

Options:

A.

Vision is "our purpose"; strategy is "our core values and principles"

B.

Vision is "who we are"; strategy is "what products and services we are selling"

C.

Vision is "why we are in business"; strategy is "who we are"

D.

Vision is "our picture of the organization's future"; strategy is "how we plan to go about accomplishing our vision"

Question 22

Which of the following is MOST critical for successful execution of a strategic plan?

Options:

A.

A well-defined budget

B.

Alignment of the organization structure specifically around the mission statement

C.

Translation of the strategy into short-term operating objectives

D.

Organization-wide communication of the vision

Question 23

Which of the following BEST describes the typical sequence of team development?

Options:

A.

Forming, measuring, informing, delivering

B.

Forming, norming, starring, positioning

C.

Forming, storming, norming, performing

D.

Forming, norming, storming, performing

Question 24

How can a strategic planner ensure the planning process is improved over time?

Options:

A.

Use guided imagery to envision the ideal planning process

B.

Set up mechanisms to manage continuous improvement

C.

Review records to see where the organization has been compared to the current situation

D.

Require periodic reports from the organization to track progress

Question 25

When a direct report makes a mistake, the fault belongs to

Options:

A.

no one.

B.

the direct report and supervisor.

C.

the direct report only.

D.

the policies and procedures.

Question 26

As an essential skill for strategic planning professionals, effective communication is BEST demonstrated by

Options:

A.

sending single direction messages to recipients.

B.

interacting to get honest feedback.

C.

broadcasting streaming messages.

D.

sending recurring newsletters.

Question 27

Which of the following often needs to be reworked to make it more strategy-supportive, as a crucial part of the implementation process?

Options:

A.

Budget

B.

Ethical framework

C.

Execution process

D.

Zero-defects mentality

Question 28

Which of the following is the BEST approach to getting buy-in and continuous engagement from stakeholders?

Options:

A.

Tell stakeholders who are against the change that they do not have a choice

B.

Ask stakeholders who are against the change what is needed to get their support

C.

Find ways to bypass the support of stakeholders

D.

Invite key stakeholders to attend an initial planning session to discuss the change

Question 29

Which of the following stages comprise the PDCA cycle?

Options:

A.

Prepare, design, change, assess

B.

Plan, do, check, act

C.

Plan, deliver, collaborate, apply

D.

Propose, describe, consult, approve

Question 30

Which of the following BEST describes the sense of disorientation and the emotional roller coaster experienced by someone who is transferred to work in a new organization, business, or even a new country?

Options:

A.

Stockholm Syndrome

B.

Assimilation

C.

Language Transferrence

D.

Culture Shock

Question 31

The Strategic Planning Professional should know and/or understand how to set up a monitoring and (1) _______ processes and various (2) _______ systems to track key success factors, S.M.A.R.T. goals and implementation of changes anticipated in the strategy.

Options:

A.

(1) Human capital management; (2) communications

B.

(1) Accountability; (2) Information

C.

(1) Customer communications; (2) Data analysis

D.

(1) Meeting minutes recording; (2) Progress reporting

Question 32

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

Options:

A.

False

B.

True

Question 33

Which of the following is the BEST way to resolve difficult issues in developing the strategic plan?

Options:

A.

Organize meetings with select groups and focused agendas

B.

Schedule a single large meeting with a complete agenda

C.

Add the difficult topic to existing regular meetings

D.

Meet one-on-one with key players

Question 34

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

Options:

A.

Differentiation

B.

Cost

C.

Focus

D.

Customer first

Question 35

A cornerstone of strategic management is constant commitment to

Options:

A.

continuous improvement

B.

consensus management

C.

reengineering

D.

quality circles

Question 36

Which of the following is the BEST way to obtain feedback once a draft strategic plan has been created?

Options:

A.

Send a paper copy of the draft strategic plan to stakeholders

B.

Post the draft strategic plan on the website

C.

Meet with key stakeholders

D.

Have the chief executive call the stakeholders

Question 37

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

Options:

A.

Is widely shared among members of the organization

B.

Is broad enough to translate into actions and transactions

C.

Gives the organization a broad range of options on how best to interact with key stakeholders

D.

Is highlighted on the organization's website to enhance its image

Question 38

Which of the following is the BEST method for facilitation among geographically dispersed team members?

Options:

A.

Using a slide show presentation

B.

Making a phone call

C.

Having team members meet each other previously

D.

Using a combination of email, telephone, and online meetings

Question 39

An organization's core values should

Options:

A.

change as key personnel change.

B.

be known by the leadership team only.

C.

be determined by a secret ballot vote.

D.

be clarified and reinforced.

Question 40

Scenario planning and modeling should include

Options:

A.

everyone in an organization.

B.

the organization's best analysis of future business conditions.

C.

only highly likely conditions.

D.

a range of possible future situations.

Question 41

Which of the following is NOT a desired goal of effective pre-meetings?

Options:

A.

Make policy decisions with senior leadership

B.

Resolve political issues

C.

Identify issues

D.

Gather input from participants

Question 42

Which of the following best describes a marketing strategy?

Options:

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.

Defines the organization's product market focus

D.

Drives the operation's strategy

Question 43

Performance management includes comparing an organization's

Options:

A.

Profit and loss statement against its balance sheet

B.

Key performance indicators against its strategic environment

C.

Employee satisfaction levels against employee performance reviews

D.

Actual results against desired results

Question 44

Which of the following communication methods is likely to be MOST effective in obtaining useful employee feedback about the strategic management approach?

Options:

A.

Dialogue between leaders and employees in small group discussions

B.

A customized, well-scripted slide show presentation given by a senior leader

C.

An e-mail message from the senior leader to employees

D.

An article written by a senior leader published in the organization's newsletter

Question 45

Which of the following BEST ensures that front-line employees understand how to help implement an organization's strategic plan?

Options:

A.

Share a brief summary of the plan with all employees

B.

Subject employees to an evaluation confirming they have memorized the organization's mission statement

C.

Integrate the strategic plan with all departmental planning and budgeting

D.

Provide organization-wide general training focused on the concept of strategy implementation

Question 46

Which of the following is the MOST important aspect of customer service?

Options:

A.

Excellence in every aspect

B.

Caring only

C.

High quality goods and services only

D.

Excellence in one specific area only

Question 47

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

Options:

A.

the learning and growth perspective.

B.

financial results.

C.

All of the above.

D.

the customer's as well as an internal perspective.

Question 48

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

Options:

A.

Demonstrate patience because change takes time.

B.

Make modifications to the strategic plan

C.

Restructure the internal advisory team.

D.

Determine the reasons for the plan not working.

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Total 160 questions