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IASPStrategy Planning Professional Exam Sample Questions:

1. Which of the following BEST characterizes strategy?

A) Has several different meanings at different organizational levels
B) Is explicitly defined and means the same thing to everyone
C) Is a restatement of the organization's mission
D) Exists only at the enterprise-wide level, not at business unit levels

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

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

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

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

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

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

5. 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

A) motivation.
B) eroding goals.
C) shifting the burden.
D) escalation.

Solutions: