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IASPStrategy Planning Professional Exam Sample Questions:

1. According to the concept of Blue Ocean Strategy, blue oceans represent

A) highly competitive markets
B) presently defined market space
C) regulated markets
D) untapped market space

2. An organization's business model is likely to be more successful if it

A) focuses primarily on generating profits.
B) matches past industry trends.
C) generates sufficient revenue to sustain itself.
D) aligns with the organization's purpose or mission.

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

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

4. The main value of the balanced scorecard model lies in its emphasis on forging a balanced approach to measuring and managing strategic control factors. To this end, an attribute of a complete Balanced Scorecard is that it includes a mixture of

A) Operating and financial objectives
B) Financial accountability-focused, customer-focused, internal process-focused and learning and growth- focused strategic objectives
C) Profit and non-profit objectives
D) Historical, financial, operating, and strategic measures

5. What process is adopted by an organization to minimize disruption when implementing a new strategic plan?

A) Strategic management
B) Change management
C) Project management
D) Environmental scanning

Solutions: