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

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

3. Which of the following is NOT a benefit of portfolio planning?

A) Provides framework that can be adapted to each organization's needs
B) Yields higher-quality strategies
C) Gives organization-wide visibility concerning strategic performance
D) Decentralizes control strategy

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. To best respond to the question "what is our business?" Peter Drucker emphasized looking at the business from the standpoint of the:

A) Organization's mission statement
B) Employees' assumptions
C) Articles of incorporation
D) Realities, situation, expectations, viewpoint, behaviour, and values of your customers

Solutions: