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IASPStrategy Planning Professional Exam Sample Questions:

1. Which of the following is a characteristic of core competencies?

A) Require significant investment
B) Form the basis for activities that create and build value
C) Are common across an industrial segment
D) Cannot be developed or changed

2. Which of the following practices is aligned with the company's purpose, mission, and strategies?

A) Write off and destroy year-end inventories
B) Clear out year-end inventories by expanding into factory outlets
C) Allow high-end department store partners to clear year-end inventories through modest discounting
D) Clear out year-end inventories by exporting to developed overseas markets like China

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

A) Having team members meet each other previously
B) Using a combination of email, telephone, and online meetings
C) Making a phone call
D) Using a slide show presentation

4. An effective organizational vision describes

A) the organization's desired future state.
B) how the organization will create value for its customers.
C) the organization's purpose.
D) what the organization does.

5. What is the key activity when working with middle management on strategic plan implementation?

A) Communicating the strategy and issues
B) Understanding the departmental objectives
C) Listening to staff problems
D) Building buy-in and ownership of the strategy

Solutions: