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IASPStrategy Planning Professional Exam Sample Questions:

1. Which of the following BEST describes value chain analysis?

A) Is the product solely of financial analysis
B) A process that helps calculate value added
C) Measures only critical labor, materials, and support costs
D) A summary of costs

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

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

3. Innovation and creativity come from

A) encouraging our own cross-functional teams to develop original ideas and strategies.
B) asking a single research consultant how people use our products or services.
C) absorbing the strategic best practices of other organizations to identify a metric for judging strategic needs.
D) eliminating all but one of your company's traditional products/services.

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

A) Mismatches between required positions and employees' skillset
B) Adequate understanding of strategic direction by all stakeholders
C) Having the required tools and technology
D) Developing and implementing an effective communication plan

5. "Positioning" is BEST described as

A) an organization's choice of media and strategies for marketing its products/services.
B) an organization's location in relation to its largest segment.
C) what differentiates an organization in the eyes of its customers.
D) the relative value of an organization's stock compared to its competitors.

Solutions: