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IASP SPP Exam Syllabus Topics:

IASPStrategy Planning Professional Exam Sample Questions:

1. Which of the following BEST describes an effective organizational mission statement?

A) Is a forward looking and emotionally grabbing sentence that identifies where the organization aspires to be 3 or more years in the future
B) Describes the organization's core values and the key processes used to satisfy its customers and stakeholders
C) Describes the purpose of the organization, the services and products provided, and how the organization creates value for its customers
D) Lists strategic goals and performance measures

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

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

3. Of the many analytical techniques available, which of the following is recommended by Rollinson and Young inStrategy in the 21st Centuryfor analyzing Opportunities, Threats, Strengths and Weaknesses (OTSW) in part because it offers anonymity to participants?

A) Storming and Forming
B) Nominal Group Technique
C) Balanced Scorecard
D) The Delphi Approach

4. In developing a strategic plan, key performance measures should be developed for

A) each step of the final action plan.
B) the organization's desired outcomes.
C) employee satisfaction.
D) the organization's financial goals.

5. Which of the following steps is MOST appropriate when further defining the actions of a strategic plan?

A) Identify which items should be completed in years 1, 2, and 3
B) Contain depiction of the long-term strategic plan to a 3-year horizon
C) Break down long-term strategic plans into annual and project plans
D) Determine success indicators for the 1, 2, and 3-year horizons

Solutions: