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IASPStrategy Planning Professional Exam Sample Questions:

1. Risk management is BEST described as a process for

A) evaluating the probability of risks.
B) identifying risks and mitigation strategies.
C) sourcing a complete set of risk options.
D) classifying types of risks.

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

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

3. When considering who should lead a planning team, it is appropriate to make sure that the person

A) subscribes to the same values as the other team members.
B) is true to the organization's values and can inspire others to live them.
C) is comfortable with the organization's values.
D) has values that can take the organization to the next level.

4. Which of the following best describes the role of leadership in fostering a culture of innovation within an organization?

A) Limiting employee involvement to top management only
B) Mandating strict adherence to existing processes
C) Focusing solely on short-term financial targets
D) Encouraging risk-taking and learning from failure

5. Which of the following is the LEAST effective growth strategy?

A) Divestiture of noncore businesses/programs
B) International expansion
C) Acquisition of a key competitor
D) Vertical integration

Solutions: