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IASPStrategy Planning Professional Exam Sample Questions:

1. Which of the following is NOT one of Michael Porter's three basic strategies?

A) Cost
B) Customer first
C) Focus
D) Differentiation

2. Which of the following is NOT included in Porter's Five Forces Model?

A) Threat of new entrants and substitute products
B) Bargaining power of customers and suppliers
C) Level of competition in an industry
D) Pace of technological advance

3. What is the typical role of middle management in organizational design / redesign?

A) Gains clarity on the alignment between strategy execution and organizational design, but withholds this knowledge from team members because it is high level
B) Works with the strategy management and senior management teams to develop the organizational design and communicate decisions to team members to ensure comprehension and alignment across the organization
C) Holds sole responsibility for the development of the organizational design / redesign
D) Works with the strategy office and senior management to develop the organizational design

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

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

5. Which of the following best describes core competencies?

A) Can lead to competitive advantage
B) Are easily identified and explained
C) Are derived from core principles
D) Rarely change over time

Solutions: