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IASPStrategy Planning Professional Exam Sample Questions:

1. According to the concept of Blue Ocean Strategy, blue oceans represent

A) highly competitive markets
B) untapped market space
C) presently defined market space
D) regulated markets

2. Which of the following is MOST important in designing a measurement for a strategic goal?

A) Is there agreement on the measurement?
B) Can someone be held accountable for the measurement?
C) Can the measurement be attained at a reasonable cost?
D) Does the measurement actually measure the intended outcome?

3. To foster a culture of risk taking and creativity, leaders should

A) adopt a hiring instrument that assures more creative people are hired.
B) provide positive feedback and use caution in exercising accountability in a bad outcome.
C) modify the organization's policy to allow for educational leave.
D) bring in a creative consultant.

4. An organization's business model is likely to be more successful if it

A) aligns with the organization's purpose or mission.
B) focuses primarily on generating profits.
C) matches past industry trends.
D) generates sufficient revenue to sustain itself.

5. Which of the following LEAST contributes to customer value?

A) Providing a caring customer service
B) Enticing customers to participate in surveys
C) Providing customer appreciation
D) Anticipating and adjusting for the psychological cost of the product to the customer

Solutions: