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IASPStrategy Planning Professional Exam Sample Questions:

1. Which of the following is the best strategy for integrating feedback?

A) Continue to innovate in isolation and eventually everyone will catch up with it
B) Ignore feedback because the organization is the expert in the field
C) Stop the innovation process until feedback is fully integrated
D) Involve the stakeholders in innovation and feedback

2. Risk management is BEST described as a process for

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

3. Scenario planning and modeling should include

A) the organization's best analysis of future business conditions.
B) a range of possible future situations.
C) only highly likely conditions.
D) everyone in an organization.

4. The competitive pressures from substitute products or services tend to be stronger when

A) The quality and performance of substitute products or services is well established.
B) There are many sellers of substitute products or services.
C) The demand for the products or services is not price sensitive.
D) Substitute products or services provide equivalent benefits and switching costs are low.

5. Which of the following stages comprise the PDCA cycle?

A) Plan, do, check, act
B) Prepare, design, change, assess
C) Plan, deliver, collaborate, apply
D) Propose, describe, consult, approve

Solutions: