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IASPStrategy Planning Professional Exam Sample Questions:

1. Which of the following is the BEST way to obtain feedback once a draft strategic plan has been created?

A) Send a paper copy of the draft strategic plan to stakeholders
B) Have the chief executive call the stakeholders
C) Meet with key stakeholders
D) Post the draft strategic plan on the website

2. Which of the following BEST describes an effective core organizational value?

A) Is widely shared among members of the organization
B) Gives the organization a broad range of options on how best to interact with key stakeholders
C) Is highlighted on the organization's website to enhance its image
D) Is broad enough to translate into actions and transactions

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

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

4. Which of the following is NOT one of Porter's original Five Forces of industry analysis?

A) Substitute products
B) Suppliers
C) Customers
D) Industry regulations

5. Which of the following is a characteristic of core competencies?

A) Are common across an industrial segment
B) Cannot be developed or changed
C) Form the basis for activities that create and build value
D) Require significant investment

Solutions: