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SPP Questions and Answers

Question # 6

Well-planned and ongoing communication during the planning process is essential to ensure "buy-in" and continuous engagement ("stay-in") of which of the following groups?

A.

Shareholders

B.

Key internal and external stakeholders, and the Board of Directors

C.

Board of directors

D.

Senior management

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Question # 7

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

A.

Differentiation

B.

Cost

C.

Focus

D.

Customer first

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Question # 8

All of the following are core stakeholders in organization design/redesign EXCEPT:

A.

Senior Management Team

B.

Vendors

C.

Strategic Management Team

D.

Directors

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Question # 9

Which of the following is the MOST important way for employees to view an organization's core values?

A.

A framework for feedback

B.

A guide to daily decisions

C.

An important part of the strategic plan

D.

A way to treat customers

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Question # 10

Which of the following BEST describes the sense of disorientation and the emotional roller coaster experienced by someone who is transferred to work in a new organization, business, or even a new country?

A.

Stockholm Syndrome

B.

Assimilation

C.

Language Transferrence

D.

Culture Shock

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Question # 11

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

A.

Encouraging risk-taking and learning from failure

B.

Mandating strict adherence to existing processes

C.

Limiting employee involvement to top management only

D.

Focusing solely on short-term financial targets

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Question # 12

Which of the following is NOT considered a quality-management-best-practice in support of an organization's strategic direction and core values?

A.

Quantitative measurement

B.

Process redesign

C.

Force-field analysis

D.

Benchmarking

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Question # 13

What are the core elements of the RACI methodology used for coordinating roles?

A.

Requestor, approver, consultant, informer

B.

Realistic, achievable, consulted, informed

C.

Responsible, accountable, consulted, informed

D.

Requires, approves, consults, inquires

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Question # 14

Identifying desired outcomes helps steer a strategic planning process by

A.

releasing emotional energy.

B.

putting a cap on proposed investments.

C.

codifying the leader's perspective.

D.

helping align all participants toward a common orientation.

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Question # 15

A fundamental benefit of using the Balanced Scorecard is that it provides a means to link a long-term strategy with

A.

the learning and growth perspective.

B.

financial results.

C.

All of the above.

D.

the customer's as well as an internal perspective.

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Question # 16

When facilitating a strategic planning meeting, it is BEST to

A.

ensure that discussions proceed quickly so that decisions are made in the time allotted.

B.

pay most attention to what the chief executive says.

C.

set ground rules before the meeting that makes everyone's contribution equally valuable.

D.

give more weight to ideas and decisions from senior and experienced people in the group.

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Question # 17

An organization's high-level strategy, including the mission, vision, core values, customer value proposition, and strategic themes or goals, should be developed by

A.

line employees and their supervisors.

B.

the governing board.

C.

the strategic management office.

D.

senior leadership acting as a team.

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Question # 18

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

A.

Can the measurement be attained at a reasonable cost?

B.

Is there agreement on the measurement?

C.

Can someone be held accountable for the measurement?

D.

Does the measurement actually measure the intended outcome?

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Question # 19

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

A.

provide positive feedback and use caution in exercising accountability in a bad outcome.

B.

adopt a hiring instrument that assures more creative people are hired.

C.

bring in a creative consultant.

D.

modify the organization's policy to allow for educational leave.

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Question # 20

Once integrity is lost, how can it BEST be regained?

A.

It can never be regained

B.

Through consistent, honest actions over time

C.

Through repentance and acknowledgement of errors

D.

By apologizing

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Question # 21

Performance management includes comparing an organization's

A.

Profit and loss statement against its balance sheet

B.

Key performance indicators against its strategic environment

C.

Employee satisfaction levels against employee performance reviews

D.

Actual results against desired results

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Question # 22

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.

Post the draft strategic plan on the website

C.

Meet with key stakeholders

D.

Have the chief executive call the stakeholders

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Question # 23

Which of the following is MOST critical for successful execution of a strategic plan?

A.

A well-defined budget

B.

Alignment of the organization structure specifically around the mission statement

C.

Translation of the strategy into short-term operating objectives

D.

Organization-wide communication of the vision

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Question # 24

Which of the following BEST summarizes what the strategic management and measurement system should measure?

A.

Benchmarks comparing different industry standards

B.

Organization's mission and purpose

C.

Organization's shared vision of the future

D.

Actual progress relative to organizational performance targets

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Question # 25

Who is responsible for ensuring the separation of strategic planning processes from day-to-day operations?

A.

Chief strategy officer, staff, and consultants

B.

Senior leadership

C.

A committee with one member from each department

D.

A mix of employees from different parts of the organization

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Question # 26

How are key stakeholders identified?

A.

Consider the list of the board of directors

B.

Consider those who are most affected by and able to affect the outcomes

C.

Identify organization's highest lifetime value customers

D.

Identify the major corporate shareholders

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Question # 27

Which of the following MUST be present in those who implement strategic plan projects?

A.

Teamwork and management skills

B.

Business development and financial acumen

C.

Facilitation skills

D.

Patience and initiative

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Question # 28

Which of the following is the most important reason for ensuring employee engagement?

A.

No one likes to be surprised

B.

People tend to support what they help create

C.

Resistance from the cynics is overcome

D.

It is part of progressive corporate cultures

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Question # 29

When starting a strategic planning effort, which of the following should be developed FIRST?

A.

Vision and mission

B.

Future initiatives

C.

Objectives

D.

Performance measures and targets

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Question # 30

Which of these actions should be taken first, if and when a strategic plan does not seem to be unfolding as expected?

A.

Demonstrate patience because change takes time.

B.

Make modifications to the strategic plan

C.

Restructure the internal advisory team.

D.

Determine the reasons for the plan not working.

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Question # 31

Which of the following is a symptom of organizational resistance?

A.

Decreased absenteeism

B.

Poor communication

C.

Teamwork

D.

Higher productivity

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Question # 32

Which of the following is generally included in the process of "cascading" an organizational strategy map?

A.

Review employee development plans and performance incentives

B.

Develop strategic objectives, performance measures, and strategic initiatives for business and support units

C.

Write vision and mission statements for each business and support unit

D.

Reorganize business and support units

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Question # 33

Which of the following is a common impediment or barrier to effective strategic planning?

A.

A lack of senior management support

B.

Fully engaged strategic planning staff

C.

Balanced focus on external and internal pressures or trends

D.

Thorough involvement of middle management

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Question # 34

Which of the following is MOST characteristic of strategic thinking?

A.

Strategic thinking should follow a uniform repetitive process within the organization

B.

Strategic thinking should be integrated into day-to-day decision-making

C.

Strategic thinking should dovetail into the annual budgeting process

D.

Top management should do the strategic thinking within the organization

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Question # 35

The strategic planning process should include which of the following mechanisms to specifically ensure continuous improvement?

A.

Annual reviews by the financial team

B.

Analysis of lessons learned

C.

Use of an internal planning committee

D.

Quarterly reviews conducted by external contractors

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Question # 36

Which of the following are the key considerations when determining which performance measure to apply to a strategic objective?

A.

Is easy to track, reports on outcomes soon after the fact, and is accepted by industry leaders

B.

Compares performance against competitors, communicates a positive message to shareholders, is tracked without creating new processes, and is predictive

C.

Is valid and verifiable and helps to balance a mix of both leading and lagging performance indicators

D.

Is linked to financial performance, is requested by the board of directors, gives insight as to what customers are thinking, and is predictive

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Question # 37

Which of the following skills do project managers MOST need to implement the strategic plan?

A.

Manage and coordinate people and tasks

B.

Manage timelines no matter what transpires

C.

Analyze where the project has earned value

D.

Be organized to keep track of important information

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Question # 38

Which of the following BEST describes the typical sequence of team development?

A.

Forming, measuring, informing, delivering

B.

Forming, norming, starring, positioning

C.

Forming, storming, norming, performing

D.

Forming, norming, storming, performing

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Question # 39

When multiple changes are already occurring in an organization, which of the following is the best way to initiate another change?

A.

Survey employees on impact of change at this point in time

B.

Phase in the project in small segments with a few employees

C.

Implement the total project all at once

D.

Provide stress management training first

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Question # 40

Senior management needs to identify which of the following to ensure progress in execution of the plan?

A.

Regular reporting and monitoring

B.

Financial schedule

C.

Communication schedule

D.

Schedule for planning team development

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Question # 41

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

A.

Is widely shared among members of the organization

B.

Is broad enough to translate into actions and transactions

C.

Gives the organization a broad range of options on how best to interact with key stakeholders

D.

Is highlighted on the organization's website to enhance its image

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Question # 42

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

A.

Suppliers

B.

Customers

C.

Substitute products

D.

Industry regulations

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Question # 43

In the Balanced Scorecard strategy map, which of the following themes is focused on the firm's products and services, more so than the other themes?

A.

Increase Customer Value

B.

Build the Franchise

C.

Be a Good Corporate Citizen

D.

Achieve Operational Excellence

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Question # 44

Which of the following is an essential element of any environmental scan?

A.

Long-term climate predictions

B.

Workload analysis

C.

Competitive analysis

D.

Management biographies

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Question # 45

What important and helpful service does an experienced strategy planner provide to the project and continuous improvement teams?

A.

Liaises with senior management on every decision made by the teams involved.

B.

Acts as a trusted advisor.

C.

Ensures only the most brutal facts are raised, while ignoring all others.

D.

Occasionally offers communications coordination.

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Question # 46

Which of the following evaluates actual performance, compares actual performance to goals, and takes action on the differences?

A.

Quality control

B.

Quality design

C.

Quality improvement

D.

Quality planning

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Question # 47

The act of monitoring the activities an organization needs to execute to achieve its strategic objectives can be described as

A.

Oversight

B.

Budgeting

C.

Performance management

D.

Change management

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Question # 48

Which of the following BEST characterizes strategy?

A.

Has several different meanings at different organizational levels

B.

Is a restatement of the organization's mission

C.

Exists only at the enterprise-wide level, not at business unit levels

D.

Is explicitly defined and means the same thing to everyone

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