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IASPStrategy Planning Professional Exam Sample Questions (Q145-Q150):
NEW QUESTION # 145
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. Determine the reasons for the plan not working.
- C. Restructure the internal advisory team.
- D. Make modifications to the strategic plan
Answer: B
Explanation:
The first action when a strategic plan is not progressing as expected is todetermine the root causesof underperformance or obstacles. This diagnostic step enables targeted interventions and avoids premature or misguided changes. The IASP SPP curriculum emphasizes the importance of analysis before adjustment, supporting informed decision-making to correct course effectively.#IASP SPP Study Guide - Performance Monitoring##Kaplan & Norton, Balanced Scorecard#
NEW QUESTION # 146
What should a leader do FIRST after making a mistake?
- A. Correct the problem
- B. Acknowledge the mistake
- C. Determine the right answer and actions
- D. Determine who else contributed
Answer: B
Explanation:
The first step a leader should take after making a mistake is toacknowledge it openly. This demonstrates accountability, builds trust, and sets a tone of integrity that encourages transparency throughout the organization. The IASP SPP curriculum stresses that acknowledgment is essential before corrective actions or root cause analysis can be effective. Failure to acknowledge mistakes can erode credibility and morale. Once acknowledged, leaders can collaboratively work toward solutions and learning from the experience.#IASP SPP Study Guide - Leadership Integrity##Goleman, Emotional Intelligence#
NEW QUESTION # 147
Which of the following best describes a Balanced Scorecard strategy map?
- A. Generic architecture for describing an organization's strategy
- B. Two-dimensional matrix describing the mission and vision of an organization
- C. Organization's value creation map
- D. Inventory of the strategic goals and objectives of an organization
Answer: A
Explanation:
ABalanced Scorecard strategy mapis a generic architecture that graphically describes an organization's strategy, showing cause-and-effect relationships among strategic objectives across perspectives such as financial, customer, internal processes, and learning/growth. The IASP SPP curriculum highlights its utility for communicating and aligning strategy across levels. It is more comprehensive than an inventory or matrix.
#IASP SPP Study Guide - Balanced Scorecard##Kaplan & Norton, Balanced Scorecard#
NEW QUESTION # 148
An organization's choice to lower quality standards via budget cuts, rather than investing so as to achieve higher quality standards, is an example of
- A. escalation.
- B. eroding goals.
- C. shifting the burden.
- D. motivation.
Answer: B
Explanation:
Eroding goalsrefers to the gradual lowering of performance or quality standards to cope with challenges or budget constraints, which undermines long-term strategic success. Rather than investing to improve quality, the organization reduces expectations to fit limited resources. This can become a dangerous cycle leading to deteriorated products, services, and competitiveness. The IASP SPP curriculum highlights eroding goals as a common pitfall in strategy implementation, emphasizing the need to maintain high standards or innovate rather than compromise quality.#IASP SPP Study Guide - Strategy Risks and Pitfalls##Senge, The Fifth Discipline#
NEW QUESTION # 149
The act of monitoring the activities an organization needs to execute to achieve its strategic objectives can be described as
- A. Oversight
- B. Change management
- C. Budgeting
- D. Performance management
Answer: D
Explanation:
Performance managementis the ongoing process of tracking organizational activities to ensure they align with strategic objectives. It involves setting targets, measuring results, analyzing variances, and taking corrective actions. The IASP SPP curriculum positions performance management as central to translating strategy into results, supporting accountability and continuous improvement. Oversight is a governance function, budgeting allocates resources, and change management handles transitions, but performance management integrates these elements for strategic success.#IASP SPP Study Guide - Performance Management##Kaplan & Norton, Balanced Scorecard#
NEW QUESTION # 150
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