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Updated: Aug 05, 2026
Q & A: 163 Questions and Answers
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| Section | Weight | Objectives |
|---|---|---|
| Sales Strategy Development | 25-30% | - Go-to-Market Strategies
|
| Implementation and Execution | 20-25% | - Resource Allocation
|
| Leadership and Communication | 15-20% | - Strategic Communication
|
| Measurement and Optimization | 10-15% | - Analytics and Reporting
|
| Strategic Planning Fundamentals | 20-25% | - Strategic Vision Development
|
1. Which of these actions should be taken first, if and when a strategic plan does not seem to be unfolding as expected?
A) Determine the reasons for the plan not working.
B) Make modifications to the strategic plan
C) Restructure the internal advisory team.
D) Demonstrate patience because change takes time.
2. Which of the following is a characteristic of core competencies?
A) Are common across an industrial segment
B) Cannot be developed or changed
C) Require significant investment
D) Form the basis for activities that create and build value
3. Which of the following BEST describes an effective organizational mission statement?
A) Describes the purpose of the organization, the services and products provided, and how the organization creates value for its customers
B) Is a forward looking and emotionally grabbing sentence that identifies where the organization aspires to be 3 or more years in the future
C) Describes the organization's core values and the key processes used to satisfy its customers and stakeholders
D) Lists strategic goals and performance measures
4. 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 dovetail into the annual budgeting process
C) Top management should do the strategic thinking within the organization
D) Strategic thinking should be integrated into day-to-day decision-making
5. The strategic planning process should include which of the following mechanisms to specifically ensure continuous improvement?
A) Analysis of lessons learned
B) Quarterly reviews conducted by external contractors
C) Annual reviews by the financial team
D) Use of an internal planning committee
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: A |
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