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IASPStrategy Planning Professional Exam Sample Questions (Q137-Q142):

NEW QUESTION # 137
Which of the following differentiates vision from strategy?

A. Vision is "who we are"; strategy is "what products and services we are selling"
B. Vision is "our picture of the organization's future"; strategy is "how we plan to go about accomplishing our vision"
C. Vision is "our purpose"; strategy is "our core values and principles"
D. Vision is "why we are in business"; strategy is "who we are"

Answer: B

Explanation:
Vision definesthe organization's aspirational future state or "picture of the future", while strategy outlinesthe approach or plan for achieving that vision. The IASP SPP curriculum clarifies that vision inspires and guides, while strategy operationalizes vision through concrete actions and resource allocation.
This distinction is fundamental for effective strategic planning and communication.#IASP SPP Study Guide - Vision and Strategy##Drucker, The Practice of Management#

NEW QUESTION # 138
Which of the following is an essential element of any environmental scan?

A. Workload analysis
B. Long-term climate predictions
C. Management biographies
D. Competitive analysis

Answer: D

Explanation:
An environmental scan is a critical first step in strategic planning, involving the collection and analysis of information about external and internal factors that can affect the organization. Among essential elements, competitive analysisis fundamental as it helps identify the organization's competitors, their strengths and weaknesses, and potential threats or opportunities in the competitive landscape. This aligns with IASP's focus on understanding external environmental factors, as the competitive environment directly influences strategic decision-making. Long-term climate predictions or workload analysis, while potentially useful in some contexts, are not universally essential, and management biographies are internal data that do not inform external environmental scanning. Competitive analysis enables organizations to proactively position themselves in the market and anticipate changes that impact strategic success.#IASP SPP Study Guide - Environmental Scanning##Porter, M.E. Competitive Strategy, 1980#

NEW QUESTION # 139
The MOST effective way for senior management to communicate an organization's core values to employees is by

A. Occasionally citing them when presenting a specific reward
B. Setting a leadership example and modeling the core values
C. Discussing them with top-performing employees only, during performance evaluations
D. Posting them to social media applications

Answer: B

Explanation:
The most effective communication of core values is throughleadership modeling, where senior management exemplifies the values in behavior and decisions. The IASP SPP curriculum stresses that actions speak louder than words, and authentic leadership behavior builds culture and trust. Passive or selective communication is insufficient for deep cultural integration.#IASP SPP Study Guide - Organizational Culture##Schein, Organizational Culture and Leadership#

NEW QUESTION # 140
Which of the following BEST represent the macro level factors to include in an environmental scan?

A. Geopolitical, sociocultural, economic, technology, environmental, and industry trends
B. Regulatory, customer, competitive, labor, and supplier trends
C. Patterns of competition, technology, usage/consumption/service buying patterns, and barriers to exit
D. Industry life cycle, demographics, changing profile of current customers, international trends, and events pertaining to the industry

Answer: A

Explanation:
Macro-level environmental scanning focuses on broad external forces, includinggeopolitical, sociocultural, economic, technological, environmental, and industry trends(PESTEL analysis). These factors shape the context within which organizations operate, influencing opportunities and risks. The IASP SPP curriculum stresses that understanding these macro factors enables proactive strategy formulation and risk mitigation.
Other options describe micro or industry-specific factors, which are important but secondary to the overarching macro environment.#IASP SPP Study Guide - Environmental Scanning##Aguilar, Scanning the Business Environment#

NEW QUESTION # 141
Which of the following best describes core competencies?

A. Are derived from core principles
B. Are easily identified and explained
C. Can lead to competitive advantage
D. Rarely change over time

Answer: C

Explanation:
Core competencies areunique organizational capabilities that can create and sustain competitive advantageby enabling differentiation and value creation. The IASP SPP curriculum highlights their strategic importance for positioning and growth. While core competencies may evolve, they are not always easy to identify or derive solely from principles, requiring deep analysis.#IASP SPP Study Guide - Core Competencies##Prahalad & Hamel, The Core Competence of the Corporation#

NEW QUESTION # 142
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