Question 1

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

Options :

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

Answer: A

Question 2

Which of the following is NOT characteristic of key stakeholders?

Options :

A : Stakeholders are uninterested in strategic plans

B : Stakeholders can have an impact on the strategic plan

C : Some stakeholders are more critical to change efforts than others

D : Stakeholders are rightfully interested in the outcome of any change management process

Answer: A

Question 3

Which of the following often needs to be reworked to make it more strategy-supportive, as a crucial part of the implementation process?

Options :

A : Budget

B : Ethical framework

C : Execution process

D : Zero-defects mentality

Answer: C

Question 4

When should the chief executive, senior management team, and the planning department begin addressing potential obstacles to implementation of the strategic plan?

Options :

A : During the current state assessment step in strategic planning

B : At the formal kickoff of the strategic planning process

C : During the operational/business unit planning steps

D : At the formal kickoff of the strategic plan implementation

Answer: A

Question 5

Employee commitment should be secured at what point in the strategic management process?

Options :

A : As early as possible

B : Once key analysis has been completed

C : After senior managers have made asset allocation decisions

D : Not until the vision has been approved

Answer: A