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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Strategy Execution, Governance and Evaluation | 26-30% | - Evaluate strategy effectiveness and outcomes - Implement strategic plans and monitor progress - Update and adapt strategy based on results and changing conditions - Manage strategic risks and opportunities |
| Topic 2: Strategy Formulation | 24-28% | - Assess internal and external environment - Define organizational mission, vision, values and strategic direction - Evaluate and select strategic alternatives - Develop strategic objectives and initiatives |
| Topic 3: Preparation for Strategy Transformation | 27-31% | - Plan change management and communication - Align resources, capabilities and processes - Design organizational structure and governance to support strategy - Establish performance measurement systems |
| Topic 4: Engagement | 15-19% | - Build strategic management capabilities and culture - Manage knowledge and learning across the organization - Align leadership and stakeholders around shared vision and goals - Facilitate innovation and strategic option development |
1. Which of the following BEST describes an effective organizational mission statement?
A) Lists strategic goals and performance measures
B) Describes the purpose of the organization, the services and products provided, and how the organization creates value for its customers
C) Is a forward looking and emotionally grabbing sentence that identifies where the organization aspires to be 3 or more years in the future
D) Describes the organization's core values and the key processes used to satisfy its customers and stakeholders
2. Which of the following is the BEST approach to getting buy-in and continuous engagement from stakeholders?
A) Find ways to bypass the support of stakeholders
B) Ask stakeholders who are against the change what is needed to get their support
C) Tell stakeholders who are against the change that they do not have a choice
D) Invite key stakeholders to attend an initial planning session to discuss the change
3. Which of the following features would you likely find in an effective communication plan for a new strategic direction?
A) An explanation of the tactics to be used to achieve the vision
B) Clear communication of what the organization wants to achieve
C) Clear links between the overall strategic direction and individual compensation
D) Evidence the communication plan was developed by consultants specializing in communication management
4. The goal of any strategic planning process is to produce a strategic plan that
A) is clear to all who read it.
B) has the complete support of management.
C) supports the realization of the organization's vision
D) consumes as little resources as possible in its development.
5. An organization's business model is likely to be more successful if it
A) focuses primarily on generating profits.
B) aligns with the organization's purpose or mission.
C) matches past industry trends.
D) generates sufficient revenue to sustain itself.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: B |
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