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IASP SPP Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Strategy Formulation | 24-28% | - Evaluate and select strategic alternatives - Develop strategic objectives and initiatives - Assess internal and external environment - Define organizational mission, vision, values and strategic direction |
| Preparation for Strategy Transformation | 27-31% | - Plan change management and communication - Design organizational structure and governance to support strategy - Establish performance measurement systems - Align resources, capabilities and processes |
| Engagement | 15-19% | - Build strategic management capabilities and culture - Facilitate innovation and strategic option development - Manage knowledge and learning across the organization - Align leadership and stakeholders around shared vision and goals |
| Strategy Execution, Governance and Evaluation | 26-30% | - Manage strategic risks and opportunities - Implement strategic plans and monitor progress - Update and adapt strategy based on results and changing conditions - Evaluate strategy effectiveness and outcomes |
IASPStrategy Planning Professional Exam Sample Questions:
Question 1
What is the key activity when working with middle management on strategic plan implementation?
A. Building buy-in and ownership of the strategy
B. Listening to staff problems
C. Understanding the departmental objectives
D. Communicating the strategy and issues
Question 2
Employee commitment should be secured at what point in the strategic management process?
A. Not until the vision has been approved
B. After senior managers have made asset allocation decisions
C. As early as possible
D. Once key analysis has been completed
Question 3
Which of the following is MOST critical for successful execution of a strategic plan?
A. A well-defined budget
B. Translation of the strategy into short-term operating objectives
C. Alignment of the organization structure specifically around the mission statement
D. Organization-wide communication of the vision
Question 4
Which of the following practices is aligned with the company's purpose, mission, and strategies?
A. Clear out year-end inventories by expanding into factory outlets
B. Write off and destroy year-end inventories
C. Allow high-end department store partners to clear year-end inventories through modest discounting
D. Clear out year-end inventories by exporting to developed overseas markets like China
Question 5
Which of the following is the BEST way to resolve difficult issues in developing the strategic plan?
A. Schedule a single large meeting with a complete agenda
B. Organize meetings with select groups and focused agendas
C. Meet one-on-one with key players
D. Add the difficult topic to existing regular meetings
Solutions:
| Question 1 Answer: A | Question 2 Answer: C | Question 3 Answer: B | Question 4 Answer: C | Question 5 Answer: B |
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