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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Strategy Formulation | 24-28% | - Define organizational mission, vision, values and strategic direction - Develop strategic objectives and initiatives - Evaluate and select strategic alternatives - Assess internal and external environment |
| Topic 2: Engagement | 15-19% | - Align leadership and stakeholders around shared vision and goals - Facilitate innovation and strategic option development - Manage knowledge and learning across the organization - Build strategic management capabilities and culture |
| Topic 3: Preparation for Strategy Transformation | 27-31% | - Design organizational structure and governance to support strategy - Align resources, capabilities and processes - Plan change management and communication - Establish performance measurement systems |
| Topic 4: 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 |
1. Which of these actions should be taken first, if and when a strategic plan does not seem to be unfolding as expected?
A) Make modifications to the strategic plan
B) Restructure the internal advisory team.
C) Determine the reasons for the plan not working.
D) Demonstrate patience because change takes time.
2. Performance management includes comparing an organization's
A) Employee satisfaction levels against employee performance reviews
B) Profit and loss statement against its balance sheet
C) Actual results against desired results
D) Key performance indicators against its strategic environment
3. In the Balanced Scorecard strategy map, which of the following themes is focused on the firm's products and services, more so than the other themes?
A) Achieve Operational Excellence
B) Build the Franchise
C) Increase Customer Value
D) Be a Good Corporate Citizen
4. The alignment of the organization's redesign with strategy can be hindered by:
A) Adequate understanding of strategic direction by all stakeholders
B) Developing and implementing an effective communication plan
C) Having the required tools and technology
D) Mismatches between required positions and employees' skillset
5. Which of the following is an appropriate technique to ensure staff members have a greater chance of achieving their goals?
A) Break the challenge into manageable parts and address the hurdles to strategy execution
B) Hire a consultant to assist in restructuring to achieve a flatter organization
C) Assemble a coalition with a clear and simple message to encourage the masses
D) Build a top management team with strong functional skills that strives to create mutually beneficial outcomes
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: A |
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