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| Section | Weight | Objectives |
|---|---|---|
| Engagement | 15-19% | - Manage knowledge and learning across the organization - Build strategic management capabilities and culture - Facilitate innovation and strategic option development - Align leadership and stakeholders around shared vision and goals |
| Strategy Formulation | 24-28% | - Assess internal and external environment - Develop strategic objectives and initiatives - Evaluate and select strategic alternatives - Define organizational mission, vision, values and strategic direction |
| Strategy Execution, Governance and Evaluation | 26-30% | - Implement strategic plans and monitor progress - Update and adapt strategy based on results and changing conditions - Evaluate strategy effectiveness and outcomes - Manage strategic risks and opportunities |
| Preparation for Strategy Transformation | 27-31% | - Design organizational structure and governance to support strategy - Establish performance measurement systems - Plan change management and communication - Align resources, capabilities and processes |
1. Senior management needs to identify which of the following to ensure progress in execution of the plan?
A) Regular reporting and monitoring
B) Financial schedule
C) Schedule for planning team development
D) Communication schedule
2. Benchmarking is most useful when comparing
A) the organization's process to a similar process in other organizations.
B) best practices to worst practices.
C) different departments within the organization.
D) current processes to past processes.
3. An organization's high-level strategy, including the mission, vision, core values, customer value proposition, and strategic themes or goals, should be developed by
A) the governing board.
B) senior leadership acting as a team.
C) line employees and their supervisors.
D) the strategic management office.
4. During which of the following quality process steps are the roles and responsibilities of project team members finalized and the team established?
A) Quality Planning
B) Quality (Continuous) Improvement
C) Quality Assurance
D) Quality Control
5. When a direct report makes a mistake, the fault belongs to
A) the direct report and supervisor.
B) the direct report only.
C) the policies and procedures.
D) no one.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: A |
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