CBS Strategic Planning & Execution 2

Question 1

Which framework helps organizations translate strategic objectives into measurable operational metrics across four perspectives?

Accepted Answer

Balanced Scorecard

Answer

The Balanced Scorecard translates strategy into measurable metrics across financial, customer, internal process, and learning & growth perspectives.

Question 2

A company sets a 5-year revenue goal but fails to define quarterly milestones. This is an example of poor:

Accepted Answer

Execution planning

Answer

Execution planning requires breaking long-term goals into actionable, time-bound milestones to enable tracking and accountability.

Question 3

In the context of strategy execution, a 'cascade' refers to:

Accepted Answer

Aligning corporate strategy down to team and individual goals

Answer

Cascading strategy means translating high-level corporate goals into department, team, and individual objectives to ensure alignment.

Question 4

Which of the following best describes a 'strategic gap'?

Accepted Answer

The difference between current performance and desired future performance

Answer

A strategic gap is the difference between where an organization currently is and where its strategy requires it to be.

Question 5

An organization uses scenario planning primarily to:

Accepted Answer

Prepare for multiple possible futures and build strategic flexibility

Answer

Scenario planning prepares organizations to respond effectively to a range of plausible futures rather than betting on one prediction.

(CBS) Certified Business Strategist Practice Test