FREE CALT Strategic Planning & Decision-Making Questions and Answers

Question 1

What is the primary purpose of a SWOT analysis in strategic planning?

Accepted Answer

To evaluate organizational strengths, weaknesses, opportunities and threats

Answer

The primary purpose of a SWOT analysis in strategic planning is to evaluate an organization's internal strengths and weaknesses, as well as external opportunities and threats. This comprehensive assessment provides a clear picture of the organization's current position and helps in formulating effective strategies. It guides decision-making by highlighting areas for improvement and potential growth.

Question 2

Which decision-making model is best for urgent situations with limited information?

Accepted Answer

Intuitive model

Answer

The intuitive decision-making model is best suited for urgent situations with limited information. This model relies on experience, gut feelings, and pattern recognition rather than extensive data analysis. While not always ideal for complex strategic decisions, it allows for rapid responses when time is critical and complete information is unavailable.

Question 3

What is the key benefit of scenario planning in strategy development?

Accepted Answer

It prepares for multiple potential futures

Answer

The key benefit of scenario planning in strategy development is that it prepares an organization for multiple potential futures. Instead of predicting a single future, it explores various plausible scenarios, allowing leaders to develop robust strategies that can adapt to different circumstances. This enhances organizational resilience and agility in an uncertain environment.

Question 4

Which element is NOT part of SMART goals?

Accepted Answer

Flexible

Answer

SMART goals are Specific, Measurable, Achievable, Relevant, and Time-bound. The element "Flexible" is NOT part of the standard SMART criteria. While adaptability is important in strategy, SMART goals emphasize clarity and defined parameters to ensure objectives are clear and progress can be tracked effectively.

Question 5

What is the primary purpose of a balanced scorecard?

Accepted Answer

To track multiple strategic perspectives

Answer

The primary purpose of a balanced scorecard is to track multiple strategic perspectives beyond just financial performance. It typically includes financial, customer, internal business process, and learning and growth perspectives. This holistic approach provides a comprehensive view of organizational performance and helps align activities with strategic goals.

CALT - Certified Advanced Leadership Training Practice Test

CALT - Certified Advanced Leadership Training Practice Test

FREE CALT Strategic Planning & Decision-Making Questions and Answers