Strategic Planning Flashcards

In a Balanced Scorecard, which perspective measures employee skills, culture, and information systems?

Answer: Learning and Growth

The Learning and Growth perspective addresses people, culture, and infrastructure capabilities that drive future performance.

A coach asks, 'If you could only accomplish three things this year, what would they be?' What strategic planning principle does this question support?

Answer: Prioritization and focus

Limiting the number of priorities forces focus on what matters most strategically.

Which tool visually links objectives across perspectives to show cause-and-effect relationships in a strategy?

Answer: Strategy map

Strategy maps, developed by Kaplan and Norton, illustrate causal links among strategic objectives.

A client's division is losing market share in a mature, slow-growth market but holds a high share. In the BCG Matrix, this business is best described as what?

Answer: Cash Cow

A Cash Cow has high market share in a low-growth market and typically generates steady cash.

When coaching a leader through scenario planning, what is the main purpose of developing multiple plausible futures?

Answer: To build flexibility and test strategy against different uncertainties

Scenario planning prepares leaders to adapt by stress-testing strategies across several possible futures.

OKRs (Objectives and Key Results) differ from traditional goals primarily because key results are what?

Answer: Measurable outcomes that indicate progress toward a qualitative objective

Key results are specific, measurable outcomes that show whether the objective is being achieved.

A coach helps a leader identify which internal resources are valuable, rare, hard to imitate, and organized for use. Which framework is this?

Answer: VRIO analysis

VRIO evaluates resources for Value, Rarity, Imitability, and Organization to identify sustainable competitive advantage.