Strategic Planning Quiz

According to Simon Sinek, where should organizations start their strategic planning?

• A) With what

• B) With how

• C) With why

What is the main focus of a vision statement?

• A) Detailing the operational processes

• B) Setting the annual financial targets

• C) Describing an inspirational future of the company

Goals in the context of strategy are:

• A) Detailed action plans

• B) Broad primary outcomes the company wants to achieve

• C) Monthly performance metrics

What is the primary purpose of having a clear strategy for organizations?

• A) To increase employee satisfaction

• B) To guide decision-making and resource allocation

• C) To simplify operational processes

What does the GOST model stand for?

• A) Growth, Opportunities, Strategies, Threats

• B) Goals, Objectives, Strategies, Tactics

• C) Governance, Operations, Systems, Technology

Which of the following is NOT a part of SWOT analysis?

• A) Opportunities

• B) Threats

• C) Returns

What defines a mission statement?

• A) The financial goals of an enterprise

• B) The fundamental purpose of an enterprise

• C) The future vision of the company

Which parts of the SWOT analysis are considered internal to an organization?

• A) Strengths and Opportunities

• B) Strengths and Weaknesses

• C) Opportunities and Threats

Porter's Five Forces include all the following EXCEPT:

• A) Supplier Power

• B) Customer Loyalty

• C) Competitive Rivalry

In strategic planning, objectives should be SMART, which stands for:

• A) Simple, Measurable, Attainable, Relevant, Timely

• B) Strategic, Marketable, Achievable, Reactive, Tangible

• C) Specific, Massive, Actionable, Reflective, Total