Strategic Planning Practice Exam

Strategic Planning Practice Exam

Strategic planning refers to the practice to define and develop plans for the company for their future by detailing resources needed and their allocation to achieve the long term goals. It involves setting long-term goals, analyze internal and external environments, and develop a roadmap to achieve the goals. Strategic planning enables companies to adapt to changing markets, and optimize their operations.
Certification in Strategic Planning attests to your skills and knowledge to develop and implement strategic plans for the company for its growth. This certification assess you in analyze market trends, set organizational goals, assign resources, and measure progress.
Why is Strategic Planning certification important?

• The certification attests to your skills and knowledge of long-term business strategy development.
• Validates your expertise in setting clear business objectives and goals.
• Increases your career opportunities in leadership and executive roles.
• Equips you with the tools to analyze market trends and organizational needs.
• Shows your skills to align resources and optimize business processes.
• Strengthens your strategic decision-making and critical thinking skills.
• Provides you a formal recognition of skills in strategic management.

Who should take the Strategic Planning Exam?

• Business Strategist
• Chief Executive Officer (CEO)
• Strategic Planning Manager
• Operations Manager
• Business Development Manager
• Corporate Strategy Analyst
• Project Manager
• Marketing Manager
• Financial Planner
• Management Consultant

Skills Evaluated

Candidates taking the certification exam on the Strategic Planning is evaluated for the following skills:

• Market trends
• Business objectives
• Strategic plans.
• Action plans
• Allocating resources
• Measure and evaluate the success
• Communicating strategic goals
• Business models
• Decision-making.
• Leading skills
• Managing change
• Factors impacting strategy.

Strategic Planning Certification Course Outline
The course outline for Strategic Planning certification is as below -

Domain 1. Fundamentals of Strategic Planning

• Key principles and concepts of strategic planning

• The role of strategic planning in organizational success

Domain 2. Environmental Analysis

• Conducting SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis

• Understanding PESTEL (Political, Economic, Social, Technological, Environmental, Legal) factors

• Market research techniques for competitive analysis

Domain 3. Setting Organizational Goals

• Defining short-term and long-term business objectives

• Aligning goals with business vision and mission

Domain 4. Strategy Formulation

• Identifying strategic options and decision-making models

• Business-level and corporate-level strategies

• Competitive strategy frameworks (Porter’s Five Forces, Blue Ocean Strategy)

Domain 5. Implementation of Strategy

• Creating actionable plans and assigning responsibilities

• Resource allocation and budgeting for strategic initiatives

• Managing operational processes during strategy implementation

Domain 6. Monitoring and Evaluating Strategic Plans

• Key Performance Indicators (KPIs) and metrics for success

• Using Balanced Scorecard for strategy evaluation

• Continuous improvement through feedback loops

Domain 7. Leadership and Change Management

• Leading organizational change in alignment with strategy

• Building and motivating cross-functional teams