Strategic Planning & Vision Flashcards
7 cards from real CBC practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Strategic Planning & Vision flashcards as text
A coach is guiding a family business through succession planning. Why should succession be treated as part of strategic planning?
Answer: Leadership continuity directly affects the company's ability to achieve its long-term vision
Because leadership transitions shape long-term direction and stability, succession planning is integral to achieving strategic goals.
During strategy development, a client discovers a core competency competitors cannot easily copy. What is this an example of?
Answer: A source of sustainable competitive advantage
Hard-to-imitate core competencies form the basis of sustainable competitive advantage in strategy frameworks.
A client's strategic plan has clear goals but no assigned owners or deadlines for initiatives. What execution problem is most likely?
Answer: Accountability gaps will cause initiatives to stall
Without owners and deadlines, no one is accountable for progress, so initiatives typically drift and stall.
Which question best helps a coach test whether a client's vision statement is effective?
Answer: Does it inspire and give clear direction to people across the organization?
An effective vision is concise, inspiring, and directional, motivating people toward a shared future rather than cataloguing details.
A coach helps a client run scenario planning. What is the primary benefit of this exercise?
Answer: It prepares the organization to respond to multiple plausible futures rather than betting on one forecast
Scenario planning builds readiness by exploring several plausible futures and stress-testing strategy against each.
A client wants to differentiate on both lowest price and premium bespoke service for every customer. What strategic concern should the coach raise?
Answer: Pursuing conflicting generic strategies can leave the business 'stuck in the middle' with no clear position
Porter's generic strategy framework warns that chasing cost leadership and differentiation simultaneously often produces a muddled, uncompetitive position.
What role should a business coach primarily play during a client's strategic planning retreat?
Answer: Facilitate the process with powerful questions while the client owns the decisions
Coaches facilitate thinking and process through questioning; ownership of strategic decisions stays with the client.