Test

Question 1: To what extent does strategy planning drive a company’s financial success as measured by outcomes like increased sales and stock price? In other words, which of the following categories most accurately describes the correlation between strategy planning and financial success?

Question 2: What percent of their time do senior executives spend thinking about ways to improve their company’s strategy and strategy plan?

Question 3: What percent of their time do senior executives spend on day-to-day tactical activities, unproductive tasks/meetings, politics/firefighting, and convincing others to listen to their point of view?nd convincing others to listen to their point of view?

Question 4: Senior executives should base their companies’ strategy plans on the most important customer-value drivers, i.e., factors important to their customers. What percent of senior executives correctly identify the three most important customer-value drivers for their company?

Question 5: What percent of senior executives underestimate the impact of increasing customer value on increasing sales?

Question 6: What percent of senior executives are doubtful about the effectiveness of their company’s strategy plan?

Question 7: In a typical company, what percent of senior executives agree with the CEO’s top two strategy objectives?

Question 8: What percent of senior executives agree that other senior executives in their company understand the company’s strategy objectives?

Question 9: What percent of senior executives agree that their company’s strategy plan is aligned with employee needs?

Question 10: What is the correlation between a company having a mission statement and its financial success?