Exam (elaborations)
CEPA (Goals And Objectives) Day 3 – Questions With Answers
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CEPA (Goals And Objectives) Day 3 – Questions With Answers
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CEPA (Goals And Objectives) Day 3 – Questions WithAnswers
core capabilities of the Value Advisor core capabilities Right Ans - include
engaging advisors, resolve conflicts, and focusing on enterprise value
When is a good time to establish goals and objectives with a business owner
within the Value Acceleration Methodology™? Right Ans - After discovering
and discussing themes from the Triggering Event with the business owner
Relentless Execution Right Ans - Vision
Alignment
Accountability
Rhythm
3 Success Areas Right Ans - How vision and purpose affect these area. Are
these 3 things aligned:
Personal (what defines success)
Financial (What defines success here)
Business (What does success mean from business)
Set Goals in each success areas
SMART Goals Right Ans - Specific, Measurable, Aspirational, Realistic, Time
based
Creating action plans is associated with which activity of Relentless
Execution?* Right Ans - Alignment
Which activity do you need to complete to create personal and business action
plans? Right Ans - Establish personal and business priorities
Determine and committing business resources
Define the personal financial deliverable or outcome expected
, When is an Opportunity Assessment completed? Right Ans - Before the
scoreboard and team communication protocols are developed
After the personal vision is established and 90-day personal actions are
selected
Prioritize Values Right Ans - What to work on in what order:
1) Derisking
2) Strategy
3) Efficiency
4) Growth
5) Culture
Result is Growth
In what gate do you create a personal action plan for the business owner?
Right Ans - Gate 1 and Discover Gate
What are the 3 gates Right Ans - Gate 1: Discover
Gate 2: Prepare
Gate 3: Decide
Prioritizing actions for action pan Right Ans - 1) Derisk
2) Strategy
3) Efficiency
4) Growth
5) Culture
What Gaps do we need to understand? Right Ans - Wealth Gap
Profit Gap
Value Gap
Analysis of Business Situation Right Ans - Understand Gaps
Alignment (identify scoring discrepancies- one partner thinks things are
better than another)
Creating action plans is an important deliverable in which stage of the process
of relentless execution? Right Ans - Alignment
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