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CEPA Terms - Session 3: Questions & Answers (100%) $9.99   Add to cart

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CEPA Terms - Session 3: Questions & Answers (100%)

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CEPA Terms - Session 3: Questions & Answers (100%)

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  • September 29, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CEPA
  • CEPA
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LeCrae
CEPA Terms - Session 3: Questions & Answers (100%)

What are the elements of Relentless Execution (VAAR)? Right Ans - Vision,
Alignment, Accountability, Rhythm

What are S.M.A.R.T. Goals? Right Ans - Specific, Measurable, Aspirational,
Realistic, Time-Based

What are the three main areas of Goals in Exit Planning Assessment? Right
Ans - Personal, Financial, Business

How do you test your Vision (BPOF)? Right Ans - Belief, Passion,
Opportunity, Focus

What three value systems tend to conflict when determining success (FOM)?
Right Ans - Family, Owner, Management

What is the ideal timeframe when considering goals and vision? Right Ans -
3-10 years

What is the "fourth gap" that many companies face, that results in a failure to
achieve their plans. Right Ans - Failure to Execute

What are 6 features of Workshops that distinguish them from normal
meetings? Right Ans - 1. Gathers the right people
2. Time constrained (2-3 hours)
3. Encourages input and outcomes
4. Facilitates buy-in
5. Conversational/mindshare
6. Promotes decision making and ACTION

What two workshops typically occur after the conclusion of a triggering
event? Right Ans - Personal Envisioning workshop, and Business
Envisioning workshop.

What are 5 drivers of your personal vision? Right Ans - 1. Personal Identity
2. Financial Security
3. Health Status
4. Family Responsibilities

, 5. Partner and Family situations

When it comes to developing personal goals, what does the acronym S.T.E.P.
stand for? Right Ans - Spiritual, Things, Experiences, People

Personal success areas Right Ans - Family and friends
Self Worth
Philanthropy
Health
Fun
S.T.E.P (Spiritual, Things, Experiences, People)

Financial success areas Right Ans - Need vs. want
Risk
Income
Personal Wealth
Retirement security

Business success areas Right Ans - Clarity of direction
Value factors
Salability
Viability
Predictability

What are the benefits of a start-stop workshop? Right Ans - - Let's us get a
deeper look into the company culture (or the culture of the family behind the
business).
- A start-stop workshop is useful to determine inside versus outside reality
- A start-stop workshop can help you understand informal politics and
leadership in the company
- A start-stop workshop determines what things you do well from a customer
standpoint

What are the 7 Action Plan workshops? Right Ans - 1. Envisioning - Owner
(upper management/key family)
2. Team Education
3. Strategic Framework I (3 - 10 years) (management/family/champions)
4. Strategic Framework II (1-Year, 90-Day Big Rocks)
5.Team Alignment (details/milestones/resources)

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