CIPS Exam L4M8 Topic 5 Question 46 Discussion

Actual exam question for CIPS's L4M8 exam

Question #: 46
Topic #: 5

[All L4M8 Questions]

What matrix helps to define how to manage stakeholders?

AExplanation:
Stakeholders are individuals or organizations who are directly affected by a decision for example, community, shareholders, employees, suppliers, distributors, customers etc. stakeholders can be internal (employers, staffs), connected (such as suppliers, shareholders, financers and customers) external (Government, pressure groups, and community).
The matrix that helps define how to manage stakeholders is mendelow's stakeholders manage-ment matrix. This matrix is based on the theory that the level of management stakeholders require depends on the level of their power and interest within the project or organization
The matrix groups stakeholders in to four quadrants according to their power and interest and ad-vice how to manage them.
1) Low power -- Low interest (minimum effort)
2) Low power -- High interest (keep inform)
3) High power -- Low interest (keep satisfied)
4) High power -- high interest (manage closely)

Show Suggested Answer

Suggested Answer: A

by Tammy at Sep 16, 2024, 08:33 PM

Limited Time Offer

25%

Off

Get Premium L4M8 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Antonio

1 months ago

The Mendelow matrix - where the 'low power, low interest' folks get the minimum effort, and the 'high power, high interest' folks get all the attention. It's like a corporate popularity contest, but with spreadsheets.

upvoted 0 times

Eveline

15 days ago

I never realized stakeholders were categorized like that. It's interesting how the matrix helps determine how to manage them.

upvoted 0 times

...

Claudio

1 months ago

Mendelow's matrix, huh? If only there was a version that could also predict when your boss will suddenly decide to 'restructure' the entire department. That would be a real game-changer.

upvoted 0 times

Marta

2 days ago

Yeah, that would definitely be helpful in managing stakeholders.

upvoted 0 times

...

Annette

3 days ago

I wish Mendelow's matrix could predict sudden 'restructuring' too.

upvoted 0 times

...

Juan

2 months ago

The Mendelow matrix, eh? Sounds like something out of a business school textbook. I wonder if there's a version that includes a section on handling stakeholders who just want to play Angry Birds all day.

upvoted 0 times

Gerald

14 days ago

Oh, for stakeholders with low interest, you just need to keep them informed. It's all about finding the right approach for each group.

upvoted 0 times

...

Moira

20 days ago

I know right! It's all about balancing power and interest. But what about those stakeholders who are just not that interested in the project?

upvoted 0 times

...

Orville

29 days ago

Yeah, the Mendelow matrix is a classic tool for managing stakeholders. It really helps to prioritize who to focus on.

upvoted 0 times

...

Gregg

2 months ago

Exactly, it helps in determining how to effectively manage stakeholders.

upvoted 0 times

...

Earleen

2 months ago

It categorizes them based on their power and interest levels.

upvoted 0 times

...

Kami

2 months ago

Ah, the Mendelow matrix - the Swiss Army knife of stakeholder management! I can't get enough of those four quadrants. It's like a power-interest compass for the corporate world.

upvoted 0 times

Eliseo

1 months ago

It really helps to prioritize and tailor our communication and engagement strategies.

upvoted 0 times

...

Cherrie

2 months ago

I agree, the Mendelow matrix is a great tool for managing stakeholders.

upvoted 0 times

...

Rikki

2 months ago

How does the matrix categorize stakeholders?

upvoted 0 times

...

Gregg

2 months ago

Yes, it's Mendelow's stakeholders management matrix.

upvoted 0 times

...

Filiberto

2 months ago

This question seems straightforward. The Mendelow's stakeholder management matrix is the correct answer. It's a useful tool for understanding and managing stakeholders based on their power and interest levels.

upvoted 0 times

...

Rikki

2 months ago

Do you know which matrix helps to define how to manage stakeholders?

upvoted 0 times

...