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CIPS L4M8 Exam - Topic 5 Question 46 Discussion

What matrix helps to define how to manage stakeholders?
A) Explanation: 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)

CIPS L4M8 Exam - 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?

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Suggested Answer: A

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

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Jovita
9 months ago
I had no idea there were quadrants for this!
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Emile
9 months ago
Makes sense, but what if their interest changes over time?
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Thad
10 months ago
Wait, so low power but high interest still needs to be kept informed? Sounds odd.
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Ivory
10 months ago
Totally agree, it's super useful for project management.
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Merilyn
10 months ago
I think it's called Mendelow's matrix!
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Melodie
10 months ago
I feel like I should know this, but I can't recall the exact details of how to manage each type of stakeholder.
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Brandon
11 months ago
This question reminds me of a practice quiz where we had to identify stakeholders for a project. I think I got the quadrants right, but I need to double-check.
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Latricia
11 months ago
I think the matrix categorizes stakeholders based on their power and interest, but I might mix up the quadrants under pressure.
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Claudio
11 months ago
I remember studying Mendelow's matrix, but I'm not entirely sure how to apply it in real scenarios.
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Matthew
11 months ago
I'm a bit unsure about this one. I know stakeholder management is important, but I can't recall the specific name of the matrix that's being referenced in the question. I'll have to think this through carefully and see if I can remember the right answer.
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Earleen
11 months ago
Ah, I know this one! The matrix that helps define how to manage stakeholders is the Mendelow's Stakeholder Management Matrix. It categorizes stakeholders based on their power and interest, and provides guidance on how to manage them.
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Kati
11 months ago
Hmm, this seems like it's testing our knowledge of stakeholder management frameworks. I remember learning about something called the Mendelow matrix or Stakeholder Management Matrix, but I'm not 100% sure if that's the right answer.
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Virgie
11 months ago
I think this question is asking about a specific matrix that helps manage stakeholders. I'm familiar with the concept of stakeholder management, but I can't recall the name of the specific matrix off the top of my head.
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Antonio
1 year 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.
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Tiara
1 year ago
I can see how that would be helpful in making sure everyone's needs are met. It's like a roadmap for stakeholder management.
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Huey
1 year ago
Yeah, it's all about balancing power and interest. The matrix makes it easier to prioritize who to focus on.
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Eveline
1 year ago
I never realized stakeholders were categorized like that. It's interesting how the matrix helps determine how to manage them.
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Claudio
1 year 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.
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Lewis
1 year ago
It's all about balancing power and interest in the end.
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Marta
1 year ago
Yeah, that would definitely be helpful in managing stakeholders.
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Annette
1 year ago
I wish Mendelow's matrix could predict sudden 'restructuring' too.
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Juan
1 year 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.
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Gerald
1 year 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.
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Moira
1 year 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?
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Orville
1 year ago
Yeah, the Mendelow matrix is a classic tool for managing stakeholders. It really helps to prioritize who to focus on.
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Gregg
1 year ago
Exactly, it helps in determining how to effectively manage stakeholders.
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Earleen
1 year ago
It categorizes them based on their power and interest levels.
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Kami
1 year 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.
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Eliseo
1 year ago
It really helps to prioritize and tailor our communication and engagement strategies.
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Cherrie
1 year ago
I agree, the Mendelow matrix is a great tool for managing stakeholders.
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Rikki
1 year ago
How does the matrix categorize stakeholders?
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Gregg
1 year ago
Yes, it's Mendelow's stakeholders management matrix.
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Filiberto
1 year 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.
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Rikki
1 year ago
Do you know which matrix helps to define how to manage stakeholders?
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