Stakeholder Mapping (Leaving Cert Business): Quizzes

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Stakeholder Mapping
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What is stakeholder mapping?

A process to identify & prioritise by power

In the power/interest grid, what does 'power' refer to?

Influence a stakeholder has over outcomes

What does 'interest' mean in stakeholder mapping?

How much stakeholder cares/is affected by it

What strategy should businesses use for high power, high interest stakeholders?

Manage closely & communicate regularly

How should high power, low interest stakeholders be managed?

Keep them satisfied & informed

What approach is best for low power, high interest stakeholders?

Keep them informed & address concerns

What is the first step in conducting stakeholder mapping?

Identify all stakeholders

In ALDI's example, where was the Local Council positioned?

High power, low interest

What does a sociogram show in stakeholder mapping?

Connections & relationships between them

Which is a key benefit of effective stakeholder mapping?

Avoids conflict by understanding concerns

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