BMIS – L1 – SA – Q1.2 – The business organisation and its stakeholders

Determines factors in Mendelow’s stakeholder analysis matrix.

Question

According to Mendelow’s stakeholder analysis matrix, the way in which management should deal with a group of stakeholders about a particular matter should depend on the group’s:

A power and interest in the matter

B rights in the matter and power

C position and interest in the matter

D rights in the matter and degree of commitment

Answer

Explanation:
Mendelow’s stakeholder analysis matrix assesses stakeholders based on two dimensions: their power (ability to influence the organisation) and their interest (level of concern in the matter). Management’s approach to stakeholders depends on where they fall on these axes, determining whether they need to be managed closely, kept informed, or monitored. Options B, C, and D include factors like rights, position, or commitment, which are not the primary axes in Mendelow’s matrix. Thus, A is the correct

Tags: ICAG, interest, Mendelow’s matrix, multiple choice, Power, Stakeholder Analysis
Level: Level 1

Topic: The business organisation and its stakeholders

Uploader: Samuel Duah