ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Keep them satisfied
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Engage directly with them
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Communicate only when necessary
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Communicate with them frequently
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Detailed explanation-1: -Low power – High interest: keep these people adequately informed, and talk to them to ensure that no major issues are arising. These people can often be very helpful with the detail of your project. Low power – low interest: monitor these people, but do not spend time and energy with excessive communication.
Detailed explanation-2: -You must manage the high-power and high-interest group with the utmost care. You must keep the high-power and low-interest stakeholders satisfied. You should keep the low-power and high-interest stakeholders informed. You should monitor the low-power and low-interest groups, as they require the least effort.
Detailed explanation-3: -High-interest, low-power: These stakeholders have a strong interest in the project but lack the power to significantly impact its success. Examples include community groups, non-government organizations (NGOs), and local residents.
Detailed explanation-4: -Stakeholder mapping is the visual process of laying out all the stakeholders of a product, project, or idea on one map. The main benefit of a stakeholder map is to get a visual representation of all the people who can influence your project and how they are connected.