ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Low power / low interest: These are the stakeholders who do not have a direct interest or involvement in the business situation, so little effort needs to be spent on managing them. Low power / medium to high interest: These stakeholders are those who will conduct much of the impact activity.

Detailed explanation-2: -The tool maps the power and influence that stakeholders have on a project or its outcomes. It helps project managers determine which stakeholders they need to focus on and the actions they should take.

Detailed explanation-3: -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.

Detailed explanation-4: -Low-power, high-interest – This group of stakeholders might include colleagues or individuals in an unrelated department. They may not have a high level of power. In any case, you should keep them informed about your project’s progress since they have shown a high degree of interest.