Mendelow’s Matrix and Stakeholders mapping (STAKEHOLDER’S MANAGEMENT)

Let’s assume you are to take over the management of a public hospital the main aim being to turn it into a sustainable business
How will you categorize and manage the stakeholders?
The easiest way to look at stakeholders is by analyzing their interest in the project and the degree of their influence
Basically, their level of power and degree of interest
Mendelow developed a simple but effective “two by two” matrix that enables us to categorise
stakeholders as:
1. Key players - those with high power and a high level of interest in the organisation
2. Keep satisfied - those with high power but currently a low level of interest in the organisation;
3. Keep informed - those with a high level of interest but low power;
4. Minimal effort - those who aren’t really that interested in the organisation and don’t have much power either.
Learn about Managing contractual risks here: bit.ly/3IojJnm

[@ZeriteNetwork]

Hello, checkout more video lessons, PDF downloads and practice exercises here.
CIPS L4M5: Commercial negotiations bit.ly/3uQxv0i
CIPS L4M3: Commercial Contracting: bit.ly/3TgpJDY
CIPS L5M3: Managing contract risks: bit.ly/3IojJnm
More links in the video description
Cheers!

[@hi_-re9el]

Thank you, very informative and simple explained. I like when you relate to the real life situation/scenarios.

[@user-by7cy4re7k]

Simple and straight forward,thank you so much

[@ZeriteNetwork]

thank you for your comment...glad to be of help

[@valentinion9774]

Thanks. Really good and inspired me on my work project

[@oladungift387]

Thanks alot

[@ZeriteNetwork]

welcome