- 10 Marks
SCS – July 2023 – L3 – Q2a – Strategy, Stakeholders, and Mission
Explain the stakeholder position/importance matrix and provide guidance to SavvyTech on managing key stakeholders.
Question
The management team of SavvyTech plc is concerned about how the staff union group with 60% shareholding might react if the 2022 dividend payout is withheld to finance the subsidiary acquisition in Utopia, particularly the production staff with 80% shareholding of the total staff union’s interest of 60%. There are a number of stakeholder mappings. Two most popular are the ‘stakeholders position/importance matrix’ and ‘stakeholders power/interest matrix’.
Required:
You have been contracted as an independent consultant by SavvyTech plc to review the stakeholder mapping using the ‘stakeholders position/importance matrix’. Draw the diagram, illustrate, and explain using a brief internal memo to guide the management team’s engagement with the stakeholders as presented in the case study.
Find Related Questions by Tags, levels, etc.
- Tags: Influence, Mapping, Matrix, Stakeholders, Strategic Engagement
- Level: Level 3
- Topic: Strategy, stakeholders, and mission
- Series: JULY 2023