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13. While preparing a Power Interest matrix of stakeholders, the position of Mr. X will be categorized in which one of the following quadrants? FINANCIAL MANAGEMENT AND STRATEGIC MANAGEMENT

Options

AKey player
BKeep satisfied
CKeep informed
DLow priority (2 Marks)
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Correct Answer

Option AKey player

All Options:

  • AKey player
  • BKeep satisfied
  • CKeep informed
  • DLow priority (2 Marks)

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Detailed Solution & Explanation

Correct Answer: Option **A**

**Explanation:**
Under Mendelow's Power-Interest Matrix, stakeholders are analyzed and classified into four quadrants based on their level of power (influence) and interest in the firm's activities:
1. **High Power, High Interest**: Key Players. These stakeholders must be fully engaged, consulted, and satisfied.
2. **High Power, Low Interest**: Keep Satisfied.
3. **Low Power, High Interest**: Keep Informed.
4. **Low Power, Low Interest**: Minimal Effort / Low Priority.

In the case scenario:
- Mr. X is the **Chief Executive Officer (CEO)** of the company, which automatically endows him with high power and high influence over strategic decisions.
- The case scenario states that "...greatest efforts are in place to satisfy Mr. X... by taking his advice and keeping him informed with all related information and developments on a regular basis." This high level of active involvement and consulting indicates that he has high interest.
- Since Mr. X has both high power and high interest, he is categorized in the **Key player** quadrant.

Hence, **Option A** is the correct answer.

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