RUNNING HEADER;MODELS USED IN STAKEHOLDER ANALYSIS 1

Models Used in Stakeholder Analysis

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Models Used in Stakeholder Analysis

It is widely understood that successful projects require well-managed and effective stakeholder

relationships. In efforts to achieve these two qualities, this discussion post will address four strategic

models used in stakeholder analysis such as : the power interest matrix, the influence impact matrix, the

salience model, and finally, the stakeholder circle. To begin with, according to Dalcher (2016), the

power interest matrix is described as a model that allows stakeholders with more power to significantly

affect the project direction, while those with less power impact the project with less influence. This

analysis benefits projects by providing well-tailored communication and engagement strategies;

however, it also suffers from the disparity in power dynamics of high and low influence. The study by

Dalcher (2016) also revealed a description of the influence impact matrix dictated that the model is

majorly based on the level of power and potential impact stakeholders may input into the project. The

method recorded a positive impact on adaptability but may also involve overlooking the competencies

of stakeholders on the downside. In relation to this, research by Xiong et al. ( 2018) revealed that the

salience model involves analyzing stakeholders to determine their attention and resources to allocate to

each group. This model provided great benefit as it helps organizations prioritize their stakeholder

engagement efforts, hence identifying stakeholders with the most critical and requiring a high level of

attention with respect to resources. However, the method also needed to account for other essential

factors affecting stakeholder relationships, attitudes, and values.

In this inept understanding of the study, Bourne (2016) also described the stakeholder circle

model, highlighting that the model offers a flexible and dynamic framework to visualize, analyze, and

manage stakeholder relationships. In addition, the study also dictated that the model provides a holistic

view benefiting the organization, thus helping organizations understand the full range of the

stakeholder's potential capabilities. The study also described the outstanding downside of the model in
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that the comprehensive model dictated intensive resource investment such as time and effort in data

collection, analysis, and stakeholder management. In conclusion, this discussion post has moved to

address four strategic models used in stakeholder analysis such as; the power interest matrix, the

influence impact matrix, the salience model, and finally, the stakeholder circle. Understanding that each

of the four stakeholder analysis models provides a vital and complex view is critical.
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References;

Bourne, L. (2016). Stakeholder Relationship Management: A Maturity Model for Organisational

Implementation. In Google Books. CRC Press. https://books.google.com/books?

hl=en&lr=&id=vGPeCwAAQBAJ&oi=fnd&pg=PP1&dq=describe+the+stakeholder+circle+m

odel&ots=wF4yCZdRhF&sig=jI0OKqoUt3TwT7BEXffqY_NX6qM

Dalcher, D. (2016). Further Advances in Project Management: Guided Exploration in Unfamiliar

Landscapes. In Google Books. Taylor & Francis. https://books.google.com/books?

hl=en&lr=&id=iCklDwAAQBAJ&oi=fnd&pg=PA121&dq=+the+power-interest+matrix

Xiong, C., Liu, Z., Callan, J., & Liu, T.-Y. (2018). Towards Better Text Understanding and Retrieval

through Kernel Entity Salience Modeling. https://doi.org/10.1145/3209978.3209982