Which model is primarily used for mapping stakeholders' influence and interest in strategy development?

The Stakeholder Power/Interest Grid is the correct model to use for mapping stakeholders' influence and interest in strategy development. This tool allows organizations to visually categorize stakeholders based on their level of power and interest regarding a project or strategy. By placing stakeholders in a four-quadrant grid, the approach facilitates a clear understanding of how much attention and resources should be directed towards each group.

For instance, stakeholders with high power and high interest are those from whom you need active engagement and communication, as their support is crucial for success. Meanwhile, stakeholders with low interest but high power require monitoring, while those with high interest but low power should be kept informed and involved to a lesser extent. This systematic approach aids in managing stakeholder relationships effectively, ensuring that their perspectives and concerns are addressed appropriately throughout the strategy development process.

In contrast, SWOT Analysis focuses on identifying strengths, weaknesses, opportunities, and threats, primarily within the context of an organization's internal and external environment. PESTLE Analysis assesses the political, economic, social, technological, legal, and environmental factors impacting an organization, but does not directly address stakeholder dynamics. Value Chain Analysis examines the key activities that create value within an organization but does not involve the mapping of stakeholder influence and interest. Therefore, the Stake