ACCA Strategic Business Leader (SBL) Practice Exam

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Study for the ACCA SBL Exam. Utilize quizzes with multiple choice questions, hints, and explanations to enhance your learning. Prepare confidently for your exam!

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What is the primary purpose of using Mendelow's matrix?

To evaluate strategic options
To manage stakeholder interests
To assess company culture
To analyze market conditions

The correct answer is: To manage stakeholder interests

Mendelow's matrix is primarily designed to help organizations manage stakeholder interests effectively. This tool categorizes stakeholders based on their level of interest in a project or company against their power to influence that project or company. By mapping stakeholders into different quadrants of the matrix, businesses can strategically prioritize engagement efforts, ensuring that those with high power and high interest receive appropriate attention and communication. This approach helps in aligning stakeholder expectations with organizational goals, ultimately fostering better relationships and reducing potential conflicts. The other choices, while relevant to strategic management, do not capture the specific focus of Mendelow's matrix. Evaluating strategic options and analyzing market conditions are broader concepts that can involve various tools and frameworks, but they do not hone in on stakeholder management as Mendelow's does. Assessing company culture, while important for organizational health, is not within the scope of this tool’s primary application. Thus, the core purpose of Mendelow's matrix is indeed centered on effectively managing stakeholder interests.