Copy (2) of 1

Copy (2) of 1 - regulators want the company to be...

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LEADER AS POLITICIAN 1. What is “power” and what are the bases of power? Power is the potential to influence others so they do things that they would not do otherwise. These sources of power change over time. For example, in a rapidly changing world, knowledge always changes. We have to believe that the other has the power to do something. 1a. What are Formal Powers? Legitimate—authority and position that makes other comply Coercive—fear (suspend, dismiss) Reward—interesting work assignments 1b. What is Personal Powers? Expert—expertise, skills, and knowledge (doc, lawyers) Referent—identification with a person 2. How are companies inherently politicized? They are made of different stakeholders that have different interests in the company. For example, the owner wants a return on investments. Customers want high quality cheap products. Senior managers want control. Lower lever employees want good wages. Government
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Unformatted text preview: regulators want the company to be consistent with the laws. 2a. What two forms of power are the most effective in an org? Expert power and referent power. 3. Explain power as dependency. (General Dependency Postulate) the greater the dependency, the greater the power A has power over B over something B values (importance) A has power over B if the item is scarce A has power over B if B cannot easily find substitutes for it (nonsubstitutability) 4. Who is the firm dependent on when there is a lot of uncertainty? People that can absorb the most uncertainty. 5. How have firms faced uncertainty in the past and whom did they value (dependent on)? 1910-1950 Efficiency problemsengineer and production 1960s- can we sell it? Marketing 1980s- wanted to expandbusiness schools and finance 1990s- issues of innovationhuman resource, and R&D...
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Copy (2) of 1 - regulators want the company to be...

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