Power is an important player in any organization. In order to be a successful leader, the ability to use power and the way to see it more than just managing the tasks as well as employees is vital. To understand the difference, there is a need to possess experience to use it for the benefits and progress of the company rather than fail the goals. As the famous quote by Tom Peters says, “Leaders don’t create followers, they create more leaders”. The leaders who have the highest power in an organization should know how much of it they should be using in any scenario. The four main sources of power along with some of the famous people who showcase it are as follows (Betzold, 2010).
Position-based power: Elon Musk became the CEO of Tesla in the year 2008 by being the ideal candidate for the position and also because he was also the financial partner of the firm. Due to this position, he has the power to elude the firm’s board to bring in new contracts to the firm, make strategic decisions for the company.
Relationship-based power: Oprah Winfrey and her ventures could be an ideal example of this type of power. The famous Oprah Winfrey Show that started in the 90’s earned her a lot of relationships through the media exposure. This led her to start the Oprah Winfrey network in 2008 that is thriving due to the followers that she built during the previously mentioned show and is always held high for any new shows that come up due to that built power (quickbase.com, 2011).
Information-based power: The famous MIT physics professor, Rainer Weiss had received the Nobel prize in the field of the physics in the year 2017 due to the work done in gravitational waves. He showcases informational power due to the knowledge that he has due to the extensive research and also by being a professor, he receives the venues to talk about it.
Contextual Power: Flip kart is one of the largest ecommerce sites that is showing extensive growth in India. The founder Sachin Bansal showed contextual power when the decision to sell flip kart came up. Two other competitive firms Amazon and Wal-Mart were ready to take the bid. At this point, he had the power to make use of the power of negotiation to take up the party that profited him, which ended up being Wal-Mart (quickbase.com, 2011).