MBA 101 Leadership, Power

Summary

In this MBA 101 Leadership video, the concept of power in leadership is explored, focusing on five key types: coercive, reward, legitimate, expert, and referent power. These powers are divided into formal and personal categories, with real-world examples highlighting their impact. Coercive power is derived from fear, reward power from incentives, and legitimate power from authority. Expert power comes from specialized knowledge, while referent power is earned through trust and respect. This video aims to help viewers understand the role of power in leadership, setting the stage for future discussions on leadership theories.

Takeaways

• 😀 Power means different things to different people; for some, it's seen as corrupt, while for others, it's a sign of success or a non-issue altogether.
• 😀 The five bases of power, defined by John French and Bertram Raven in the 1960s, are used to explain how power affects leadership roles.
• 😀 Power is divided into two categories: formal power and personal power.
• 😀 Formal power includes coercive, reward, and legitimate power.
• 😀 Coercive power is based on fear and threats, such as the risk of losing a job or being demoted.
• 😀 Reward power is based on offering incentives, such as bonuses, raises, or promotions, to encourage compliance.
• 😀 Legitimate power comes from one's position in an organization, where authority is recognized due to the role held.
• 😀 Personal power includes expert power and referent power.
• 😀 Expert power arises from one's knowledge, skills, or experience, which can be used to influence others and achieve goals.
• 😀 Referent power is gained from being respected and trusted by others, often through personal charisma and strong work ethics.
• 😀 Understanding the different types of power is essential for grasping leadership motivational theories in future videos.

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