Purchase Solution

sources of power

Not what you're looking for?

Ask Custom Question

The CEO of a large company has retained you as a management consultant to look into an area of concern that she has. With all of the recent corporate scandals like Enron, WorldCom, Tyco, and ImClone, she is wondering how she can avoid these sorts of problems within her company. She has asked you to research and prepare a report that summarizes the various kinds of power she has at her disposal and how this power could be effectively utilized to avoid these sorts of problems within her own company.

1. There are a myriad of leadership models, most of which discuss sources of power. list and explain the sources of power that the CEO of a large company typically has at her disposal.

2. Describe how these powers can be used to avoid the various operational, administrative, and ethical problems experienced by companies such as Enron, WorldCom, Tyco, and ImClone. Please respond to this question by identifying three specific business problems that can be addressed through the use of "influence tactics." For each specific problem, describe the influence tactic that should be used, the source of power behind that influence tactic, and why you believe that this influence tactic will effectively address that problem. Where does technology play a role in limiting the likelihood of such ethical dilemmas?

Purchase this Solution
Solution Summary

There are a myriad of leadership models, most of which discuss sources of power. list and explain the sources of power that the CEO of a large company typically has at her disposal.

Solution Preview

There are a myriad of leadership models, most of which discuss sources of power. Using the model presented in your text and accessing other sources as supporting material,list and explain the sources of power that the CEO of a large company typically has at her disposal.

The chief executive officer (CEO) is generally regarded as the most powerful organizational member. We rely primarily on guidance from Finkelstein (1992) in identifying and empirically assessing dimensions of CEO power. Finkelstein proposed and empirically validated four power dimensions which he labeled structural, ownership, prestige, and expert power in an examination of top management team, including the CEO. Let us discuss each power one by one:

Structural Power

Structural power has also been referred to as hierarchical or legitimate power. The strength of the structural approach to power is that it is captured in one's position within the organization, as opposed to residing with any given individual. Certainly when serving as CEO, structural power in the form of position in the organizational hierarchy is easily recognizable.

Ownership Power

A second form of CEO power is ownership power. Power is likely to accrue to those CEOs who maintain ownership positions in the firms they serve since they, in effect, represent both management and shareholders. CEOs with significant shareholdings, as a function of their ability to influence important firm decisions in an ownership capacity, are likely to be more powerful than CEOs without an ownership interest in the firm.(Zald, 1969).

Prestige Power

A third source of executive-level power is derived from an individual's level of prestige or status. CEOs who are considered to be members of the managerial elite signal to others their importance, both within and outside the firm (D'Aveni, 1990; Useem, 1979). According to Giddens (1972), CEOs. by definition, are members of the managerial elite since they occupy the ...

Solution provided by:
Sandeep Bardia, MBA
Education
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
Recent Feedback
  • "Thank you. "
  • "Thank you"
  • "Thank you. I got 20/20 last week for my discussion you help me out with."
  • "Thank you. Great Job. "
  • "Thank you. Great Job. "
Purchase this Solution
Free BrainMass Quizzes
Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

Organizational Leadership Quiz

This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.

Learning Lean

This quiz will help you understand the basic concepts of Lean.

Team Development Strategies

This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.

Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.

View More Free Quizzes
Related BrainMass Solutions

  • The Sources/Types of Power

    The sources of power are: Legitimate power-Also called Position Reward power Coercive power Expert power-Also called Information Power Referent power-Also called Personal Power A list of the sources of power referred to by Lewicki.

  • Leadership & Ethics for Managers: Using Sources of Power

    Compile a list of myriad of leadership models that discuss sources of power, and explain the sources of the power that the CEO of a large company typically has at her disposal.

  • What are some sources of power?

    504070 What are some sources of power? In what way is power different from leadership? What are some sources of power? Power is different from leadership in a few ways.

  • Examples of some sources of power in public leadership

    347379 Examples of some sources of power in public leadership Can someone give me some examples of some sources of power in public leadership? Will you explain in detail what is the most effective way to gain power in public leadership?

  • sources of power

    When motivating channel members, a manufacturer has several sources of power from which to draw. List those sources of power and give an example of how each can be used.

  • Electric Circuits - Checking a Circuit with a Power Balance

    It satisfies the power check. A detailed solution is given to this problem of checking the accuracy of a circuit by doing a power balance. Sign conventions play a key role.

  • Sources of Power in Public Leadership and Policy

    Analyzing the sources of power in public leadership (what are the sources?) Sources of power are generally provided by money and people. A large group of people can provide power and an influential amount of money can as well.

  • Alternative Sources Of Energy: Wind Power

    533404 Alternative Sources Of Energy: Wind Power Alternative sources of energy are being discussed as part of the national debate. One of the sources is wind power. you may look into a search engine of your choice for articles on wind power.

  • Green and Sustainable Enterprise Management

    I can encourage businesses to move to renewable energy sources like solar power by explaining them about the benefits of using renewable energy sources over conventional sources.

  • The CEO of a Large Company has Retained You as a Management Consultant

    /four-surprising-sources-of-leade... - www.narek.me/6-sources-of-leadership-power/ - United States - The report lists five sources of power that are given by John French and Bertram Raven.

View More Related Solutions