As a business owner, what types of power will you develop? Coercive, Reward, Legitimate? and how will you influence your worker

Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax
Chapter5: Ethics, Corporate Responsibility, And Sustainability
Section: Chapter Questions
Problem 12CRQ: What is stakeholder management?
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As a business owner, what types of power will you develop? Coercive, Reward, Legitimate? and how will you influence your workers?

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In an organization, a leader can exercise various powers like reward power, coercive power, legitimate power, referent power,  information power, moral power, etc based on different situations and circumstances. Leaders can exercise these powers to achieve organizational goals and to influence their followers, and peers to attain greater performance. 

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