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

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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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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