Managing the Costs of Power

Abstract

Executives generally desire more power because it is useful. Business firms like wise try to gain power overeach other. Yet power also has costs that should be considered and managed. There are costs of acquisition, storage, and maintenance of the resources that supply power, as well as costs of using those resources to gain influence. This article analyzes those costs and suggests ways of minimizing them.

Citation

Tracy, L. (1997), "Managing the Costs of Power", American Journal of Business, Vol. 12 No. 1, pp. 41-48. https://doi.org/10.1108/19355181199700005