Managing the Costs of Power

Lane Tracy
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Lane Tracy: Ohio University

American Journal of Business, 1997, vol. 12, issue 1, pages 41-48

Abstract: Executives generally desire more power because it is useful. Business firms likewise try to gain power over each 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.

Keywords: Management; costs of power; resources (search for similar items in EconPapers)
JEL-codes: R00 Z0 (search for similar items in EconPapers)

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