Power and risk management in organizational context Essay

Power and risk management in organizational context - Essay Example Power according to organization context is defined differently by various scholars. The description by Max Weber (1947) as reported by Lindley (2006); defines Power as the likelihood that a performer within a social relationship will be in a position to do whatever he or she desires despite the resistant. However, Pfeffer (1992) as reported by Walker (2011); defines Power as the potential ability of a person to change the course of occurrence, make people do things that they would rather not do and to overcome resistant. Hatfield & Rapson says that Psychologist Bertram Raven and John French, confirms that power can be classified into five different categories. These grouping may include the Reward power, legitimate power, Expert power, and Coercive power and Referent power.Reward PowerReward power majorly depends on the resources and ability that a person has to reward others (Bertocci, 2009). For it to be effective, the target group must value the reward being offered. When consider ing an organization, managers have many possible rewards. These rewards may include promotion, more responsibility, praise, and recognition. Some may also include pay increment, favorable working assignment, new equipment, and feedback. Even though the managers have the power to implement positive reinforcement, the recipients are the one who holds the key. If the manager does not think that he or she is giving reward through listening, but subordinate sees this as rewarding, then, the manager poses a rewarding power.