BANKING AFFAIRS

Detailed explanation-1: -Power is the capacity of a person to influence others and alter their actions, beliefs, and behaviors. However, it’s important to note that there is a difference between power vs. influence. Authority is the legitimate power that a person or group is granted to practice over others within an organization.

Detailed explanation-2: -Leadership Power. Power is the ability to influence the behavior of others with or without resistance by using a variety of tactics to push or prompt action.

Detailed explanation-3: -Authority has the willing acceptance of the person over whom it is exercised, whereas power is (generally) unidirectional. It may or may not be liked by the person over whom it is exercised. Influence refers to the ability to modify or change people in general ways, like changing their performance and satisfaction.

Detailed explanation-4: -Legitimate power comes from having a position of power in an organization, such as being the boss or a key member of a leadership team. This power comes when employees in the organization recognize the authority of the individual.