ENTREPRENEURSHIP

Detailed explanation-1: -Referent. Referent power comes from being trusted and respected. We can gain referent power when others trust what we do and respect us for how we handle situations.

Detailed explanation-2: -Referent power comes from one person liking and respecting another, and identifying with them in some way. Celebrities have referent power, which is why they can influence everything from what people buy to which politician they elect.

Detailed explanation-3: -Referent power stems from the personal characteristics of the person such as the degree to which we like, respect, and want to be like them. Referent power is often called charisma-the ability to attract others, win their admiration, and hold them spellbound.

Detailed explanation-4: -Expert power comes from having both deep technical knowledge and extensive experience in your field of expertise. When you’re the expert in your field, people in your company naturally come to you to benefit from your knowledge. Your expertise gives you credibility, and people trust and respect your opinions.