ENTREPRENEURSHIP

Detailed explanation-1: -Reward power Reward power means having the capacity to offer rewards or benefits in exchange for carrying out a task or achieving a result. Rewards usually come in the form of raises, benefits, promotions, or public praise. However, this type of power is not always as effective as some leaders think.

Detailed explanation-2: -Reward power Reward power exists when a manager has the power to offer incentives to employees who perform well.

Detailed explanation-3: -Reward power comes from the ability to confer valued material rewards or create other positive incentives. It refers to the degree to which the individual can provide external motivation to others through benefits or gifts. In an organization, this motivation may include promotions, increases in pay, or extra time off.

Detailed explanation-4: -Reward power is a power granted to a manager or leader that allows them to give a reward to an employee as an incentive to improve. Organizations may grant a leader or manager the ability to use reward power to improve an organization’s success.