If you prefer to watch a summary of the 6 Types of Power episode, check out this blog post and video.
The 6 Types of Power Episode at a Glance:
- Jim Schleckser explains the three types of formal power: coercion, reward, and positional
- What are the types of informal power?
- How to utilize each form of power in a business environment
In this episode…
Every accomplished leader utilizes power to achieve business goals and maximize success. So, what are the different types of power, and how can you leverage them to maintain effective leadership?
According to business advisor Jim Schleckser, there are two separate categories: formal power and informal power. Formal power includes coercion, reward, and positional power, whereas informal power includes expert, referent, network, influential, information, and moral authority. Formal power is less constructive and most commonly used in hierarchical organizations. Effective leaders employ multiple types of informal power to inspire, motivate, inform, and collaborate with their teams.
In this episode of The Lazy CEO Podcast, Jim Schleckser, Chief Executive Officer at The CEO Project, talks about utilizing these types of power in leadership. He explains the three types of formal power and informal power and discusses how to use each power form in a business environment.
Resources mentioned in this episode:
- Jim Schleckser on LinkedIn
- The CEO Project
- Great CEOs Are Lazy by Jim Schleckser
- Who: The A Method for Hiring by Geoff Smart and Randy Street
Jim Schleckser is the Chief Executive Officer of The CEO Project, a business advisory group for accomplished CEOs to help them solve their most challenging issues, resolve constraints, drive growth, and improve outcomes.
With 30 years of leadership experience in business strategy, organizational development, sales, marketing, and more, Jim leads global organizations across many functional areas in both public and private environments. He specializes in solving issues that fast-growing firms experience in their business models and processes as they reach high-performance levels. Jim has appeared in The New York Times, The Huffington Post, and National Public Radio.
Sponsor for this episode…
This episode is brought to you by The CEO Project. The CEO Project is a business advisory group that brings high-caliber, accomplished CEOs together. Our team of skilled advisors is comprised of current and former CEOs who have run both public and private sector companies across multiple industries. With our experience and expertise, we guide hundreds of high-performing CEOs through a disciplined approach that resolves constraints and improves critical decisions. The CEO Project has helped high-performing, large enterprise CEOs with annual revenues ranging from $20M to over $2 billion to drive growth and achieve optimal outcomes.
If you are an experienced CEO looking to grow your company, visit www.theCEOProject.com.