The Many Forms of Power: Crash Course Business - Soft Skills

The video explores the concept of power, emphasizing its importance in both business and life. It discusses how power is not limited to leaders but is accessible to everyone in various forms. The video explains dependence and its factors—criticality, substitutability, and centrality—and how they affect power dynamics. It highlights the role of collective action and unions in shifting power balances. Different types of power, such as coercive, reward, legitimate, charismatic, and expert power, are described, along with their applications and limitations. The video concludes with advice on using power wisely and understanding its complexities.

What is coercive power and when should it be used?

Describe the difference between coercive power and reward power.

What is the significance of building trust in relation to legitimate power?

How can one build expert power in their field?