What’s the Secret to Success? Power!

Posted on 27.March.2015 by Mike Winters | @amcomcap

Business SuperheroJeffrey Pfeffer knows a thing or two about success. He’s the Thomas D. Dee II Professor of Organizational Behavior at Stanford University’s Graduate School of Business and The Wall Street Journal named him one of the top 20 most influential business thinkers. So when he talks about why cultivating power is the secret to success, it’s wise to listen and learn.

In a recent video posted by the Stanford Graduate School of Business, Pfeffer discusses just that. “Power, according to Harvard professor Rosabeth Moss Kanter, is the organization’s last dirty secret,” he says. “It is, however, the secret to success.” But the subject of power makes many people uncomfortable, violating “their idea that the world is a just and fair place” and the belief that people can get ahead simply based on hard work and honest effort. Once people are able to accept the idea that power is the secret to success, they can take action to increase their power.

So how can you increase your power within an organization?

First, Pfeffer suggests, determine who has power. Not necessarily formal power, but sometimes informal power—an assistant or a secretary who has power, for example. Once you’ve determined who has power, figure out how to get close to them and get them on your side, either by helping them, forging social relationships, or even flattering them. “We all love people who make us feel good about ourselves,” Pfeffer says.

Which brings us to the importance of social relationships in business.

“Organizations and work life is all about social relationships,” Pfeffer says. So the more quality connections you make and the more networks you have, “the better your career is gonna go.” While some people find networking “icky” or “contrived,” Pfeffer advocates spending more time with people who are going to be useful to you and your career or business venture and less time with people who lack the power or ideas to have that kind of impact on your success.

Pfeffer even argues that confidence is a more important trait for a leader than authenticity, even if you have to fake it. “Your job as a leader is not to be authentic or genuine or true to yourself,” Pfeffer says. “Your job as a leader is to be true to what the situation requires of you.”

Watch Jeffrey Pfeffer discussing why power is the secret to success below:

image description

Roy Brooks and American Commercial Capital, LLC, has provided invoice-factoring services to Houston-area small businesses since 2003. We work with businesses in San Antonio, Dallas, Austin, Fort Worth, Beaumont, Port Arthur, Corpus Christi, and other nearby Texas cities.

If you want to learn more about how cashflow-sensitive invoice factoring can help your business, give us a call at 713-227-3863, contact us here, or fill out our form for a free, no-obligation quote.

READ MORE FROM AMERICAN COMMERCIAL CAPITAL

Business Video Roundup: Tips on Hiring, Networking & Other Small-Business Advice

Business Video Roundup: Tips on Hiring, Networking & Other Small-Business Advice

In this week’s roundup of great videos for entrepreneurs and small-business owners, Y Combinator’s Eric Migicovsky talks about what qualities to look for when hiring for a new business, Goodr founder and CEO Stephen Lease reveals the one thing you shouldn’t say when networking, and business owners from around the U.S. share their advice on overcoming common business challenges. Plus, CNBC investigates why American cars don’t sell in Japan and…

Mike Winters 19.04.2019

Business Video Roundup: Mark Cuban’s 10 Rules for Success, Promoting Your Business & More

Business Video Roundup: Mark Cuban’s 10 Rules for Success, Promoting Your Business & More

“If you can’t sell, you’re not going to make it,” Mark Cuban says. It’s a hard truth that many entrepreneurs and business owners will have to face at some point. In this week’s business video roundup, Evan Carmichael presents Cuban’s Top 10 Rules for Success, filled with advice and insights gleaned from years of failure and success, trials and triumphs. Also on deck: Patrick Bet-David candidly talks about 15 mistakes…

Mike Winters 5.04.2019

Business Video Roundup: Biggest Business Mistakes, Email Marketing for Beginners & More

Business Video Roundup: Biggest Business Mistakes, Email Marketing for Beginners & More

In this week’s business video roundup, Sunny Lenarduzzi talks about her biggest business mistakes (including one that cost her nearly $500K!), Roberto Blake offers up seven easy steps to begin email marketing, and Y Combinator’s Michael Seibel goes over the differences between pitching to customers versus pitching to investors. Also on deck: CNBC explores why the UK’s biggest retailer failed to gain traction in the U.S. market and Evan Carmichael…

Mike Winters 29.03.2019
Back
AMERICAN COMMERCIAL CAPITAL HOME

HOW MUCH COULD FACTORING INCREASE PROFITS FOR YOUR BUSINESS?

CALL 713-227-3863