The Elements of Power by Terry Bacon

Author:Terry Bacon
Language: eng
Format: epub
Publisher: AMACOM
Published: 2018-10-31T16:00:00+00:00

What We Can Learn from Ali al-Naimi

1. Resource and role powers combined can be an extraordinary platform for leadership. Ali al-Naimi’s positional authority, combined with his control of critical resources, makes him a formidable global leader. The lesson for business leaders? Aspire to positions where you not only have decision-making authority and responsibility for critical operations, but also control of important resources others need to do their jobs. That integration of role and resource powers can make you a formidable leader or influencer within your domain.

2. Resource power depends on the scarcity and need of the resource—but also on its deployment. Ali al-Naimi controls a large share of one of our planet’s most precious resources at this point in history. The scarcity of the resource magnifies his resource power. But his power also depends on the Saudis selling some amount of oil every year. He influences how much oil is sold, and he influences other oil-producing nations in OPEC, which gives him considerable supply-side power. The lesson for business leaders? Careful deployment of the resources you control is crucial to how you use and build or sustain resource power. Increasing scarcity builds resource power, but controlling it too tightly and making the resource too scarce invites buyers to find substitutes, which in one way or another would curtail your resource power.

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