Sample Essay
The Daimler Chrysler management would essentially need to possess power in order to be able to deploy programs like the fast Car initiative highlighted in the case. The presence of positional power as well as personal power in this regard would be important as the management will have to convince the board to provide for investing in an internal control system which can help the company connect with its employees, designers, suppliers, customers, and other stakeholders.
The presence of power will result in more of a chance to get budget approval for investment in such a project which will provide returns on its operations in terms of efficiency through its ongoing operation. The lack of power however can lead to chance of such initiatives getting rejected on both a large and a small a scale. With the presence of power, the management of the Daimler Chrysler can invest on such projects on their own therefore increasing management effectiveness and efficiency.
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