Power often accrues to individuals who are very effective in their jobs or to firms that enjoy sustained high performance. If this is so, how is power different from basic competence, efficiency or performance?
When might it not be reasonable to remedy a power differential with a critical buyer or supplier?
Visitors to China are sometimes puzzled by the combination of a very strong central government and a very competitive economic system. What is the connection between the strength of government agencies and the type of market activities that develop within that regulatory context?