Pfeffer on Power By cover art

Pfeffer on Power

By: Jeffrey Pfeffer
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  • Summary

  • Jeffrey Pfeffer is a professor at Stanford’s Graduate School of Business, Author of ‘7 Rules of Power,’ and speaker. Each episode he sits down with a guest who has used these rules of power to enhance and advance their businesses and their own careers in the process. Listen to hear real advice about practical uses of power from the people who wield it in their professional lives with great skill. Level up your own game, and get comfortable with your own POWER.
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Episodes
  • The Power of High-Status Networks for Career Advancement with Deepti Pahwa

    The Power of High-Status Networks for Career Advancement with Deepti Pahwa
    Apr 23 2024
    In this episode of the 'Pfeffer on Power' podcast, host Jeffrey Pfeffer, a professor at Stanford University's Graduate School of Business, is joined by Deepti Pahwa, advisor of corporate venture studios, government-led start-up accelerators, and also the author of the book, Trailblazer Founders.Deepti brings us lessons in power distilled to "three superpowers" of courage, creativity, and determination. Her inspiring journey showcases how you can exploit structural holes in professional networks, craft resources almost out of thin air, and pursue objectives with unwavering intentionality. Jeffrey and Deepti discuss how she doesn't just talk about the importance of personal branding and leadership; she embodies it. Deepti also stresses the importance of building and using your network, sharing how embracing your role as your own Chief Evangelist Officer can open doors and create opportunities, particularly for people historically left at the margins. Pfeffer on Power is produced by University FM.00:00 Welcome01:21 Deepti’s Career Journey04:18 Leveraging Power and Networks07:15 From India to Global Influence10:00 Trailblazer Founders16:41 Building Economic Opportunities for Diverse Communities19:37 Closing ThoughtsEpisode Quotes:Deepti’s three principles in taking your own power18:33: The first three principles that I personally use, which I believe are my superpowers, but I also believe are superpowers for any given person: courage. It's like taking bold actions and making bold asks because what is the worst that would happen? You would hear a no; that's about it, right? So, just take the plunge. The second thing is to build networks and support networks around you who are invested in your success. And there are lots of people, at least in today's world, who are invested in your success. Go out there and find them, and, at the same time, have that insane kind of determination for what you're after because it is the impact that you wish to create. It's not about who is stopping you. Just be like water. Like, if you see a river, it finds its way, right? So everybody's able to kind of find that way if you just have the determination. Build networks and support networks around you who are invested in your success. And there are lots of people, at least in today's world, who are invested in your success. Go out there and find them, and at the same time, have that insane kind of determination for what you're after because it is the impact that you wish to create. It's not about who is stopping you. Just be like water. Like, if you see a river, it finds its way, right? So everybody's able to kind of find that way if you just have the determination towards the impact that you wish to create.Don’t bet on the horse bet on the jockey11:27: There's a whole coaching industry out there of products, services, and frameworks that prepare startup founders with so-called business model innovations, product-market fit, failure mindset, and culture training for teams, but no one ever teaches them the importance of leadership skills, building networks, thought leadership, investing in communities, and showing up with confidence and conviction to convey their ideas. And to me, it's more like telling a friend how to play chess on your behalf. I mean, you can make as many plans and business models as you want, but unfortunately, strategies and frameworks do not come in handy on a battlefield. And it's a very different set of skills that you need to succeed as an entrepreneur. And in doing the research that I did in writing this book, I found that venture capitalists, investors, and board members, and dozens of them that I interviewed, do not actually bet on the horse that is your idea, but they actually bet on the jockey that is the founder itself.On providing opportunities for entrepreneurial idea for people with diverse background17:46: I have to say that a lot of the times we talk about how we can provide for fair systems from the institutional perspective, and what we can do as institutions to increase that diversity. But my take is that, all that needs to be done and is a responsible thing to do, but until that happens, what we as individuals can do is to take part in the systems; and that is only possible by way of taking our own power and building our own influence .Show Links:DeeptiPahwa.comLink to Trailblazer FoundersAmazon PageLinkedIn Profile
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    22 mins
  • The Power Behind the Amazon Way with John Rossman

    The Power Behind the Amazon Way with John Rossman
    Apr 10 2024
    In this episode of the 'Pfeffer on Power' podcast, host Jeffrey Pfeffer, a professor at Stanford University's Graduate School of Business, is joined by John Rossman, author of four books on leadership and business innovation, including The Amazon Way and his new book Big Bet Leadership. He is an early Amazon executive who played a key role in launching the Amazon marketplace business in 2002. Today, he is a leading keynote speaker on leadership for innovation and transformation. He has served as the senior technology advisor at the Gates Foundation and senior innovation advisor at T-Mobile and is the founder of Rossman Partners, a strategy & leadership solutions firm.John and Jeffrey discuss how corporate titans like Amazon sculpt their industry-dominating strategies. John Rossman helped mold Amazon's colossal marketplace. John tells Jeffrey his six cardinal rules for skillfully navigating Amazon’s early days and the pivotal role of trust in accelerating one's career. John also shares insights into using memo crafting as a clarity tool and customer happiness as the central dogma. Check out this episode for some real insight on navigating corporate power. 00:00 Welcome to Pfeffer on Power: Introducing Jon Rossman02:42 Jon Rossman's Journey: From Amazon to Author06:37 Rules to Navigating Corporate America: Rule 1: Earn Trust07:53 Rule 2: Be an Active and Early Risk Manager09:54 Rule 3: You Have to Manage Dependencies12:19 Rule 4: Having the Right Sense of Urgency14:50 Rule 5: Manage Up17:04 Rule 6: Clarify in Your Communications21:29 Amazon as a Political Place23:26 Why Jon Left Amazon25:11 Wrapping Up: The Essence of Power and AutonomyPfeffer on Power is produced by University FM.Episode Quotes:You have to manage dependencies10:00: So, the 14th leadership principle at Amazon is "deliver results." And the other ones tend to get the fanfare, but I'm telling you, the 14th is the one that differentiates Amazon. Like, you have to deliver results. Well, most things are not within your control; then you're really managing dependencies, and so you see this very active dependency management process. And so it's all based off of kind of "trust, but verify," like, you're always featuring the bad news. You're always having check-in meetings. You don't trust what they say. You ask more for proof points and demonstrations, and you don't assume anything. And so, sometimes, that gets into hedging and creating alternate paths. But people that are successful at Amazon are extremely good at managing dependencies upon others.Why clear expectations are the cornerstone of trust06:42: Trust and transparency sound like such great attributes to have, but most people don't really understand what trust is. Trust is about setting expectations and hitting expectations. And if you can trust that somebody sets good expectations and then hits those expectations, you can work together through almost anything. And most people don't actually understand what that word "trust" is; they think it means something like, you know, trustworthy or something like that, but you can actually create a formula. And what most people don't do well is they don't set expectations very well. And when you don't set expectations very well, then you each have a vague understanding of what the expectation is. And that's where so many things go sideways.Without risk, there are no new innovations08:20: Alpha risk is where we create new innovations. And so, you have to be extremely good at communicating your concept and where it's going. You also have to be very good at teaming networks and internal negotiating relative to this. So, this builds off of the trust aspect of setting expectations.Show Links:JohnRossman.comProfile on LinkedinAmazon Author PageBig Bet Leadership: Your Transformation Playbook for Winning in the Hyper-Digital EraThe Amazon Way: Amazon's 14 Leadership PrinciplesThink Like Amazon: 50 1/2 Ideas to Become a Digital LeaderThe Amazon Way on IoT: 10 Principles for Every Leader from the World's Leading Internet of Things Strategies
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    26 mins
  • Acting With Power and Using Your Influence with Deborah Gruenfeld

    Acting With Power and Using Your Influence with Deborah Gruenfeld
    Mar 27 2024
    In this episode of the 'Pfeffer on Power' podcast, host Jeffrey Pfeffer, a professor at Stanford University's Graduate School of Business, is joined by Deborah Gruenfeld, professor at Stanford University’s Graduate School of Business and author of the book Acting with Power: Why We Are More Powerful Than We Believe.Deborah emphasizes the impact of physical body language and personal presence on the perception of power. The discussion further delves into the utilization of 'outside-in' and 'inside-out' techniques for asserting power and the notion of differentiating between status and power. Deborah argues that possessing power comes with responsibilities that may not appeal to all while striving for status is universal. From the width of your stance to the tempo of your speech, the nuances of body language speak volumes about your place in the social hierarchy. Deborah and Jeff examine the choreography of power—how to enter a room, how to take up space, and how to pace your movements to nonverbally assert dominance. For those who've ever felt overlooked or underestimated, this episode is a toolbox for crafting the presence you deserve.00:00 Introduction00:53 Understanding Power and Body Language01:42 The Evolution of the 'Acting with Power' Class and Book02:20 The Impact of Visuals and Nonverbal Cues on Power03:22 The Role of Personal Growth in Power08:50 The Power of Imagination in Power Dynamics11:46 The Importance of Taking Up Space22:31 The Role of Status and Power in Hierarchies23:53 Overcoming Fear and Embracing Power27:59 Conclusion and Final ThoughtsPfeffer on Power is produced by University FM.Episode Quotes:A technique on how to show up more powerful06:31: One set of tactics or techniques is what I call outside-in techniques, and they have to do with just changing how you carry yourself: your physical body, how you stand, how you use your arms, how you use your eyes, and how you sit. The other set of tactics that I really think is equally important, maybe even more important in some cases, is what I call inside-out tactics. The inside-out tactics have to do with having ways to reframe situations and our role in those situations that are empowering. One of the things I like to say in my classes is that there are a lot of things about power and social life that are not under our control. We can't, for example, control directly how people perceive us, but we can always control, once we know how, where our attention goes.How do you act powerful?12:26: Being open in some ways feels very vulnerable, and it is. But when you have a lot of power, you can afford to be vulnerable. This is why the alpha gorillas sit with everything exposed because nobody's coming for them. It's the lower-down-ranking animals that have to protect their bodies. So having an open chest, in particular, conveys a lot of authority and power. That's an especially important technique for people who are smaller in stature. People always ask me if I can't carry myself like a tall person and I can't dominate someone physically with my height, what options do I have? I often tell them that the most important thing is that you carry yourself with an open chest because what you're communicating when your arms are capable of moving away from your body is that you are ready to fight for whatever you want, regardless of how big you are. On being comfortable with power23:25: There are people who just feel that it's not who they are to carry themselves in a way that takes ownership of superiority, authority, control, or having interests, experiences, and expertise that are privileged above other people. They're just people who feel like they can't do that. And I think it's one of the big challenges that a lot of executives face. In this way, I think we're really aligned, which is that most people realize they need to be comfortable with power in order to be successful. But they have to get past this fear of being held accountable, fear of losing status, fear of making enemies, and also fear of failing to show up as an authentic, powerful person when how you really feel is a little bit smaller.Show Links:Faculty Profile at Stanford School of BusinessProfile on LinkedInActing with Power: Why We Are More Powerful Than We BelieveWikipedia Page
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    29 mins
Economics
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Best leadership podcast

This podcast is like taking lessons at Stanford MBA for free. Professor Pfeffer and his amazing guests are outstanding.
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