A supplier that controls critical worker skills and technical know-how holds which type of power over their lead firm?

Question

Quizplus · Accepted Answer

The supplier holding control over critical worker skills and technical know-how creates informational power over the lead firm. They possess knowledge that is necessary for the production process and can use their knowledge to negotiate with the lead firm, leading to a power imbalance in their favor. A economic power would be associated with control over financial resources, legal power comes from contracts and legal agreements, and voting power comes from a formal vote in a decision-making process.

A Supplier That Controls Critical Worker Skills and Technical Know-How