This indicate the power distribution for business government and society. Nature of PowerPower is usually unevenly distributed, and all societies have mechanisms to control it and channel it into widely beneficial pursuits. These mechanisms include laws, regulations, cultural values, public opinion, and competing power brokers.Multiple competing formations of power may monitor and balance each other, or create conflicts.A social contract legitimizes business power by providing it with a moral basis within which to operate and function.The power of large corporations gain legitimacy only when the power exercised is done within the rules and regulations of the agreed-upon contract.Legitimacy is, “the rightful use of power” (Steiner et al., 2009).Tyranny is “the exercise of power beyond right.”
