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Power without Efficacy: The Decline of the American Corporate Elite *Mark S. Mizruchi University of MichiganAugust 2007; rough draft; comments are welcome; feel free to cite and/or quote, but please
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Power without efficacy refers to the authority or control that lacks the ability to produce desired results or outcomes. It signifies a situation where an individual or organization has the capability to act or make decisions, but their actions do not lead to effective or meaningful changes.
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The purpose of power without efficacy is to formally acknowledge the existence of authority that is recognized but does not yield functional results. It serves as a record that can protect against misrepresentation and set clear expectations regarding authority limitations.
Information that must be reported on power without efficacy typically includes the full names of the parties involved, descriptions of the power granted, specific limitations of efficacy, dates, and any relevant contractual or legal references.
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