Can you help me and explain the difference between power and influence? With that said, how does reputation and credibility relate to power and influence?

Also how does social media like Twitter, Instagram and other platforms empower stakeholders?

Any help is greatly appreciated.

Can you help me and explain the difference between power and influence?

Both power and influence refers to naturally possessed traits and both come as a consequence of authority. Power is the authority to change the behavior of others and make them do things that they might not have done otherwise. Influence on the other hand is the ability to alter other people's perception and view of certain situations. Power and influence has the following fundamental differences;

1 Power is positional, influence is personal

-Senior leadership positions such as the CEO, Managers, supervisors etc comes with certain degree of power. The power has more to do with the position rather than the person occupying it. Influence on the other hand has everything to do with the personal self. It based on the virtue of the person and who they are in person.

2 Power is wielded whereas influence is granted

Power is wielded by those in position whereas influence is granted by the people being led. That is power demands whereas influence guides and commands.

3 Power pushes; influence persuades

Power is enjoyed by those leaders who feel enjoy a sense of hierarchy. In this case there is only a one way communication and such leaders push other to do something. Influence on the other hand is a two way dialogue that encourages teams to give their feedback about certain situation. The leader in this case uses his/her position to convince people into seeing the beauty and importance in doing something.

4 Power has an end and influence endures

Power is actually resented by people and they can't wait to see the end of any tyrant leader who wields their power. Influence on the other hand endures because the power love and share a special connection with the person. They believe in the person and trust him/her to lead them.

With that said, how does reputation and credibility relate to power and influence?

Reputation is what someone is known and recognized for while credibility is reputation's impact on one's ability to be believed. We noted above that influence is all about the virtues of a person. Influence is granted by people out of believe and love for the person. Therefore those people who gain their authority out of influence have good reputation and consequently very high credibility. People heed and respect what they say due the power of influence that they granted them

On the other those leaders who wield their power and use it to control and exert commands on others bear bad reputation. People detest those leaders who use their power to get their way. On that matter they have very low credibility and people are always waiting for them to exit.

Step-by-step explanation

Also how does social media like Twitter, Instagram and other platforms empower stakeholders?

Social media platforms such as Twitter, Instagram, facebook, Instagram etc has become a powerful tool that enriches and sustains positive relationship between an organization and its shareholders. This has been made possible by enabling dialogue between the organization and the stakeholders. Direct messaging between the stakeholders and the team at the organization side has enabled customers, suppliers and other clients to ask questions and seek clarifications whenever necessary. Organizations can also post major changes and key information on their page for its stakeholders to get updated. Stakeholders can therefore express their views about a certain products or service and what they wish removed or improved. This has enabled the stakeholders communicate the changes or adjustments they wish to see on certain products.