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A power strategy that ultimately leads to private acceptance and long-lasting change (for example, information power) may be difficult to implement, and consume considerable time and energy. In the short term, complete reliance on information power might even be dangerous (for example, telling a small child not to run into the street unattended).
In critical theory, power-knowledge is a term introduced by the French philosopher Michel Foucault (French: le savoir-pouvoir).According to Foucault's understanding, power is based on knowledge and makes use of knowledge; on the other hand, power reproduces knowledge by shaping it in accordance with its anonymous intentions. [1]
The information available through a collection of data may be derived by analysis. For example, a restaurant collects data from every customer order. That information may be analyzed to produce knowledge that is put to use when the business subsequently wants to identify the most popular or least popular dish. [citation needed]
Information capital is a concept which asserts that information has intrinsic value which can be shared and leveraged within and between organizations. Information capital connotes that sharing information is a means of sharing power, supporting personnel, and optimizing working processes. [1]
The power of the internet also changes how consumers deal with information asymmetry, as they have the means to find vast amounts of information about products with relatively little effort. While a consumer can use this power to assist their research to find a product that is not being marketed maliciously, this decision is made due to ...
Information policy became a prominent field of study during the latter half of the 20th century as the shift from an industrial to an information society transpired. [2] It has since then evolved from being seen as relatively unimportant to having a much more overarching strategic significance since it establishes the conditions “under which all other decision making, public discourse, and ...
Information is a contributor to bargaining power. In the case of two agents entering into a contract, if one agent knows that their deal will turn out significantly better, or worse, than the other suspects, then they are exercising a form of informational economic power (see information asymmetry ).
Social proof (or informational social influence) is a psychological and social phenomenon wherein people copy the actions of others in choosing how to behave in a given situation. The term was coined by Robert Cialdini in his 1984 book Influence: Science and Practice .