Rank does not confer privilege or give power. It imposes responsibility.

Peter F. Drucker
About This Quote

We all know that rank confers privilege and power. It works the same way in the workplace. There are those who have been given a greater responsibility because of their rank. They may be the boss, but they are also held to a higher standard of performance.

In other words, those with greater rank experience more responsibility. They need to make sure their actions create the best possible outcome for those under their authority.

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