Power is a critical resource for organizational actors. Given the profound importance of power to individual functioning, it is essential to understand how some individuals acquire power when others do not, why some individuals retain their power once they have attained it, and why others fall from their lofty positions in spite of the political advantages power provides. In this review, we conceptualize power as a process that unfolds over time and review research that speaks to three distinct but related dynamics: the acquisition, maintenance, and loss of power. We address and attempt to reconcile a burgeoning set of findings that appear to conflict with each other, especially findings vis-a-vis the maintenance and loss of power. We conclude by addressing overlooked topics and areas for future research.