Many economic and social situations can be represented by a digraph. Both local and global methods to determine the strength or power of all the nodes in a digraph have been proposed in the literature. We propose a new method, where the power of a node is determined by both the number of its successors and the powers of its successors. Our method, called the positional power function, determines a full ranking of the nodes for any digraph. The positional power function can either be determined as the unique solution to a nonhomogeneous system of equations, or as the limit point of an iterative process. The solution can easily be obtained explicitly, which enables us to derive a number of interesting properties of the positional power functi...