Leadership

Authoritarian
Authoritarian management is characterized by dictatorial and domineering styles where managers value employees' unquestioned obedience.
BRASS
BRASS refers to the top management of an organization, originating from military terminology. It's often used by individuals not in top management to describe a broad area of responsibility without a fixed point of reference.
Carte Blanche
Carte Blanche refers to the full freedom and authority to act at one's own discretion. It is often used in business contexts to describe a situation where an individual is given the broad authority to make decisions and take actions as they see fit, without requiring additional approval.
Executive
An executive is an employee in a top-level management position with major decision-making authority in an organization. Executives are often given incentive pay, such as bonuses, in the private sector.
Executive Committee
An executive committee is a senior-level management committee empowered to make and implement major organizational decisions, oversee organizational activities, request justifications for certain matters, and plan activities.
Executive Director
An executive director is a member of a company's board of directors who has management responsibilities for the day-to-day activities of the business. Compared to non-executive directors, executive directors take an active role in running the company's operations.
Expert Power
Understanding Expert Power and its role in influencing decisions and actions due to specific knowledge, experience, or expertise.
First-Line Management
Supervisors on an organizational level immediately above non-managerial workers. First-line managers primarily oversee performance on line tasks. Some typical titles associated with supervisory positions are foreman, shift boss, sergeant, section head, and ward nurse.
Glass Ceiling
The 'glass ceiling' refers to the invisible barriers that prevent women and minorities from advancing to senior management and executive positions within an organization despite their qualifications and achievements.
Group Norms
Behavior norms applied to group members. Group norms are essential in determining group behaviors and conformity to organizational goals.
Human Relations Skills
Human relations skills are management skills that facilitate effective interactions with personnel. These skills include leadership, communication, decision-making, negotiation, counseling, and conceptual skills.
Inferred Authority
Inferred Authority is a type of authority assumed by an individual when a higher authority leaves their post, often exercised due to inferred abilities or circumstances requiring immediate leadership.
Informal Leader
An informal leader is someone whose power and authority over a group stem from the group's acceptance rather than from any official position, status, or rank within the formal organizational hierarchy.
Initiative
Initiative refers to the action of creating or starting new projects or ideas. A manager with initiative has the aptitude to introduce new concepts or techniques, often taking action independently without waiting for instructions. Individuals displaying initiative are self-starters and self-motivated. In the business world, initiative is closely linked to entrepreneurial activities.
Leadership
Leadership refers to the upper level of management that provides vision, guidance, and direction for a company.
Loose Rein
A management method that emphasizes a generally relaxed supervisory style where individual creativity and contributions are encouraged.
Management
Management involves the combined fields of policy and administration, as well as the people who provide the decisions and supervision necessary to implement the owners' business objectives and achieve stability and growth.
Management Guide
A comprehensive manual or collection of organizational policies intended for use by managers, outlining the procedures and policies for resolving particular situations within an organization.
Management Style
The leadership method a manager uses in administering an organization, which significantly influences both organizational culture and performance.
Matrix Organization
Matrix organization involves superimposing a group or interdisciplinary team of project specialists, such as scientific and engineering personnel, onto a functional organizational design. Members in a matrix organization hold dual allegiance, both to the project they are assigned and their original departmental hierarchy.
Operational Control
Operational control refers to the power of management over the daily activities of a business, guiding its day-to-day operations, resources, and performance.
Organizational Behavior
Organizational Behavior is an academic field of study concerned with human behavior in organizations. It encompasses topics such as motivation, group dynamics, leadership, organization structure, decision making, careers, conflict resolution, and organizational development.
Pacesetter
A pacesetter is something that sets the standard for others to follow, often in industries such as fashion, technology, or business processes. It signifies innovation and leadership that others aim to imitate or exceed.
Participative Management
An open form of management where employees have a strong decision-making role. Developed by managers seeking a cooperative relationship with their employees, participative management aims to increase productivity, improve quality, and reduce costs.
Paternalism
Paternalism in management refers to a leadership style where managers assume ultimate responsibility for employee welfare, making decisions regarding benefits, job assignments, and promotions. It is sometimes criticized for implying an inferior status for employees.
Pecking Order
Pecking Order refers to a hierarchy or rank order within an organization, originally derived from the behavior of chickens where dominance is established through a series of physical interactions.
Situational Management
Situational Management is a management method whereby the current state of the organization determines which operational procedures will be implemented to achieve desired outcomes. It emphasizes a very adaptive management style.
Superintendent
A superintendent is a person who has oversight and charge of a department in an organization, often serving as a senior manager to ensure efficient and effective operations.
Team Management
Team management refers to the process of managing a prescribed set of activities by an organized work group in an organization. This involves setting goals and priorities, analyzing group work methods, and examining decision-making processes.
Theory Y
Theory Y posits that, under the right conditions, the average employee finds work to be a source of satisfaction, will exercise self-direction towards goals they are committed to, seeks responsibility, and is inherently creative. This theory contrasts with Theory X's more negative view of employee motivation and behavior.
Tight Ship
Indication that organizational management procedures are followed very closely. When an organization is run like a tight ship, few allowances are permitted for unorthodox procedures.
Vice-President
A vice-president (VP) is a corporate officer subordinate to the president, typically responsible for a specific functional area such as marketing, production, finance, or human resources.
Vice-President (VP)
A Vice-President (VP), often simply referred to as VP, is a senior executive in an organization who is responsible for various vital operational aspects and play a pivotal role in the strategic planning and decision-making process.
Vision
A vision is a comprehensive view of the future that can significantly influence and guide current management strategies. It serves as a long-term organizational goal, aligning efforts and providing a clear direction for future growth and development.

Accounting Terms Lexicon

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