Management Principles

Goal Congruence
Goal congruence refers to the consistency or agreement of individual or departmental actions with overarching organizational goals, ensuring alignment in pursuit of a firm’s central objectives.
Span of Control
Span of Control refers to the principle of management stating the number of people a manager can supervise effectively. The ability to supervise people depends on various factors including the nature of the job, the professional level of employees, and their geographical location.
The One Minute Manager
A pivotal work by Kenneth Blanchard and Spencer Johnson which encapsulates management principles through simplified, actionable techniques like one-minute praise or reprimand, aimed at increasing productivity and employee satisfaction.
Unity of Command
The principle of Unity of Command in management states that each subordinate should report to only one superior to avoid confusion and conflict.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.