Management Styles

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.
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.

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.