Employee Competence

Peter Principle
The Peter Principle is a management theory that observes individuals tend to rise in every hierarchy through promotion until they reach a level at which they are no longer competent. This theory was formulated by Dr. Lawrence J. Peter and Raymond Hull in the book 'The Peter Principle: Why Things Always Go Wrong.'

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.