Employee Empowerment

Employee Empowerment
Employee empowerment refers to the practice of giving employees more responsibility and autonomy in decision-making processes within an organization. This approach can lead to improved decision-making, as well as enhanced training, motivation, and productivity among employees.
Job Enrichment
Job enrichment involves motivating employees through expanding job responsibilities and giving increased control over the total production process. This empowerment often includes training, support, and enhanced input into procedures.
Kaizen Costing
Kaizen Costing is a technique for reducing and managing costs during the manufacturing process. It involves making continuous improvements to processes through small incremental changes, with the active contribution of all employees.
Laissez-Faire Leadership
Laissez-faire leadership is a management style in which leaders delegate the decision-making responsibilities to their subordinates. This approach fosters employee empowerment but can be considered the weakest form of management style in terms of structure.
Total Quality Management (TQM)
Total Quality Management (TQM) is an organizational approach that seeks to improve quality and performance to meet or exceed customer expectations. Through continuous improvement, employee empowerment, and systematic process analysis, TQM aims to enhance the overall operational efficiency and customer satisfaction.

Accounting Terms Lexicon

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