Employee Involvement

Empowerment
Empowerment is a form of participative management where employees share management responsibilities, including decision making. It encourages employees to take initiative and make decisions within their areas of responsibility.
Knowledge Management
Knowledge management (KM) involves the creation, sharing, and utilization of organizational knowledge to enhance performance. Successful KM initiatives lead to improved employee involvement, creativity, intrapreneurship, and innovation.
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.
Quality Circles
Quality Circles are small groups of employees who meet regularly within an organization to discuss and develop solutions for management issues and procedures. They are established with management approval and play a crucial role in implementing new procedures and improvements.

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.