Initiative

Initiative
Initiative refers to the action of creating or starting new projects or ideas. A manager with initiative has the aptitude to introduce new concepts or techniques, often taking action independently without waiting for instructions. Individuals displaying initiative are self-starters and self-motivated. In the business world, initiative is closely linked to entrepreneurial activities.

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.