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Accounting
| Term | Definition |
|---|---|
| Leader | a person or animal who leads |
| Leadership | the office or position of a leader |
| Power | capacity to be acted upon or to undergo an effect |
| Position Power | the authority and influence an individual holds due to their formal rank, title, or position within an organization's hierarchy, rather than their personal characteristics |
| Reward Power | the ability of a leader to influence employee behavior by offering incentives |
| Expert Power | the influence or authority someone gains because they possess superior knowledge, skills, or experience in a specific area |
| Identity Power | ability to influence others based on their identity with the person |
| Leadership Style | the manner and approach of providing direction, implementing plans, and motivating people to accomplish a task |
| Initiative | the ability or action of taking charge to start something new or solve a problem, often before being asked, showing self-motivation and a willingness to act independently |
| Human Relations | study of human problems arising from organizational and interpersonal relations |
| Autocratic Leadership | one person controls all the decisions and takes very little inputs from other group members |
| Democratic Leadership | a style where managers include team members in the decision-making process |
| Free-rein Leadership | a passive or non-intervention leadership style where the leader provides autonomy to their team members |
| Delegate | entrust a task or responsibility to another person, typically one who is less senior than oneself |
| Self-managed teams | the ability to regulate one's emotions, thoughts, and behavior effectively in different situations |
| Open Leader | having the confidence and humility to give up the need to be in control while inspiring commitment from people to accomplish goals |
| Situational Leader | when a more experienced individual, such as a manager within an organization, guides you through a process in a specific situation to achieve success |