Business, Legal & Accounting Glossary

Definition: Initiative

What is the dictionary definition of Initiative?

Dictionary Definition

  1. A beginning; a first move.
  2. A new development; a fresh approach to something; a new way of dealing with a problem.
  3. The ability to act first or on one’s own.

Full Definition of Initiative

An individual’s action that begins a process, often done without direct managerial influence. For example, an employee might take the initiative to come up with a new product or service that the company could offer.

Synonyms For Initiative

leadership, drive, enterprise, incipient, get-up-and-go

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Initiative. Payroll & Accounting Heaven Ltd. September 22, 2021
Chicago Manual of Style (CMS):
Initiative. Payroll & Accounting Heaven Ltd. (accessed: September 22, 2021).
American Psychological Association (APA):
Initiative. Retrieved September 22, 2021, from website:

Definition Sources

Definitions for Initiative are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 15th January, 2020 | 11 Views.