Define: Initiative

UK 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.

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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.


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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
https://payrollheaven.com/define/initiative/
Modern Language Association (MLA):
Initiative. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 22, 2020 https://payrollheaven.com/define/initiative/.
Chicago Manual of Style (CMS):
Initiative. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/initiative/ (accessed: February 22, 2020).
American Psychological Association (APA):
Initiative. PayrollHeaven.com. Retrieved February 22, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/initiative/

Definition Sources


Definitions for Initiative are sourced/syndicated and enhanced from:

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

This glossary post was last updated: 15th January 2020.