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Term of the Day
BusinessDictionary.com
initiative
Definition
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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Nearby Terms
initial investment
initial margin
initial premium
initial production
initial public offering (IPO)
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Mentioned in these terms
Enterprise For The Americas Initiative (EAI)
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