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Peter principle

Peter principle definition - business

Peter principle

The observation that managers rise to their level of incompetence. For example, a successful manager is continually promoted to jobs with new responsibilities until reaching a position where incompetence rules out further promotion. Because of the difficulty of demoting someone, this is where the manager remains.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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