paternalism

paternalism definition - business

paternalism

A relationship of a company to its employees (or a government authority to its citizens) in which the company, or managers of the company, assume responsibility and make decisions for the employees. For example, management may severely limit the options of employees in the firm's retirement plan.

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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