Saturday, 31 December 2011

Business Term – Fire fighting

Fire fighting - Addressing a problem that must be solved immediately.

E.g.

"We're so busy fire fighting these sales issues, we are losing focus on our key operations"
business-jargon

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Wednesday, 28 December 2011

Business Term – Due diligence

Due diligence - The thoroughness required to ensure success in business decision-making.

E.g.

"Once due diligence is carried out by our finance department we will be in a position to confirm to our supplier".
business-jargon

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Monday, 26 December 2011

Sunday, 25 December 2011

Business Term – Drill Down

Drill down -To look into something in more detail to gain a better understanding.

E.g

"We really need to drill down on those numbers to see where this is going wrong".
business-jargon

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Saturday, 24 December 2011

Business Term - Downsize

Downsize - Refers to the process of reducing a companies workforce.

Normally involves a round of voluntary resignations and if these a not sufficient then a further round of layoffs will occur.

E.g.

"The situation has become critical, we will need to downsize to survive".
business-jargon

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Thursday, 22 December 2011

Business Term – Dog and pony show

Dog and pony show - A presentation that is so simple it almost mocks the intelligence of the audience

E.g.

"My presentation might not be great but it's still better than that dog and pony show James put together !".
business-jargon

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Tuesday, 20 December 2011

Business Term – Cross Training

Cross Training - Learning a colleague's job so you can perform it, in addition to your own, when they disappear during vacation, maternity leave, or the latest round of layoffs. business-jargon

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Monday, 19 December 2011

Business Term – Critical Mass

Critical Mass

1) The point reached by a new idea or product just prior to explosive market growth.

2) The point when an issue can no longer be avoided and must be addressed immediately.
business-jargon

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Saturday, 17 December 2011

Business Term – Cook the books

Cook the books - Fraudulently falsifying company records to convey a more favourable situation.
E,g.

"I had to cook the books a little or they wouldn’t have invested”.
business-jargon

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Thursday, 15 December 2011

Wednesday, 14 December 2011

Business Term – Chasing butterflies

Chasing butterflies - Refers to being distracted, pursuing unprofitable ventures or losing focus

E.g.

"I'm not sure about this new path we've taken, it feels like we are chasing butterflies".
business-jargon

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Monday, 12 December 2011

Sunday, 11 December 2011

Business Term – Carrot and Stick

Carrot and stick - Hailing from the analogy of getting a donkey to carry you on his back by holding a stick with a carrot in front of it. This saying is all about 'incentives'.

"We need a few more carrot and sticks to get these guys interested".
business-jargon

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Saturday, 10 December 2011

Friday, 9 December 2011

Business Term – Buy in

Buy-in - To have agreement and or backing in a particular area.

E.g

"It's a great idea but we are going to need some kind of management buy-in if it is to proceed".
business-jargon

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Thursday, 8 December 2011

Business Term – Business End

Business-end - Normally refers to the 'serious'  or important element in a situation

E.g.

"If you don't pay your bills on time you'll find yourself staring down the business end of a shotgun !"
business-jargon

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Wednesday, 7 December 2011

Business Term – Burn rate

Burn rate - The speed at which cash is being used or lost in a project or company

E.g.

"We will have serious problems next year if we continue with the current burn rate"
business-jargon

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Tuesday, 6 December 2011