001 - Business Jargons
001 - Business Jargons
Impact
"Impact" refers to the act of affecting something through your skills or actions.
Example: "I heard your new training initiative really impacted our sales numbers!"
Business people use the term "boil the ocean" to describe an action or project that wastes a lot of time.
Example: "Don't boil the ocean by alphabetizing our client contact information."
Robust
"Robust" is a term that describes a company's product or service that has a lot of functionality and
beneficial uses for its consumers.
Reach out
Companies use the term "reach out" to describe the act of communicating or contacting other
individuals or businesses.
Example: "Let's reach out to Daniels and see if he's available for lunch."
Learning
"Learning" is a noun used to describe the teachings or lessons gained from a project or event.
Punt
"Punting" something in the world of business is to abandon an idea or project that is no longer
important, or at the very least, make it less of a priority.
Giving 110%
When someone asks you to "give 110%" toward an assignment or objective, they're often requesting
that you exert extra effort into the task.
Leverage
"Leverage" most often refers to the manipulation or control of a situation or project. It's often used as
both a verb and a noun.
Example: "We need to find some leverage in this business deal" or "I'm leveraging our sales team to help
us out."
Throwing something "over the wall" refers to sending important information to a client or customer.
Best practice
"Best practice" is a term for the most beneficial or superior method of accomplishing a task or project.
Example: "Connecting with clients on a personal level seems like our best practice for increasing sales."
Empower
To "empower" someone is to make them feel capable or to give them a certain amount of authority.
This term is often used to describe a manager or executive giving an important task or assignment to
someone in a mid-level or entry-level position.
Bleeding edge
Modified from the term "cutting edge," "bleeding edge" is used to define an innovative product or
service.
Example: "It's hard to adjust some of the small details of this project because it has a lot of moving
parts."
Make hay
"Make hay" is short for the phrase "make hay while the sun shines" and is used to describe an
opportunity to be productive during working hours.
Core competency
It is what it is
The phrase "it is what is" refers to the lack of control or care for a specific situation or project result.
Low-hanging fruit
"Low-hanging fruit" refers to a simple project or new idea that could produce immediate and beneficial
results.
Example: "Selling door-to-door isn't our best strategy, but it's great low-hanging fruit."
Out of pocket
"Out of pocket" is another way for business people to say that they will be unavailable or out of the
office for a disclosed period of time.
Jump the shark
"Jumping the shark" refers to when a company or product struggles to stay relevant to the public or its
consumers and clients.
Example: "I don't know how a juicer for my car is useful. It feels the company has really jumped the
shark."
Core values
"Core values" is a phrase used to describe the standards and ideas that a company or individual finds
most important.
"Blue sky thinking" is a phrase used to describe extremely creative problem-solving and innovative new
ideas.
Thought shower
A "thought shower "is a group discussion or meeting to try to generate new ideas or clever solutions to
company challenges. This phrase is often interchangeable with "brainstorming."
Drill down
"Drill down" is a term used by companies and businesses to describe a thorough investigation of an idea,
assignment or project report. It's often used to uncover the important details that are most beneficial to
the company's future endeavors.
Tiger team
A "tiger team" is a group of individuals who share an area of expertise that a business or organization
assembles to develop an action plan for a specific problem or challenge.
S.W.A.T. team
In business, a "S.W.A.T. team" refers to a group of individuals that work to enact a plan or solution
developed by a company's tiger team.
Key takeaways
"Key takeaways" are major points or areas of interest that are important to remember from a
presentation or meeting.
"Moving the goalposts" is the act of changing or altering a project goal or objective, and making that
project more difficult to complete.
Game changer
Example: "Creating a software that tracks our inventory and sales was a real game changer."
Gain traction
When something gains traction in the business field, it's referring to an idea or company project
becoming more effective or popular.
Aha moment
Example: "Last night, I had an aha moment and came up with a solution for our development problem."
Bandwidth
When someone says they don't have the "bandwidth" for a discussion or new idea, it means they don't
have the present time or resources.
Bring to the table
"Bring to the table" is often used to describe a certain skill or expertise that an individual can offer to a
company or project. The phrase is most often used as a question.
Example: "What does Harris bring to the table for this project?"
Mission critical
"Mission critical" is a phrase to emphasize the importance of something, whether it's the key factor in
determining a successful project or an individual's quality of work for a specific client.
In the loop
The phrase "in the loop" is the act of being given important information or knowledge on a particular
subject.
Example: "I told Amir about our marketing strategy, so he's in the loop."
Silver bullet
Trimming the fat is the act of removing unnecessary details, resources or individuals from a company or
project.
Example: "We need to trim the fat. Can we combine the research and marketing departments for this
project?"
Hard stop
"Hard stop" refers to a specific time when a meeting or discussion needs to end.
Example: "We have a hard stop for this meeting at 3:30 today, so we can get to our next meeting on
time."
Synergy
"Synergy" is a term that refers to multiple ideas or departments that have a greater benefit when they
work together than when they work alone.
"Moving the needle" refers to getting effective results from a project or assignment that are meaningful
to a company's or business's overall goals.
Food chain
Example: "I just got promoted! Looks like I'm moving up the food chain."
Circle back
"Circle back" refers to temporarily pausing a conversation or discussion and returning to it at a later
time.
Knee deep
"Knee deep" is a phrase used by companies and businesses when they're currently stuck in an
unfortunate situation.
Example: "We're knee-deep in customer complaints right now for stalling our latest product release."
"Reinventing the wheel" refers to creating a product or tool that already exists to help you accomplish
something. However, the phrase is most often used by businesses to describe a labor-intensive task.
Straw man
A "straw man" is most often used to describe an individual who has little integrity or substance.
"Tabling a conversation" is the act of pausing a discussion with the possible intention of never returning
to it again.