15 February 2023 | People and Culture
76 Corporate Talk Definitions
By
Under the Lens
- 360-degree feedback: A performance evaluation method where evaluations are sought from an employee’s subordinates, peers, and supervisors.
- Action item: A specific task or responsibility assigned to an individual as part of a larger project or plan.
- Agile methodology: A project management approach that emphasizes flexibility and responsiveness to change.
- Affiliate: A company that is related to another company through ownership or control.
- Bandwidth: The amount of time and resources available to devote to a specific task or project.
- Benchmarking: The practice of comparing the performance of a company against industry standards or competitors.
- Best practices: Proven methods or approaches that have been successful in a particular industry or field.
- Blue-sky thinking: A creative and optimistic approach to problem-solving and idea generation.
- Boil the ocean: An expression used to describe an overly ambitious or unrealistic goal.
- Bottom line: A company’s net income or profit.
- Brainstorming: A group problem-solving technique where participants generate ideas and suggestions in an open and creative environment.
- Burn rate: The rate at which a company is spending its available funds, usually expressed as a monthly rate.
- Buy-in: Support and commitment from stakeholders for a proposed plan or initiative.
- Change management: The process of planning and implementing change in an organization.
- Core competencies: A company’s unique strengths or abilities that give it a competitive advantage.
- Core values: The fundamental beliefs and principles that guide a company’s actions and decisions.
- Collaborative: Involving two or more parties working together towards a common goal.
- Core competency: A unique strength or capability that distinguishes a company from its competitors.
- Cross-functional: Involving the participation of individuals or teams from different departments or areas of expertise.
- Culture fit: The compatibility of an individual’s values and personality with a company’s organizational culture.
- Deliverables: The specific products, services, or results that a company is expected to provide to its clients or customers.
- Deep dive: A thorough examination or analysis of a particular issue or subject.
- Drill down: A process of gathering detailed information or data to understand a particular issue or problem more deeply.
- Drill up: A process of moving from a detailed view of data or information to a more high-level or general view.
- Due diligence: A comprehensive evaluation of a potential investment or product to assess its potential risks and benefits.
- Empowerment: The delegation of authority and responsibility to employees, allowing them to make decisions and take action.
- End-to-end: A comprehensive approach that considers all aspects of a process or project, from start to finish.
- Entrepreneurial spirit: A mindset characterized by innovation, risk-taking, and a drive to succeed.
- Fast-track: An accelerated process for completing a project or task.
- Game changer: A new idea, product, or approach that fundamentally transforms an industry or market.
- Going forward: Referring to future actions or plans.
- Greenfield project: A new and untested venture or project with no previous constraints or limitations.
- Growth hacking: A marketing strategy that emphasizes rapid and innovative ways to grow a company’s customer base.
- Holistic: An approach that considers all aspects of a situation or problem, rather than just one specific aspect.
- Impact: The effect or influence of an action or decision.
- Impactful: A term used to describe an action or decision that has a significant effect or impact.
- Innovation: The introduction of new ideas or products, or the improvement of existing ones.
- Intellectual property (IP): A company’s intangible assets, such as patents, trademarks, and copyrights.
- Key driver: A factor that significantly affects the success or outcome of a particular initiative or project.
- Key performance indicator (KPI): A measurable value used to assess the success of a company’s operations or a specific initiative.
- Leverage: The use of financial instruments or borrowed capital to increase the potential return on an investment.
- Leverage point: A key opportunity to influence or change a system or process to achieve desired results.
- Line of Sight: This is the thread the links all of the people in an organization. It’s how employees see their role fit into the bigger picture.
- Low-hanging fruit: Easy or attainable opportunities for improvement or growth.
- Market disruption: A sudden and significant change in a market that creates new opportunities and challenges.
- Metrics: Quantifiable measures used to evaluate the success or performance of a company or initiative.
- Mindshare: The level of recognition or awareness of a brand or product in the minds of its target market.
- Mission statement: A company’s statement of purpose and values, outlining its goals and objectives.
- Move the needle: To make a significant impact or improvement in a particular area.
- Optimize: To make the best use of resources, improve efficiency, and achieve desired outcomes.
- Out of the box: A creative or innovative approach that deviates from the norm or standard.
- Pain points: The specific problems or difficulties faced by a company or its customers.
- Paradigm shift: A major change in the way people think about or approach a particular issue.
- Pitch deck: A visual presentation used to pitch a business idea or proposal to potential investors or partners.
- Point of view (POV): A company’s perspective or stance on a particular issue or topic.
- Process improvement: The continuous improvement of business processes to increase efficiency and effectiveness.
- Product-market fit: The alignment between a company’s product offerings and the needs and wants of its target market.
- Push the envelope: To explore new ideas and take risks in order to achieve something innovative.
- Reach out: To contact or communicate with someone, usually for business purposes.
- Rebranding: The process of changing a company’s image or identity, often to reflect new goals or values.
- Return on investment (ROI): The financial gain or loss generated from an investment, expressed as a percentage.
- Right-sizing: The process of adjusting a company’s operations or workforce to align with its financial goals and objectives.
- Roadmap: A visual representation of a company’s strategic plan, outlining its goals and the steps needed to achieve them.
- Scalable: Capable of being easily expanded or increased to meet growing demands.
- Scale: To grow or expand a business rapidly and efficiently.
- Stakeholder engagement: The process of communicating with and involving individuals or groups who have an interest in a company’s success.
- Strategic alignment: The alignment of a company’s actions and decisions with its overall goals and objectives.
- Synergy: The combined effect of elements working together to produce a result greater than the sum of their individual effects.
- Total cost of ownership (TCO): The full cost of a product or service, including not only the purchase price but also ongoing expenses such as maintenance and support.
- Touch base: To communicate or check in with someone, usually for business purposes.
- Value proposition: A company’s unique selling point or the benefits it offers to its customers.
- Win-win: A situation or outcome where all parties involved benefit or profit.
- Workflow: The series of steps or processes involved in completing a task or project.
- World-class: A term used to describe a company or product that is among the best in its field or industry.
- WWWEFE: WE WILL WIN EVERYTHING FOREVER! (I made that one up, but I’m trying to make it a thing.)
- Zero-based thinking: An approach to problem-solving that starts with a blank slate, rather than relying on previous assumptions or solutions.