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50 Business Terms All MBA’s Should Know

May 12, 2014 3:26 pm0 commentsViews: 24561
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Professionals who have earned their MBA degree have a certain amount of business education that along with their professional experience qualifies them for leadership roles in many companies. Along with a high level of education and experience an MBA’s vocabulary should be fairly large as well.

Here are 50 business terms all MBA’s should know.

  1. It’s a paradigm shift – Things are not going the way we want them to
  2. We are data driven – We need numbers
  3. We need to wrap our heads around this – We need to understand this
  4. ROI – Return on investment
  5. Let’s circle back to that – Let’s talk about something else
  6. Let’s blue sky this – Be optimistic
  7. Let’s ballpark this – Give me an average
  8. A team player – Working well with others in the same culture and dynamics
  9. Thinking outside the box – Getting creative
  10. This is where the rubber meets the road – We need to work hard
  11. Let’s go back and sharpen our pencils – We need to come up with some new ideas
  12. Managing the optics – Move the facts around to be beneficial
  13. Creative destruction – unstable
  14. Not enough boots on the ground – There are not enough people working on this
  15. Too many cooks in the kitchen – There are too many people trying to be the boss
  16. Deal with it – figure things out
  17. Housekeeping – mundane organization and structure issues
  18. Clean house – fire a bunch of people
  19. Let’s square the circle – Let’s do things differently
  20. The million dollar question – I don’t have an answer for that question
  21. Cash cow – something that brings in the most money
  22. Synergies 1+1=3 – I don’t understand how we got here but it works
  23. Monetize – Make money from it
  24. Strategize – Make a plan
  25. Incentivize – Make it worthwhile to people
  26. Analyze – figure things out
  27. A perfect storm – It’s everyone else’s responsibility
  28. I’m putting my butt on the line – I expect you to perform
  29. Results oriented – Getting things done
  30. Core competency – Our main focus
  31. Facing headwinds – It’s going to be tough
  32. Full steam ahead – focus on the business at hand and get there
  33. It’s a one-off – get the job done
  34. An agent of change – a person who knows how to be flexible with the change in atmosphere
  35. Due diligence – investigate
  36. Leaving money on the table – not being greedy enough
  37. That won’t move a needle – my boss will not be excited over this
  38. Manage expectations – don’t expect to get results
  39. Deliverable – make sure things get done
  40. It is not actionable – I can’t do it
  41. Sounding like a broken record – repeating yourself over and over again
  42. I have an open door policy – You can come in and talk to me anytime
  43. Something has gone viral – It is all over the social media like Twitter and Facebook and people like it
  44. Burning the candle at both ends – Doing too much work and becoming exhausted so you are no use to anyone
  45. It is scalable – I can change the plan
  46. What’s the value-add – How will I benefit
  47. Go-to-market – Where can I sell this
  48. Drinking from a fire hose –I need sympathy because I have been doing too much work
  49. We are getting some push back – They are not buying it
  50. Get your game face on – Getting serious

Many corporate businessmen and business women use these terms to describe situations and this is a completely different terminology for someone who has not had many years of experience in this environment. Corporate lingo can be much different from language in everyday life. It is important that MBA students understand what these terms mean and how they are used in meetings with employees as well as higher ups in the company. These phrases tend to be used as a slang in a boardroom type of atmosphere. The meanings can vary a bit from company to company depending upon the culture of the organization.