2005-07-12

Jargon

What is an MBA program if we do not learn jargon at the end of it? I list a few of them. Some of them are popular; some are little known.

• Air Time: a precious opportunity -- speaking or making comments in class.
• Analysis Paralysis: not being able to make a decision because you've gotten lost in the thicket of your own analysis.
• Back of the Envelope: a quick analysis of numbers, as if scribbled on the back of an envelope.
• Burn Rate: amount of cash a money losing company consumes during a period of time.
• Buzz words: jargon, usually used to make an impression upon someone
• C-level: Those modest, hardworking souls at the top of your org chart: CEO, COO, CFO, CIO, CPO, CTO, Chief Dog Walker, etc.
• Cold Call: unexpected, often dreaded request by the professor to open a case discussion.
• Corner Office: office location that all MBAs aspire to and the exclusive province of partners, managing directors, and senior executives.
• Cycle Time: how fast you can turn something around.
• Four Ps: elements of a marketing strategy: Price, Promotion, Place, Product.
• Experience curve: There was also the experience curve, which meant that the more a firm knows about a market, the more it can lower its price and increase its market share.
• Poets: students with little quantitative skills or experience (numerically challenged).
• Power Naps: quick, intense in-class recharge for the continually sleep deprived.
• Quant Jock: a numerical athlete who is happiest crunching numbers.
• Roomie: a room mate
• Rule of Three: you should not talk more than three times in any given class, but you should participate at least once over the course of three classes.
• Run the Numbers: analyze quantitatively.
• Sharks: students with high quantitative skills or experience
• The Five Forces: Michael Porter's model for analyzing the strategic attractiveness of an industry.
• Porter-Kotler – the most famous authors on the campus. For any Consulting, marketing interview, your preparation is not complete without reading the books of these Profs.

(H)asta manana

Post Scriptum:

• Come next Monday, we have out Term II exams. So far, I can term my preparation as quite inadequate. Three of the four subjects, Marketing Decision Making, Global Economics and Strategy, are not quant based and I am hoping to clear the based on my experience and on the classes I attended. Decision Models and Optimization is completely quant oriented and I, as are many of my friends, am struggling to comprehend.

• (H)asta manana, in Spanish, means see u tomorrow. H is always silent in Spanish.

3 comments:

Anon 555 said...

courtesy your blog.....I would pick up a few spanish words!

What are the other languages tought at the school?

itheabsolute said...

hi anon555

school does not officially have any language courses. the language classes are courtesy initiatives taken by some students. french and german are other options. max enrolment is for spanish and then french. less than 10 for german.

cheers

MBABlogger said...

interesting business jargon !!

2005-07-12

Jargon

What is an MBA program if we do not learn jargon at the end of it? I list a few of them. Some of them are popular; some are little known.

• Air Time: a precious opportunity -- speaking or making comments in class.
• Analysis Paralysis: not being able to make a decision because you've gotten lost in the thicket of your own analysis.
• Back of the Envelope: a quick analysis of numbers, as if scribbled on the back of an envelope.
• Burn Rate: amount of cash a money losing company consumes during a period of time.
• Buzz words: jargon, usually used to make an impression upon someone
• C-level: Those modest, hardworking souls at the top of your org chart: CEO, COO, CFO, CIO, CPO, CTO, Chief Dog Walker, etc.
• Cold Call: unexpected, often dreaded request by the professor to open a case discussion.
• Corner Office: office location that all MBAs aspire to and the exclusive province of partners, managing directors, and senior executives.
• Cycle Time: how fast you can turn something around.
• Four Ps: elements of a marketing strategy: Price, Promotion, Place, Product.
• Experience curve: There was also the experience curve, which meant that the more a firm knows about a market, the more it can lower its price and increase its market share.
• Poets: students with little quantitative skills or experience (numerically challenged).
• Power Naps: quick, intense in-class recharge for the continually sleep deprived.
• Quant Jock: a numerical athlete who is happiest crunching numbers.
• Roomie: a room mate
• Rule of Three: you should not talk more than three times in any given class, but you should participate at least once over the course of three classes.
• Run the Numbers: analyze quantitatively.
• Sharks: students with high quantitative skills or experience
• The Five Forces: Michael Porter's model for analyzing the strategic attractiveness of an industry.
• Porter-Kotler – the most famous authors on the campus. For any Consulting, marketing interview, your preparation is not complete without reading the books of these Profs.

(H)asta manana

Post Scriptum:

• Come next Monday, we have out Term II exams. So far, I can term my preparation as quite inadequate. Three of the four subjects, Marketing Decision Making, Global Economics and Strategy, are not quant based and I am hoping to clear the based on my experience and on the classes I attended. Decision Models and Optimization is completely quant oriented and I, as are many of my friends, am struggling to comprehend.

• (H)asta manana, in Spanish, means see u tomorrow. H is always silent in Spanish.

3 comments:

Anon 555 said...

courtesy your blog.....I would pick up a few spanish words!

What are the other languages tought at the school?

itheabsolute said...

hi anon555

school does not officially have any language courses. the language classes are courtesy initiatives taken by some students. french and german are other options. max enrolment is for spanish and then french. less than 10 for german.

cheers

MBABlogger said...

interesting business jargon !!