2006-05-01

The Jargon Manager

Ideas are not the prerogative of the b-school graduates. Anyone who can think or has time to think or even a ‘need’ to think can be as creative in generating solutions to the business problems he faces. The only issue is that if he is not a b-school grad, then he may not know that what he has thought about is nothing but, say, a Porter framework or his marketing plan is nothing but , say, 4Ps in action. He knows what margins he needs and how much cash he needs to generate to breakeven; but he may not know that what he is actually doing is an NPV assessment of his business.

A conspicuous differentiator between a b-school grad and any other person (assuming he is not into too much of reading) is that a b-school grad thinks about his problems in frameworks and explains his thoughts in jargon. But often times the jargon, instead of being a mere point of communication, becomes a source of showoff leading to confounding and miscommunication.

Here are a few of my ‘favorite’ pieces (not necessarily exhaustive)

Information asymmetry
Sustainable competitive advantage
Network externalities
Capability ownership (really don’t know what it means)
(Of course) core competence
Competitive market dynamics
Cost inefficiencies
Game theoretic
(The triplets) LBO, MBO and Mezzanine financing
(The ubiquitous) DCF
Value chain analysis
Porter’s five forces
Moral hazard

7 comments:

Dinesh said...

hmm..I understand each of the terms you've listed. Now..Should I even bother about an MBA :P

itheabsolute said...

Hi Dinesh

Good that you know all of the jargon i had posted. having said that, an MBA program is a little more than jargon. worth trying it.

all the best in your efforts. r u considering ISB?

cheers

Anuj said...

well i definitely need an MBA in that case :)

Anonymous said...

Hi Vijay...can u temme the link for the various schools mba blog? actually thre was this link on ur site as to how u were chosen at #6 for the best blog....was wondering if i can see that link once again?

thanks

Dinesh said...

Hi Vijay,

Yup. I think I will apply for the 2007 intake.

Le penseur said...

Concur,Vijay..

Jargon is often a jarring groan...

Come to think of it, ideas need not necessarily be expressed upfront in a particular language.

Thus, a village housewife in India who cant speak English, let alone undertand mgt jargon,may be a highly effective practitioner of inventory management, beating many procurement mgrs in optimal stock mgt !!!

itheabsolute said...

Anuj

Sure. Try it. all the best

cheers

Anonymous

www.mbaleague.blogspot.com and www.daveformba.blogspot.com are the best sites which gives links of blogs of various b-schools.

Pls visit www.clearadmit.com to know more of how they shortlist the blogs for best of blogging awards. i wrote in one comment on how the selection happens. u cud go to comments against my post fruits of labor to read more.

thanks for reading the blog. all the best

cheers

dinesh

all the best for the efforts

cheers

le penseur

absolutely........

thanks

cheers

2006-05-01

The Jargon Manager

Ideas are not the prerogative of the b-school graduates. Anyone who can think or has time to think or even a ‘need’ to think can be as creative in generating solutions to the business problems he faces. The only issue is that if he is not a b-school grad, then he may not know that what he has thought about is nothing but, say, a Porter framework or his marketing plan is nothing but , say, 4Ps in action. He knows what margins he needs and how much cash he needs to generate to breakeven; but he may not know that what he is actually doing is an NPV assessment of his business.

A conspicuous differentiator between a b-school grad and any other person (assuming he is not into too much of reading) is that a b-school grad thinks about his problems in frameworks and explains his thoughts in jargon. But often times the jargon, instead of being a mere point of communication, becomes a source of showoff leading to confounding and miscommunication.

Here are a few of my ‘favorite’ pieces (not necessarily exhaustive)

Information asymmetry
Sustainable competitive advantage
Network externalities
Capability ownership (really don’t know what it means)
(Of course) core competence
Competitive market dynamics
Cost inefficiencies
Game theoretic
(The triplets) LBO, MBO and Mezzanine financing
(The ubiquitous) DCF
Value chain analysis
Porter’s five forces
Moral hazard

7 comments:

Dinesh said...

hmm..I understand each of the terms you've listed. Now..Should I even bother about an MBA :P

itheabsolute said...

Hi Dinesh

Good that you know all of the jargon i had posted. having said that, an MBA program is a little more than jargon. worth trying it.

all the best in your efforts. r u considering ISB?

cheers

Anuj said...

well i definitely need an MBA in that case :)

Anonymous said...

Hi Vijay...can u temme the link for the various schools mba blog? actually thre was this link on ur site as to how u were chosen at #6 for the best blog....was wondering if i can see that link once again?

thanks

Dinesh said...

Hi Vijay,

Yup. I think I will apply for the 2007 intake.

Le penseur said...

Concur,Vijay..

Jargon is often a jarring groan...

Come to think of it, ideas need not necessarily be expressed upfront in a particular language.

Thus, a village housewife in India who cant speak English, let alone undertand mgt jargon,may be a highly effective practitioner of inventory management, beating many procurement mgrs in optimal stock mgt !!!

itheabsolute said...

Anuj

Sure. Try it. all the best

cheers

Anonymous

www.mbaleague.blogspot.com and www.daveformba.blogspot.com are the best sites which gives links of blogs of various b-schools.

Pls visit www.clearadmit.com to know more of how they shortlist the blogs for best of blogging awards. i wrote in one comment on how the selection happens. u cud go to comments against my post fruits of labor to read more.

thanks for reading the blog. all the best

cheers

dinesh

all the best for the efforts

cheers

le penseur

absolutely........

thanks

cheers