IASB

International Accounting Standards Board. An independent board of experts that develops International Financial Reporting Standards, which are used internationally.

Usage: The global economy has increased the importance of the IASB.

Market Share

The percent of the potential customers that are actually purchasing a specific product or service.

Usage: The product manager’s new marketing plan was designed to increase market share.

Slack

An increase or decrease in an estimate to make it easier to achieve.

Usage: Managers include slack in their budget numbers in case something unexpected happens.

Metrics

Sep 13, 2016

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In: Meme, Word of the Day

Metrics

Measurements and measurement systems used to evaluate individual or company performance.

Usage: The goal was to exceed all metrics and prove that the company was the best.

Non-Compete

A prohibition against an individual competing with another company, usually a former employer.

Usage: The company required the new sales manager to sign a non-compete clause.

EBITDA

Earnings Before Interest, Taxes, Depreciation, and Amortization. Pronounced as ee-bit-da. A line on the income statement.

Usage: EBITDA is an indicator of profitability and cash flow.

Business Case

An organized report with financial analysis and supporting documentation to support a business proposition. Sometimes refers only to the financial justification for a business opportunity. Sometimes used interchangeably with “business plan.”

Usage: The business case demonstrates that our idea will be profitable within three years.

Primary Research

Research and data collected for a specific purpose.

Usage: Focus groups and telephone surveys are a type of primary market research.

Peel the Onion

Sep 6, 2016

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In: Meme

Peel the Onion - business english vocabulary

Examine each layer of an issue’s complexity. (Onions have many layers.)

Usage: The presentation was designed to peel the onion for the management team.

OPM

Other People’s Money. Bank or personal loans, venture capital, investment, or grants that might be made available to a business.

Usage: The business owner was looking for OPM instead of putting his own money at risk.

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