Ensmart Resources

CORPORATE VOCABULARY

The following Corporate Vocabularies will enhance your knowledge in office operations.

1. Actionable Items: Tasks or actions that need to be performed.

Example: "Let's prioritize the actionable items on our to-do list for this week."

2. Alignment: Ensuring harmony between goals, strategies, and actions.

Example: "We need alignment between our marketing and sales teams to ensure consistent messaging."

3. ASAP: As soon as possible, indicating urgency.

Example: "Please complete this report ASAP as it's needed for the board meeting tomorrow."

4. Benchmark: A standard used for comparison or evaluation.

Example: "We should set a benchmark for customer satisfaction to measure our progress."

5. Big Picture: The overall perspective or larger context.

Example: "Let's not get lost in the details; we need to focus on the big picture."

6. Bleeding Edge: Innovative or cutting-edge technology.

Example: "Our company is known for developing bleeding-edge technology."

7. Blue Sky Thinking: Creativity and thinking outside the box.

Example: "We need some blue sky thinking to come up with innovative solutions to this problem."

8. Boil the Ocean: Taking on an overly ambitious task.

Example: "Let's not try to boil the ocean here; we need to focus on achievable goals."

9. Brain Dump: Recording rough ideas during brainstorming.

Example: "During the brainstorming session, let's do a brain dump of all our ideas."

10. Break Down the Silos: Collaborating across teams to improve efficiency.

Example: "We need to break down the silos between departments to improve collaboration."

11. Backburner: Deprioritizing a task.

Example: "Let's put this project on the backburner for now and focus on more urgent tasks."

12. Baked in: Already included or accounted for.

Example: "The cost of materials is already baked into our budget for this project."

13. Balls in the Air: Juggling multiple tasks simultaneously.

Example: "With multiple projects underway, we have a lot of balls in the air right now."

14. Bandwidth: Capacity to take on more work.

Example: "I'm not sure if I have the bandwidth to take on another project at the moment."

15. Benchmark: A standard or reference point for comparison.

Example: "We need to establish a benchmark for website traffic to measure our growth."

16. Boilerplate: Standardized language in legal documents.

Example: "Let's use the standard boilerplate language for the contract."

17. Bring to the Table: Contributing skills or expertise.

Example: "What skills and experience can you bring to the table for this project?"

18. Buy-In: Obtaining agreement or support.

Example: "We need to get buy-in from senior management before we can proceed with this initiative."

19. Crunch the Numbers: Analyzing numerical data.

Example: "We'll need to crunch the numbers to see if this project is financially feasible."

20. Closed-Loop Communication: Confirming understanding of information.

Example: "Let's ensure closed-loop communication to avoid any misunderstandings."

21. Cascade: Disseminating information down the hierarchy.

Example: "We'll cascade this information down to the rest of the team in our next meeting."

22. Core Competencies: Primary skills or strengths.

Example: "Our core competencies lie in product design and development."

23. Crunch the Numbers: Analyzing numerical data.

Example: "Let's crunch the numbers to determine our quarterly sales performance."

24. Deep Dive: In-depth research or analysis.

Example: "We need to do a deep dive into the market research before launching the product."

25. Deliverables: Assigned tasks or responsibilities.

Example: "The deliverables for this project include a final report and presentation."

26. Disruptive Innovation: Game-changing innovation.

Example: "Our company aims to be a leader in disruptive innovation in the tech industry.

27. Disintermediation: Eliminating intermediaries from a process.

Example: "The rise of e-commerce has led to disintermediation in many traditional industries."

28. Ducks in a Row: Getting organized or prepared.

Example: "Before the client meeting, we need to make sure we have all our ducks in a row."

29. Drill Down: Examining something in detail.

Example: "Let's drill down into the data to find out what's driving these trends."

30. Deck: Presentation slides, typically in PowerPoint.

Example: "I'll send you the presentation deck for tomorrow's meeting."

31. Elephant in the Room: An obvious but unaddressed issue.

Example: "Let's address the elephant in the room and discuss the budget shortfall."

32. Exit Strategy: Plan for leaving or divesting.

Example: "We need to develop an exit strategy in case the market conditions change."

What other corporate vocabulary do you know, please add in the comment box to expand this list

How to increase your productivity

Eliminate Distractions

TV and social media accounts take up a large chunk of everybody's time--being always connected has become normal, and you may think that being reachable, personable, and always connected will be good for your business. However, it is better to stay far away from this as possible. While it is good for your business to have presences on these distractions, putting your own time and energy into it will suck time out of your own schedule and the time that you are spending trying to grow.

Make Sure Your Goals Are Reachable

While you are not going to be able to accomplish much with smaller goals, if they are ambitious but reachable, then you have hit the mark with what you need to do. People will work harder and faster when a goal is in sight, and you can use this to your advantage within your business in order to drive growth and productivity.

Set- Up Time For Your Emails

While it is tempting to answer emails as they come in for a multitude of reasons such as not forgetting about them or appearing to be always reachable, answering them as they come in is actually a very ineffective way to handle these communications. Instead, you should set up a few times a day to handle the emails that come to you; this way, you will not have to stop what you are working on multiple times in order to address email concerns, and you will make sure that all emails are handled and none of them slip through.


Set Up A System with Rewards


You are likely to work faster and harder when there are rewards in sight for doing so. After all, it is hard to keep up motivation when there is no tangible payoff for extra work, especially in the long - term. Having milestones set up and motivators for you to pull through and achieve at a higher caliber will boost your productivity more than many other tactics ever will.

Make Sure That Everybody Has Time For Themselves

As tempting as it might be to make longer working hours mandatory in order to get more done, you will not achieve much if you are fatigued. Productivity is always higher when people have had enough sleep and enough time away from a task, in order to come into it, refreshed during their prime working hours. Give yourself enough breaks during the day and enough time to get amply rested for the next day if you want to see your productivity soar; in addition to just feeling better in general.

Today you are in for a great sharing from my friend, Dr Travis Bradberry. It dives into how ultra successful people use emotional intelligence to achieve their dreams! For your easy digestion, I have crunched down his findings with Strayer University into 5 easily repeated habits.

1. Be composed.

Ultra-successful people are composed because they constantly monitor their emotions; they understand them, and they use this knowledge in the moment to react to challenging situations with self-control. When things go downhill, they are persistently calm and frustratingly content (frustrating to those who aren’t, at least).

2. Be knowledgeable.

Super-successful people know more than others do because they’re constantly working to increase their self-awareness. They vow constant growth. Whenever they have a spare moment, they fill it with self-education. They don’t do this because it’s “the right thing to do”; they do it because it’s their passion. They’re always looking for opportunities to improve and new things to learn about themselves and the world around them.

3. Deliberate.

Ultra-successful people reach decisions by thinking things out, seeking advice from others and sleeping on it. They know that (as studies show) impulsively relying too much on gut instinct is ineffective and misleading. Being able to slow down and logically think things through makes all the difference.

4. Speak with certainty.

It’s rare to hear super-successful people utter things, such as “um,” “I’m not sure,” and “I think.” Successful people speak assertively because they know it’s difficult to get people to listen to you if you can’t deliver your ideas with conviction.

5. Use positive body language.

Becoming cognizant of your gestures, expressions and tone of voice (and making certain they’re positive) draws people to you like ants to a picnic. Using an enthusiastic tone, uncrossing your arms, maintaining eye contact and leaning toward the person who’s speaking are all forms of positive body language that super-successful people use to draw others in.

A journey of thousand miles begins with a single step. Take one each day and you will reach your dream destination.

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THE SECRET OF SUCCESS ACCORDING TO JACK MA


According to Jack Ma, the founder and CEO of Chinese e-commerce giant Alibaba, it takes love to succeed despite long odds. He grew up poor, failed his university entrance exams (twice), and was turned away from dozens of jobs. Now he's worth something like $29 billion.

What does he credit for his success?

In a recent talk at the Bloomberg Global Business Forum, he explained that while IQ is certainly helpful, and EQ is also beneficial for getting ahead, his rags to riches story was possible only because he possessed another extremely valuable quality -- LQ. "If you want to be respected, you need LQ," he told the assembled bigwigs.

Our secret weapon to beat the machines: LQ
What's LQ? It's "the quotient of love, which machines never have," Ma explained. In a world of rising technology, what will allow you to succeed isn't sheer mental horsepower -- computers will always be faster and more accurate, after all -- nor is it just basic EQ, like regulating your own emotions and recognizing others'. What sets humans apart is love, i.e. our feeling for justice, our creativity in the face of challenges, our ability to empathize deeply and respond wisely.

"A machine does not have a heart, [a] machine does not have soul, and [a] machine does not have a belief. Human being have the souls, have the belief, have the value; we are creative, we are showing that we can control the machines," he insisted.

The problem, according to Ma, is that we're training young people to try to outdo machines in areas where we'll never beat them. Instead, we should be nurturing children's LQ. "We have to teach our kids to be very, very innovative, very creative," Ma said. "In this way, we can create jobs for our own kids."

In all, Love conquers all challenges.