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MGMT 153: Course Intro & Business Lingo

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Melissa Newman

on 24 August 2015

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Transcript of MGMT 153: Course Intro & Business Lingo

Business Lingo
How to "talk the talk"
Paradigm Shift

Definition: A change from the conventional way of thinking.

Definition: Agreement on a course of action.
Bleeding Edge
Bleeding Edge

Definition: Beyond the cutting edge.

Definition: An activity that requires little additional effort or cost for each additional unit of output.
Think Outside the Box
Think outside the box

Definition: to approach a business problem in an unconventional fashion.

Definition: A word used to describe how a situation or environment can be manipulated or controlled.
Above Board
Circle Back
Circle Back

Definition: To follow up with someone about a matter.
Deep Dive
Deep Dive

Definition: To investigate an issue or matter in depth.
Due Diligence
Due Diligence

Definition: The thoroughness required to ensure success in business decision-making.

Definition: two or more things functioning together to produce a result not independently obtainable.
Paradigm Shift
Above Board

Definition: Open and honest.
Touch Base
Touch Base

Definition: To get in contact with or update.
Value Proposition
Value Proposition

Definition: The collection of tangible and intangible things that your product offers.
(see also: “value added” or “value add”)
Change Agent
Change Agent

Definition: A person who implements change within a business.

Definition: Can refer to shipping, or the planning process.
About your instructor...
Originally from Newport, Kentucky
BBA in Marketing (UK), MBA (Morehead), MA in Education and PhD in Leadership (UofL)
10+ years of management experience
Current Executive Director of JDRF (Juvenile Diabetes Research Foundation)
5+ years of teaching experience
Meet our GA and PACE Leaders
About you...
Meet-and-greet time! Find three neighbors:
Introduce yourself with a firm, professional handshake.
Learn from them their name, year in school (and major), hometown and what they want to be when they grow up.
Syllabus & Blackboard Review
Write down their names!
Top Hat
Full transcript