MGMT 153: Course Intro & Business Lingo

Business Lingo
How to "talk the talk"
Paradigm Shift

Definition: A change from the conventional way of thinking.
Buy-in
Buy-In

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

Definition: Beyond the cutting edge.
Scalable
Scalable

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.
Leverage
Leverage

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.
Synergy
Synergy

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.
Logistics
Logistics

Definition: Can refer to shipping, or the planning process.
Introductions
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
Today's
Agenda