Jargon | More jargon | Even more jargon | You guessed it...jargon | Last but not least, jargon |
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What is a deck?
A series of PPT slides.
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What is EOD?
Acronym that means the end of your working day.
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What is buy-in?
Support or agreements from stakeholders.
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What are the deliverables?
The final products that consultants give to clients at the end of a project, often including decks, Excel models, and/or research papers.
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What is bandwidth?
Capacity, free time, ability to do (additional) work.
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What are workstreams?
A group of tasks that make up a project.
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What is B2B/B2C?
Acronyms that indicate whether a business primarily exchanges products, services or information with another business (between businesses) or with a consumer/customer.
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What is MBB?
Acronym for the top 3 consulting firms.
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What is a stakeholder?
An individual or group that has vested interest in a decision, project, or initiative of an organization.
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What is the scope?
The agreed-upon list of deliverables and boundaries that underpin any client engagement.
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What are best practices?
Practices or techniques that have shown superior results relative to other practices or techniques.
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What are core competencies?
Areas where a company performs very well compared to competitors or similar companies.
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What is benchmarking?
Process of measuring the performance of a company’s products, services, or processes against those of another business considered to be the best in the industry.
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What is a competitive advantage?
Attribute(s) that enable a company to outperform its competitors.
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What are table stakes?
The minimum that is needed to compete (could be price, cost model, technology, or other capability that represents a minimum requirement to have a credible competitive starting position in a market).
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What is a SWOT analysis?
An analysis of the strengths, weaknesses, opportunities, and threats for a company.
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What are KPIs?
A set of performance measurements that evaluate the success of an organization or of a particular activity in which it engages.
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What are OKRs?
A goal setting methodology that can help teams set measurable goals and track their outcomes.
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What are the pain points?
A persistent or recurring problem (as with a product or service) that frequently inconveniences or annoys customers.
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What is ROI?
A financial metric that is widely used to measure the probability of gaining a return from an investment.
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What is MVP (minimum viable product)?
A version of a product with just enough features to be usable by early customers who can then provide feedback for future product development.
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What is boiling the ocean?
A phrase that means to undertake an impossible task or project or to make a job or project unnecessarily difficult.
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What is low-hanging fruit?
The initial opportunities, areas of exploration, etc. that are easiest to cover.
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What is MECE (Mutually Exclusive, Collectively Exhaustive)?
A framework that organizes information so that no one individual can appear in more than one category and all categories combined includes all individuals (no information is left behind).
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What are bells and whistles?
Fancy features added to a product or service to entice prospects.
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