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.


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.


Sep 13, 2016


In: Meme, Word of the Day


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.


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.


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


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.


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.