Archive for the ‘Word of the Day’ Category
Subject Matter Expert. Pronounced smee. An individual who has a great deal of knowledge on a specific subject. Frequently pronounced smee.
Usage: In order to learn more they needed to consult with a few SMEs.
Technology that is at the forefront of improvements and advances. From a reference to sailing; the leading edge is the portion of the sail that faces the wind.
Usage: As new and smaller equipment is becoming available at a rapid pace, it is difficult to stay on the leading edge.
The location where the customer is actually paying for the product. Abbreviated as POS.
Usage: A cash register is one type of POS terminal.
The financial or numerical data that describes what happened in the past. Compares to the budget.
Usage: The manager looked at the budget vs. actuals report that was published at the end of each quarter.
A practice, formula, or process that is specific to a company and results in a competitive advantage. May be a form of intellectual property that cannot be patented.
Usage: Coca-Cola’s formula for its beverage is a classic example of a trade secret.
The hashmark symbol in front a topic that allows for Internet search on that specified topic.
Usage: The hashtag #carolheiberger will help you find Twitter messages from the author of the ExecuSpeak Dictionary.
Investor or commentator who thinks that market value will go up. Optimist. Opposite of a bear.
Usage: The Wall Street bull thought that the trends were good for the investment community.
Not getting the job done right — on purpose.
Usage: Because of his strategic incompetence, he was never asked to make the coffee again.
The economic value of a business beyond its revenues and profits. Might be an estimate of what the business would be worth if sold.
Usage: Although revenues were $30M per year, the investment bankers determined that the business valuation was $60M.
Question & Answer. An opportunity for questions to be asked and answers to be provided as a dialogue.
Usage: The agenda included time for Q&A after the presentation.