![]() ![]() Related: What Are Marketing Techniques? (Plus 14 Strategies) 8. People use learning as a noun that refers to the body of teachings or lessons you receive from an activity, event, or project.Įxample: "The team used the learnings from the workshop to develop a successful marketing strategy." ![]() It refers to the act of gaining knowledge or new skills. It can mean using your own money for a business expense, being unavailable or unreachable, or performing an action that's inappropriate.Įxample: "The teacher paid out-of-pocket for the grade five classroom materials." 7. This term can have different meanings according to the industry using it. Related: What Is a Startup? (How to Know if It's Suitable for You) 6. It can also refer to a highly desirable, but almost impossible, goal.Įxample: "The firm only takes on unicorns", refers to a company that only invests in privately held startups worth over one billion dollars. ![]() Unicorns are mythical creatures, so the term can refer to specific occurrences in different industries. It can refer to a project or an action that's difficult to complete.Įxample: "Don't boil the ocean by creating a product no one wants or needs." 5. This term describes doing a task that requires excessive effort. It can describe an easier option or a product that produces excellent profits.Įxample: "The North American market offers low-hanging fruit with no competition compared to breaking into the European market." 4. This term refers to a goal that's easy to achieve or reliably productive. Related: What Is Operating Leverage (And How to Calculate and Use It) 3. It can also mean using a tool to receive more from it.Įxample: "Can you leverage the ad team to boost our product sales?" Leverage means using an object, data, or quality to gain more control. The term can mean limiting or eliminating the physical barriers between different groups within a corporation.Įxample: "To increase our effectiveness, we're breaking down the silos and giving everyone access to important data." 2. While silos traditionally mean a storage unit for housing grain or similar commodities, in business slang, this often refers to other teams or groups. Here's a list of 17 jargon words and phrases that can be industry specific: 1. Related: What Are Some Examples of Technical Words? (By Industry) 17 examples of jargon in business While business slang is often confusing and specific to an industry or business, you can manage it once you learn the terms and use them regularly. It covers an array of words or phrases that describe how to communicate with a customer, the type of project required to complete a task, and the results employers expect from their employees. What is business jargon?īusiness jargon or lingo is the words and phrases people often use to convey different terms, activities, or directions to others in certain industries. In this article, we explain what business jargon is, provide some examples, and list 50 terms and phrases. Understanding the business slang used in your position can be important for communicating with others and doing your job more efficiently. It might be a phrase for an activity or a word to describe a specific item or task. Businesses often use industry-specific jargon or slang that they expect employees to understand. ![]()
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