Tuesday, March 28, 2006

The new biz buzz words

The Wall Street Journal ran a story Monday on new business buzz words.
Don't even talk about "rightsizing," "digitization" and the "war for talent." The new business buzzwords are "delayering," "Web 2.0" and "knowledge acquisition."
Delayering: laying off managers. It's the new rightsizing or downsizing.

Knowledge acquisition: hiring someone with the skills to keep the company competitive. More en vogue now than the "war for talent."

Unsiloing: cross-department cooperation to boost the bottom line.

Network optimization: putting plants in the best locations to manufacture products around the world.

Execution: The buzz has shifted from strategy toward implementing that strategy, making it happen.

Sox, S-O, Sarbox: Sarbanes-Oxley, the law aimed at strengthening reporting rules for public companies.

I have a tendency to give more credence to stories on business buzz words than attempts at cataloging youth slang, so take this for what it's worth. (It is what it is.) But business slang is more likely to end up in stories on your business pages than such words as chillax and ridonculous.


At 9:33 PM, March 28, 2006, Anonymous Ted said...

Delayering is OK.

I like the term "vent." As in, "We're going to vent 200 people," the way you open a hatch in a space station and let everything get sucked into space. Much more graphic image.

At 12:47 AM, March 30, 2006, Blogger WordzGuy said...

re: execution

I've heard one of our tech marketing guys say "to executionalize" at least twice.

At 10:25 AM, January 15, 2008, Anonymous Anonymous said...

This isn't business, but I like some buzz words I've heard on home remodeling programs, like when someone likes how tall something is, I've heard them say " I like the verticalization of the..., or If they like the color, they might say "the colorization is optimal...
Ha !


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