Top Business Buzz Words You Should Know as a business personal. These buzz words created a boom among the business faternity.
1. Headwinds and Tailwinds
Headwinds refer to the challenges or hurdles which can come in the way of business and pose potential threats, while tailwinds are opportunities which can propel business growth further.
2. Blue Ocean
Blue Ocean Strategy is the simultaneous pursuit of differentiation and low cost to open up a new market space and create new demand.
3. Pain points
Pain points are issues faced by current or potential customers of a business
4. Freemium
Freemium refers to a business model in which essential services are provided free while the customers must pay for more advanced features
5. Move the Needle
Move the needle refers to making a meaningful impact in business
6. Flywheel
The flywheel effect happens when small wins for your business build on each other over time
7. OKR
The acronym OKR stands for “Objectives and Key Results.
8. Holy Grail
It refers to the most desired outcome for the business
9. Boomerang Employees
That employees who left the organization in a positive manner and have been approached to return.
10. Moonlighting
Moonlighting means taking up a second job or multiple other work assignments apart from one’s full-time job
11. Career Cushioning
They want to have a backup plan in case their current job doesn’t end up working out
What words did you hear ?
Source: Published on LinkedIn by Dr. Shivani Sharma (Source URL)
Follow us on Instagram and subscribe to Knowlab.
