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Type: Public  |  Created: 2008-03-30  |  Frozen: Yes
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  • MBA :  

    Air Hogs: students who monopolize classroom discussion and love to hear themselves speak.

    Air Time: a precious opportunity-speaking or making comments in class. Analysis Paralysis: not being able to make a decision because you've gotten lost in the thicket of your own analysis.

    Back of the Envelope: an abbreviated analysis of the numbers.

    Barriers to Entry: conditions that prevent entry into a particular market. Beta of a Stock: the inherent volatility of a stock. Bottleneck: the point in a plant or process that determines or blocks the pace.

    Burn Rate: amount of cash a company consumes each day.

    Case Cracker: a comment in class that gets to the essence of case.

    Case Study Method: popular teaching method that uses real-life business cases for analysis.

    Chip Shots: unenlightening comments made during class discussion for the sole purpose of getting credit.

    Cold Call: unexpected, often dreaded request by the professor to open a case.

    Core Courses: courses in the basic disciplines of business, usually mandatory.

    Corner Office: office location that all MBAs aspire to and the exclusive province of partners, managing directors and senior executives.

    Cost Benefit Analysis: calculating whether something is worth doing on the basis of the real dollar cost versus real dollar benefit. This is often used as a shortcut in analyzing the numbers.

    Cycle Time: how fast you can turn something around.

    Deliverable: what your end product is.

    Finheads: finance heads. See also sharks. Four P's: elements of a marketing strategy-Price, Promotion, Place, Product. Fume Date: date the company will run out of cash reserves.

    Functional Areas: the basic disciplines of business.

    Globalization: trend of the '80s and '90s; expanding the definition of your market to include the challenges of operating in a multicountry, multiconsumer market.

    Hard Courses: anything with numbers.

    HP12-C: the calculator of choice for number crunching.

    I-Bankers: investment banking analysts coming out of the two-year training programs and into B-school.

    Incentivize: a bastardized version of the word incentive, used as a verb.

    MBA Weenies: students who believe that once they get their MBAs they'll be masters of the universe.

    Net Net: End result.

    OOC: out of cash.

    Opportunity Costs: the cost of pursuing an opportunity, i.e., for B-school, tuition and loss of income for two years.

    Poets: students with little quantitative skills or experience (numerically challenged).

    Power Naps: quick, intense in-class recharge for the continually sleep deprived.

    Power Tool: someone who does all the work and sits in the front row of the class with his hand up.

    Pre-enrollment Courses: commonly known as MBA summer camp-quantitative courses, generally offered in the summer before the first year to get the numerically challenged up to speed.

    Pro Forma: financial presentation of hypothetical events; for example, how much new debt would a company require if it grows ten percent a year?

    Quant Jock: a numerical athlete who is happiest crunching numbers.

    Quick and Dirty: an abbreviated analysis, often involving numbers.

    Run the Numbers: analyze quantitatively.

    Sharks: aggressive students who smell blood and move in for the kill.

    Shark Comment: comment meant to gore a fellow student in class discussion.

    Soft Courses: touchy-feely courses such as human resources and organizational behavior.

    Soft Skills: conflict resolution, teamwork, negotiation, oral and written communication.

    Slice and Dice: running all kinds of quantitative analysis on a set of numbers.

    The Five Forces: Michael Porter's model for analyzing the strategic attractiveness of an industry.

    Three C's: the primary forces-Customer, Competition, Company.

    Total Quality Management: the Edward Demming method of management that caught on with the Japanese and is now "hot" in American business-managing the quality of products, service, work, process, people and objectives.

    Valuation: adds up projected future cash flows into current dollars. Value-Based Decision Making: values and ethics as part of the practice of business.v

    2008-03-30 16:24
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