We see many corproate jargons used in our daily communication and sometimes we are not able to understand them. Followings are the list of some jargons which is commonly used in corporate communcations.
AOB - Any Other Business ; ASAP - as soon as possible
BRB - Be Right Back ; EDD - Estimated Delivery Date
ETA - Estimated Time of Arrival; FYI - for your information
FYIA - for your information and necessary action / for your immediate action
F2F - Face to Face ; KPI - Key performance indicators
MOU - memorandum of understanding ; MOM - minutes of meeting
OOO / OOTO - out of (the) office
POC - point of contact, proof of concept; POS - point of sale
PTO - Paid Time Off ; RFP - Request for Proposal
ROI - return on investment; RTM - release to manufacturing
SBU - Strategic Business Unit; SME - Subject Matter Expert
SOW - Statement of work ; TBD - to be delivered
TBC - to be confirmed ; TBH - to be hired
TCO - total cost of ownership; USP - Unique Selling Proposition/Point
Friday, April 30, 2010
Tuesday, April 27, 2010
IF MANAGEMENT HAS DECIDED TO SCREW YOU, THERE IS NO ESCAPE !!!
Once PVNR (PV Narasimha Rao), L.K.Advani and Laloo Prasad Yadav were traveling in an auto rickshaw. They met with an accident and all three of them died. Yamraj ( Lord of heaven) was waiting for this moment at the doorstep of death. He asks PVNR and Advani to go to HEAVEN.. But, for Laloo, Yama had already decided that he should be sent to HELL.
Laloo is not at all happy with this decision. He asks Yama as to why this discrimination is being made. Yama agrees to this and asks all the three of them to appear for an English test. PVNR is asked to spell "INDIA" and he does it correctly. Advani is asked to spell "ENGLAND" and he too passes. It is Laloo's turn and he is asked to spell "CZECHOSLOVAKIA".
Laloo protests that he doesn't know English. He says this is not fair and that he was given a tough question and thus forced to fail with false intent. Having been a student of history (which the other two weren't), he now requested for all the 3 to be subjected to a test in history. Yama says OK but this would be the last chance and that he would not take any more tests. PVNR is asked: "When did India get Independence?".
He replied "1947" and passed. Advani is asked "How many people died during the independence struggle?" .He gets nervous. Yama asked him to choose from 3 options:100,000 or 200,000 or 300,000.Advani catches it and says 200,000 and passes. It's Laloo's turn now. Yama asks him to give the Name and Address of each of the 200,000 who died in this struggle. Laloo accepts defeat and agrees to go to HELL.
Moral of the story- IF YOUR MANAGEMENT HAS DECIDED TO SCREW YOU, THERE IS NO ESCAPE !!!
Laloo is not at all happy with this decision. He asks Yama as to why this discrimination is being made. Yama agrees to this and asks all the three of them to appear for an English test. PVNR is asked to spell "INDIA" and he does it correctly. Advani is asked to spell "ENGLAND" and he too passes. It is Laloo's turn and he is asked to spell "CZECHOSLOVAKIA".
Laloo protests that he doesn't know English. He says this is not fair and that he was given a tough question and thus forced to fail with false intent. Having been a student of history (which the other two weren't), he now requested for all the 3 to be subjected to a test in history. Yama says OK but this would be the last chance and that he would not take any more tests. PVNR is asked: "When did India get Independence?".
He replied "1947" and passed. Advani is asked "How many people died during the independence struggle?" .He gets nervous. Yama asked him to choose from 3 options:100,000 or 200,000 or 300,000.Advani catches it and says 200,000 and passes. It's Laloo's turn now. Yama asks him to give the Name and Address of each of the 200,000 who died in this struggle. Laloo accepts defeat and agrees to go to HELL.
Moral of the story- IF YOUR MANAGEMENT HAS DECIDED TO SCREW YOU, THERE IS NO ESCAPE !!!
Thursday, April 22, 2010
Its April, the appraisal time………………
HR people becomes the most important people in the corporates and they do not disclose anything and show their importance.
During the time, corporate jungles are filled with speculation and gossips.
In other hands, the bosses starts to shouting on their subordinates and starts telling them the failure and non-achievements of targets. The big guns of companies start telling the profit margin is slowdown in this year.
This process continues till the appraisals sheet not finalized. On 7th of May, when the salary credited or letter of appraisal is given to employees, they start to think to quit the company because of less increment. Till the June, starts everything becomes normal and every job is on track.
This cycle continues every year ……………….How many % you get this year...............
Tuesday, April 20, 2010
Some quotes on JOB ( Naukri)
1) The person who knows how……. will always have a job, but the person who knows why….. will be the boss.
2) All paid jobs absorb and degrade the mind.
3) Every day I get up and look through the Forbes list of the richest people in America. If I’m not there, I go to work.
4) Do your job and demand your compensation….but in that order.
5) One important key to success is self confidence. An important key to self confidence is preparation.
6) The best way to appreciate your job is to imagine yourself without one.
7) Don’t worry about people stealing your ideas. If your ideas are any good, you’ll have to ram them down people’s throats.
8) You know you are on the road to success if you would do your job, and not be paid for it.
9) You hate your job ? Why didn’t you say so ? There’s a support group for that. It’s called EVERYBODY, and they meet at the bar.
10) One important key to success is self confidence. An important key to self confidence is preparation.
Keep reading...........
2) All paid jobs absorb and degrade the mind.
3) Every day I get up and look through the Forbes list of the richest people in America. If I’m not there, I go to work.
4) Do your job and demand your compensation….but in that order.
5) One important key to success is self confidence. An important key to self confidence is preparation.
6) The best way to appreciate your job is to imagine yourself without one.
7) Don’t worry about people stealing your ideas. If your ideas are any good, you’ll have to ram them down people’s throats.
8) You know you are on the road to success if you would do your job, and not be paid for it.
9) You hate your job ? Why didn’t you say so ? There’s a support group for that. It’s called EVERYBODY, and they meet at the bar.
10) One important key to success is self confidence. An important key to self confidence is preparation.
Keep reading...........
Thursday, April 15, 2010
10 thought provoking quotes of Chankya ………….Must read.
Chanakya ( His real name was Vishnu Gupt and also known as Kautilya)was a great mentor of Chandragupt Maurya in 350 BC -275 BC. His father was Acharya Charak was also a great Raj-nitigya( Politics) How he transform an ordinary lad into a great king of India is a remarkable lesson to any corporate house or business . He was a true Indian Politician , strategist and gave some notable quote to get success in any field. He was the Maha- Mantri of Chadragupta governing body. Here are 10 famous quotes from him
1) "A person should not be too honest. Straight trees are cut first and Honest people are screwed first."
2)"The biggest guru-mantra is: Never share your secrets with anybody. ! It will destroy you."
3)"There is some self-interest behind every friendship. There is no friendship without self-interests. This is a bitter truth."
4)"Before you start some work, always ask yourself three questions - Why am I doing it, What the results might be and Will I be successful. Only when you think deeply and find satisfactory answers to these questions, go ahead."
5) "As soon as the fear approaches near, attack and destroy it."
6) "Once you start a working on something, don't be afraid of failure and don't abandon it. People who work sincerely are the happiest."
7) "Whores don't live in company of poor men, citizens never support a weak company and birds don't build nests on a tree that doesn't bear fruits."
8) "Never make friends with people who are above or below you in status. Such friendships will never give you any happiness."
9)"Treat your kid like a darling for the first five years. For the next five years, scold them. By the time they turn sixteen, treat them like a friend. Your grown up children are your best friends."
10) "Education is the best friend. An educated person is respected everywhere. Education beats the beauty and the youth."
Keep reading and apply these golden rules in life.
1) "A person should not be too honest. Straight trees are cut first and Honest people are screwed first."
2)"The biggest guru-mantra is: Never share your secrets with anybody. ! It will destroy you."
3)"There is some self-interest behind every friendship. There is no friendship without self-interests. This is a bitter truth."
4)"Before you start some work, always ask yourself three questions - Why am I doing it, What the results might be and Will I be successful. Only when you think deeply and find satisfactory answers to these questions, go ahead."
5) "As soon as the fear approaches near, attack and destroy it."
6) "Once you start a working on something, don't be afraid of failure and don't abandon it. People who work sincerely are the happiest."
7) "Whores don't live in company of poor men, citizens never support a weak company and birds don't build nests on a tree that doesn't bear fruits."
8) "Never make friends with people who are above or below you in status. Such friendships will never give you any happiness."
9)"Treat your kid like a darling for the first five years. For the next five years, scold them. By the time they turn sixteen, treat them like a friend. Your grown up children are your best friends."
10) "Education is the best friend. An educated person is respected everywhere. Education beats the beauty and the youth."
Keep reading and apply these golden rules in life.
Monday, April 12, 2010
Are you struggling to make your company a system driven company? If yes, you need to do Business Process Reengineering……..
Business process standardization and simplification reduce the cost of operation as well as the efficiency of the employee. It is necessary in today’s competitive world to make the business process at par with the industry standard and to make it so simple and friendly to process it faster and faster. There are ten golden rules which need to be checked in any business process to make it smooth.
1-Bureaucracy elimination-Reducing the unnecessary paper works, Authorization etc.
2-Duplication elimination - Reducing the repeating exercise which does not add any value.
3-Simplification -Simplifying the process and avoid the complexity of the process.
4-Process cycle time reduction-Reducing the cycle time of an activity.
5-Error proofing -To make it pokayoke and fool proof.
6-Upgrading - Simple language Understandable by all.
7-Standardization -Standardization of a process.
8-Supplier partnership - Best input gives the best output.
9-Big picture improvement -Drastically changing the process. To select a different route
10-Automation / Mechanism -Automation of manual work through computerization
Apply these rules to make your business process better and best.
Keep reading............
1-Bureaucracy elimination-Reducing the unnecessary paper works, Authorization etc.
2-Duplication elimination - Reducing the repeating exercise which does not add any value.
3-Simplification -Simplifying the process and avoid the complexity of the process.
4-Process cycle time reduction-Reducing the cycle time of an activity.
5-Error proofing -To make it pokayoke and fool proof.
6-Upgrading - Simple language Understandable by all.
7-Standardization -Standardization of a process.
8-Supplier partnership - Best input gives the best output.
9-Big picture improvement -Drastically changing the process. To select a different route
10-Automation / Mechanism -Automation of manual work through computerization
Apply these rules to make your business process better and best.
Keep reading............
Saturday, April 10, 2010
Fundamental Rules of life to sustain in this corporate era.............
We all are always in hurry and not able to judge our self. This creates the problem and frustration within us. Life is as simple as you can live it. All depends on us and nobody is responsible to make our life miserable and frustrated.
All the problem begins from our mind and our approach towards our life. Here I am going to give you some tips to improve your life to make it better and more beautiful.
1.Treat everyday as your last day. Once you adopt this kind of approach you will definitely do the best things in the day to remember you as a very good human being. Promise yourself as you are going to make this day – a great day.
2.Plan your day at the morning and stick with it. Every single moments counts from your life.
3.Keep a very positive frame of mind and accept everything in a positive note and believe that every happening whether it is good or bad comes under your way because of GOD wish.
4.Repeat the sentence five time in the morning, “ I am more than I appear to be, the world power and strengths rest inside me.” You feel the energy within you and it will keep you self motivated.
5.Recall your whole day in night and focus on those issues where you need to improve yourself and congrats yourself where you done the best.
6.Do your work at your best potential and treat every work comes in your way because you have the caliber and potential to do the work. That why it came to you.
7.Respect yourself and go to the mirror and say some positive words to you. It will give you a new kind of energy.
8.Learn from every criticism and failure because these are not for cracking you but these are there to improve you. These are lesson for the life.
9.Set the targets for you and divide your goals into four categories – Personal goals, professional goals , spiritual goals and health goals. Note down all your goals, read them once in the morning and read once again at the night. After some time, your all activities automatically align with your goals.
At last but not the least, “You will always remember by your deeds and behavior.”
Apply these rules in your life. You can see the changes in you life and if this can change your life a little bit, pass the link of this blog to all your friends.
Keep reading, I will be back with some another topic to improve our knowledge and life.
All the problem begins from our mind and our approach towards our life. Here I am going to give you some tips to improve your life to make it better and more beautiful.
1.Treat everyday as your last day. Once you adopt this kind of approach you will definitely do the best things in the day to remember you as a very good human being. Promise yourself as you are going to make this day – a great day.
2.Plan your day at the morning and stick with it. Every single moments counts from your life.
3.Keep a very positive frame of mind and accept everything in a positive note and believe that every happening whether it is good or bad comes under your way because of GOD wish.
4.Repeat the sentence five time in the morning, “ I am more than I appear to be, the world power and strengths rest inside me.” You feel the energy within you and it will keep you self motivated.
5.Recall your whole day in night and focus on those issues where you need to improve yourself and congrats yourself where you done the best.
6.Do your work at your best potential and treat every work comes in your way because you have the caliber and potential to do the work. That why it came to you.
7.Respect yourself and go to the mirror and say some positive words to you. It will give you a new kind of energy.
8.Learn from every criticism and failure because these are not for cracking you but these are there to improve you. These are lesson for the life.
9.Set the targets for you and divide your goals into four categories – Personal goals, professional goals , spiritual goals and health goals. Note down all your goals, read them once in the morning and read once again at the night. After some time, your all activities automatically align with your goals.
At last but not the least, “You will always remember by your deeds and behavior.”
Apply these rules in your life. You can see the changes in you life and if this can change your life a little bit, pass the link of this blog to all your friends.
Keep reading, I will be back with some another topic to improve our knowledge and life.
Thursday, April 8, 2010
Which Hat you are wearing? Six hat technique……….
"Six Thinking Hats" is an important and powerful technique. It is used to look at decisions from a number of important perspectives. Every person looks a problem with their attitude and to get rid from the problem, every individual has its own style of solving the problem which was actually based upon his/ her traits, educational background, experience and attitude.This tool was created by Edward de Bono.
White hat
With this kind of people always focus on the data available. Look at the information you have, and see what you can learn from it. Look for gaps in your knowledge, and either try to fill them or take account of them. This is where you analyze past trends, and try to extrapolate from historical data.
Red Hat
Wearing' the red hat, you look at problems using intuition, gut reaction, and emotion. Also try to think how other people will react emotionally. Try to understand the responses of people who do not fully know your reasoning.
Focusing the entire scenario in one shot is the characteristic of Red Hat people.
Black Hat
These are the individual who always looks for the flop side of the coin. It means they consider the bad effects first then the positive effect of the decision. This is important because it highlights the weak points in a plan. It allows you to eliminate them, alter them, or prepare contingency plans to counter them.
Yellow Hat
They are the opposite from Black hat. They always see the flip side of the coin. The yellow hat helps you to think positively. It is the optimistic viewpoint that helps you to see all the benefits of the decision and the value in it. Yellow Hat thinking helps you to keep going when everything looks gloomy and difficult.
Green hat
They are revolutionary. The Green Hat stands for creativity. This is where you can develop creative solutions to a problem. It is a freewheeling way of thinking, in which there is little criticism of ideas.
Blue hat
They are the people who are really responsible to control the problem. 'Blue Hat Thinking' stands for process control. This is the hat worn by people chairing meetings. When running into difficulties because ideas are running dry, they may direct activity into Green Hat thinking. When contingency plans are needed, they will ask for Black Hat thinking, etc.. They are always looks for the ideas from others.
So, what type of Hat you wear when a problem arises at your end?.......................
Keep reading and commenting..............
White hat
With this kind of people always focus on the data available. Look at the information you have, and see what you can learn from it. Look for gaps in your knowledge, and either try to fill them or take account of them. This is where you analyze past trends, and try to extrapolate from historical data.
Red Hat
Wearing' the red hat, you look at problems using intuition, gut reaction, and emotion. Also try to think how other people will react emotionally. Try to understand the responses of people who do not fully know your reasoning.
Focusing the entire scenario in one shot is the characteristic of Red Hat people.
Black Hat
These are the individual who always looks for the flop side of the coin. It means they consider the bad effects first then the positive effect of the decision. This is important because it highlights the weak points in a plan. It allows you to eliminate them, alter them, or prepare contingency plans to counter them.
Yellow Hat
They are the opposite from Black hat. They always see the flip side of the coin. The yellow hat helps you to think positively. It is the optimistic viewpoint that helps you to see all the benefits of the decision and the value in it. Yellow Hat thinking helps you to keep going when everything looks gloomy and difficult.
Green hat
They are revolutionary. The Green Hat stands for creativity. This is where you can develop creative solutions to a problem. It is a freewheeling way of thinking, in which there is little criticism of ideas.
Blue hat
They are the people who are really responsible to control the problem. 'Blue Hat Thinking' stands for process control. This is the hat worn by people chairing meetings. When running into difficulties because ideas are running dry, they may direct activity into Green Hat thinking. When contingency plans are needed, they will ask for Black Hat thinking, etc.. They are always looks for the ideas from others.
So, what type of Hat you wear when a problem arises at your end?.......................
Keep reading and commenting..............
Thursday, April 1, 2010
What is the ideal age for entrepreneurship?
Answer is - There is no definite age for entrepreneurship. Whenever you get an Idea, this is the right age for it.
When 17 years old Ingvar Kampard started IKEA in the year 1943, everybody was surprised and in dilemma that how a 17 years old led the company and today, IKEA has become a brand and spreaded all across the globe.
Col. Sanders started the KFC at the age of 62 in 1952 and today this company has the restaurant chain in all over the world and Kentucky Fried Chicken is famous for its seasoned chicken and people love it.
Pranoy Rao started the NDTV in 2003 at the age of 53 and today , NDTV has its value in Media industry.
When Microsoft was born , Bill Gates was only 21 years old and rest is history.
Shiv Nadar started HCL in the year 1976 when he was 31 years old. Dhirubhai Ambani laid down the foundation of Reliance in 1958 at the age of 36 years.
Why I am illustrating these examples here because in my opinion, entrepreneurship can be done at any age. There is no specified age to start a business. Whenever you get an Idea, click it and do it.
Once you start your journey, people will automatically join you. It is always better to runs your sweat for you.
When 17 years old Ingvar Kampard started IKEA in the year 1943, everybody was surprised and in dilemma that how a 17 years old led the company and today, IKEA has become a brand and spreaded all across the globe.
Col. Sanders started the KFC at the age of 62 in 1952 and today this company has the restaurant chain in all over the world and Kentucky Fried Chicken is famous for its seasoned chicken and people love it.
Pranoy Rao started the NDTV in 2003 at the age of 53 and today , NDTV has its value in Media industry.
When Microsoft was born , Bill Gates was only 21 years old and rest is history.
Shiv Nadar started HCL in the year 1976 when he was 31 years old. Dhirubhai Ambani laid down the foundation of Reliance in 1958 at the age of 36 years.
Why I am illustrating these examples here because in my opinion, entrepreneurship can be done at any age. There is no specified age to start a business. Whenever you get an Idea, click it and do it.
Once you start your journey, people will automatically join you. It is always better to runs your sweat for you.
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