Corporate Lingo

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Questions and Answers

Which of the following scenarios best illustrates the idiom 'run it up the flagpole'?

  • Ignoring feedback from junior staff to push forward a strategic plan.
  • Implementing a new company policy without prior consultation to gauge employee reactions.
  • Presenting a new marketing campaign idea to the marketing team for their feedback. (correct)
  • Keeping a project secret until its final unveiling to surprise competitors.

The phrase 'keep the ship afloat' typically implies thriving and exceeding expectations during favorable economic conditions.

False (B)

In a business context, what does it mean to 'walk the talk'?

To act in accordance with your words.

When a company decides to substantially alter its business model in response to changing market conditions, it is said to _____ its strategy.

<p>pivot</p> Signup and view all the answers

Match each business idiom with its meaning:

<p>Put out fires = Deal with pressing problems Streamline processes = Enhance efficiency Synergy = Achieve more through teamwork Wheelhouse = Area of expertise</p> Signup and view all the answers

In which of the following scenarios would 'take it to the next level' be most appropriately used?

<p>Implementing a new technology that significantly boosts productivity. (C)</p> Signup and view all the answers

Explain a situation where departments can create 'synergy'.

<p>When departments work together, combining their skills and resources to achieve a goal more effectively than they could individually.</p> Signup and view all the answers

If a project falls within someone's 'wheelhouse,' it means they are unfamiliar and uncomfortable with the work.

<p>False (B)</p> Signup and view all the answers

A company is facing numerous urgent issues daily, forcing managers to spend most of their time resolving crises. Which idiom describes this situation?

<p>Putting out fires. (B)</p> Signup and view all the answers

Despite a significant economic downturn, through careful management and decisive action, the company managed to _________.

<p>keep the ship afloat</p> Signup and view all the answers

Flashcards

Run it up the flagpole

To present an idea for feedback.

Put out fires

To deal with urgent problems.

Keep the ship afloat

To maintain operations during difficult times.

Pivot

To change direction.

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Streamline processes

To make processes more efficient.

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Synergy

The combined effort of a team to achieve more.

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Take it to the next level

To improve something significantly.

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Walk the talk

To act in accordance with your words.

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Wheelhouse

An area of expertise.

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Study Notes

  • "Run it up the flagpole" means presenting an idea to get feedback.
  • For example, use it in a sentence like: “I’ll run this proposal up the flagpole and see what the team thinks.”
  • "Put out fires" means dealing with urgent problems.
  • For example, use it in a sentence like: “Most of my day is spent putting out fires.”
  • "Keep the ship afloat" means maintaining operations during difficult times.
  • For example, use it in a sentence like: “Despite the challenges, we managed to keep the ship afloat.”
  • "Pivot" means to change direction.
  • For example, use it in a sentence like: “We need to pivot our strategy to adapt to market changes.”
  • "Streamline processes" means to make processes more efficient.
  • For example, use it in a sentence like: “We’re streamlining processes to reduce costs.”
  • "Synergy" refers to the combined effort of a team to achieve more.
  • For example, use it in a sentence like: “The synergy between the departments led to record-breaking sales.”
  • "Take it to the next level" means to improve something significantly.
  • For example, use it in a sentence like: “This new technology will take our business to the next level.”
  • "Walk the talk" means to act in accordance with your words.
  • For example, use it in a sentence like: “A good leader walks the talk and sets an example.”
  • "Wheelhouse" refers to an area of expertise.
  • For example, use it in a sentence like: “Marketing is definitely her wheelhouse.”

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