MBA Jargons

I was just talking to one of my friends, who is working in Chicago. She was saying that she could see lot of change in my language in terms of using jargon. She says MBA is nothing but seeing the simple life in a complex view and making things unnecessarily complex. We had a healthy debate on this for almost 45 minutes. She might be true in saying that MBA’s use jargons a lot but yes, they don’t see simple things in a complex manner. In fact they make your life simple. I just said forget how people are seeing it. Ultimately we need the solution at the end of the day for any problem. Whatever may be the approach, at the end of the day we need an optimal solution. He/she who succeeds in this is the actual winner.

Few jargons:-

Incentive: - This is the most important thing for anyone for doing anything under the sky. Life just moves on with incentives. People may argue that there are many things in the world that just moves without incentive. But if you look at them carefully there will be some incentive. I know by now you might have started thinking about Non-profit organizations. They may not work for profit but yes, there is an incentive for them to work for fame or an incentive of self-satisfaction.

Trade-off:- Everyone might have done some trade-off before choosing anything. May be they might not have used the word trade-off but they might have did this in their day to day life. When we have two choices in our hand how do you think we choose one finally. We may do lot of trade-off between them, try to find out which gives us more incentive to go ahead, do some calculations if any, weigh the pros and cons of both and see the long run profitability and then we finally choose one.

Few more jargons like marginal, strategy, Core competencies, Competitive advantage, Optimize

The list goes on and on. I may come up with few more interesting jargons as I move further in my MBA.