In this content we’re going to talk about the main management buzzwords that exist in management so that you can get your bearings.
What we’ll see in this article
What are management buzzwords?
Management buzzwords are common words or even phrases that are widely used by a certain group of people.
Examples of generic buzzwords that everyone uses:
“From grain to grain, the hen is full.”
“Water soft on a hard stone, beaten until it breaks!”
Why are management buzzwords important?
Management buzzwords are important because they can determine certain situations, feelings or ideas for the same group.
So if you’re in management, it’s essential that you know these buzzwords and use them too.
That way, you’ll be part of the management culture and integrate much more with your colleagues, won’t you?
Know the biggest management buzzwords?
In this last topic, we’ll talk about the main buzzwords in the world of management.
Think outside the box
Thinking outside the box is when someone has an innovative idea or perspective, with solutions that are different from the most common ones.
The customer is always right
The phrase “The customer is always right” shows that the end customer is always the company’s priority.
Therefore, they should be treated with respect, listen to opinions and always consider their complaints so that they are dealt with as quickly as possible.
Benchmarking is the process of comparing services, products or even processes and practices from different organizations or sectors.
In this way, it is possible to identify which is the best according to certain factors.
Core competencies is an English expression meaning the unique skills that a company has.
These unique skills determine the success of that company compared to direct competitors who have their own competencies.
Do more with less
This is a phrase that focuses on optimization, i.e. using a reduced amount of resources without affecting efficiency.
These resources can be time, personnel, financial investment and others that underpin that activity.
Key Performance Indicators (KPIs):
KPIs are metrics that quantify a company’s performance or progress towards a certain goal.
Taking into account the information that these metrics reveal, such as investment and financial return, for example.
Teamwork is when a group of professionals come together to collaborate and cooperate on the same goal.
In this way, they combine their skills, technical and practical knowledge, facilities and other factors towards a common goal.
We can understand empowerment as being able to do something.
All this without the need for other people’s help or permission.
Focus on results
Focusing on results is a phrase that expresses the mindset of demanding and concrete results.
Thus, disregarding any activity or progress on something outside the main objective previously discussed.
Customer Success is a strategy for getting the most value from your products with customer satisfaction, the best of both worlds, right?
Innovation is anything that significantly improves on something that already existed, either in concept or in the combination of several elements.
Strategic thinking is the ability of a professional or leader to create strategies with the resources, objectives and deadlines they have at the time.
Learning from mistakes
Learning from mistakes is usually a phrase used when you make a mistake and the best way to deal with it is to learn.
Sounds obvious, doesn’t it? However, many people blame themselves and only seek to criticize themselves, which is why it is such a fundamental phrase.
Company culture is the set of guidelines and practices within a company that influence employee behavior.
This influence determines what is most important and essential and what is not the company’s focus.
Emotional intelligence is the ability to manage one’s emotions, expressing one’s feelings appropriately.
This will ensure more rewarding, fruitful and positive relationships inside and outside of work.
Synergy happens when people work together and their interaction has a satisfactory effect.
A great example is when the team has synergy, i.e. the skills of each professional are well balanced, generating good results.
Contrary to what many people imagine, excellence is not perfection, but rather an excellent example of something, in other words, something that is quite satisfactory.
Whether it’s quality, execution or even performance. Whether for ease or even for knowledge.
Leadership is the ability to inspire, manage and direct a group of people towards a specific goal or goals.
Thus, focusing on what each professional has to offer to the group as a whole and to the goal.
Sustainability is the good use of limited resources, whatever they may be, in order to use them for as long as possible.
In some cases, these are the company’s obligations not to harm the environment.
Mindset is an English word meaning mentality, i.e. how you interpret the world and make decisions.
All your decisions are based on what you think can or can’t be done and the limitation comes from your mentality.
A paradigm shift is when a fundamental change occurs and so all the concepts prior to the change are ignored.
Generally, paradigm shifts come about through new ideas, machinery or necessity.
Customer focus is almost a philosophy in which we seek to meet customer expectations, thus generating enormous satisfaction.
In this way, all the company’s efforts and resources are put into pleasing the customer.
Flexibility is the ability to adapt to situations, especially when they are challenging or unfamiliar.
Accountability is the responsibility and transparency of the decisions that have been made and the direct consequences of those decisions.
This concept applies not only to leaders, but to all employees in an organization.
MVP (Minimum Viable Product)
The MVP is the concept of creating a demonstration for a product that you want to launch in order to validate it, receive feedback and carry out practical tests.
Naturally, once all this information has been collected, the product goes back to the team where they make changes to actually launch it on the market.