10 most used Corporate Jargons in the business world – Business English Lesson - YouTube

Channel: Learn English with Let's Talk - Free English Lessons

[0]
Hi friends I'm Rachna and today's class is about corporate jargon. Now what are jargons?
[9]
A jargon is a word or an expression used by professionals
[15]
and well more often than not, we don't understand what they mean when they use these jargons.
[29]
Well, so IT people have their own jargons, people who are marketers have marketing jargons
[43]
and when they use it with their co-workers, they understand exactly what they mean, but
[49]
maybe you and I won', okay. So, today we are going to look at common jargons that we use
[54]
in our day to day work life. The first on is, to be on the same page. Now, to be on
[67]
the same page doesn't mean that you're literally on the same page, but it means to have the
[73]
same amount of understanding or to agree with someone. okay. Now supposing I am proposing
[104]
an idea in in a meeting and I suggest something, and I look at a colleague of mine and say,
[111]
"Are you in the same page?" okay. That means I'masking him if he agrees with me or does
[119]
he feel the same or does he have you know are we like minded on this point. So when
[124]
you ask someone, "Are you on the same page?", you're actually asking if they agree with
[128]
you or if they have the same understanding as you do.
[133]
Now supposing a mother is telling her child something and he really does not follow it,
[138]
she tells him, "We're not on the same page. Now listen carefully to what I'm telling you."
[145]
That means she's asking him to understand or to agree with her, okay. So remember, to
[153]
be on the same page means to have the same amount of understanding or to agree with someone,
[161]
okay. The next jargon is ball park figure. Now, a ballpark figure is a tentative number
[170]
or say an approximate number or a figure. This is very commonly used by sales professionals,
[190]
accounts and basically all the people who deal with numbers all the time, okay. Now
[197]
supposing I order five coffee vending machines for my office and I ask him to give me a discount.
[204]
So, I really need to know how much I'm gonna pay him. So I tell him, "After discount, how
[213]
much do I need to pay you?" okay, what's my bill amount? And he tells me, "Ma'am, I've
[219]
not calculated the exact amount after discount, but well the ballpark figure is say five hundred
[227]
dollars, okay. That means he's giving me an approximate number, okay. So many time you
[234]
hear uh sales uh you know the sales head or the departmental head asking his team, "So
[241]
how much have you all achieved this month? Have you all achieved your targets?" So people
[245]
uh generally have not calculated the exact figure, but they do give him a ballpark figure.
[252]
That means uh you know just a tentative or an approximate number. So it's not the exact
[259]
number or figure, but somewhere close to that number or figure. SO a ballpark figure means
[268]
an approximate number or figure, okay. The next jargon is bandwidth. Oh, this is not
[277]
the one we talk about when we uh express the rate of data transfer. When we use it in our
[284]
work life, you know on day to day basis, we use it to say the willingness to do something,
[291]
or the physical or the mental stamina or the ability to do something. Now supposing I have
[329]
a lot of projects in my hand and my boss gives me one more, okay an additional one, I tell
[336]
him, "Sir, honestly I do not have the bandwidth to take on a new project. That means I mentally
[346]
or physically just cannot take on a new project, okay or sometimes you have a manager allocating
[354]
uh or allotting work to his junior and tells him, "Do you have the bandwidth to complete
[360]
this by tomorrow evening?" That means hes's asking his subordinate if he has the ability,
[367]
if if you know the physical or the mental ability of completing the work by tomorrow
[373]
evening, okay. So the the jargon used is- do you have the bandwidth to complete this
[379]
by tomorrow evening, right? So remember it means the physical or the mental ability of
[385]
working, okay. The next one is circle back. Well, very simple. Circle back means talk
[392]
later. Now suppose I am extremely busy and I get a call, uh you know probably uh making
[406]
plans for the Christmas party at in the office. So I say , "I'm busy right now, could we circle
[413]
back later on?" Okay, that means could I talk later. So I'm really busy right now, I can't
[421]
speak on this right now. Could I circle back or could we circle back later. That means
[426]
could we discuss this later. So when you wanna talk about something later, you always use
[432]
the expression circle back, okay friends. Well, the next one is face time. Well, face
[440]
time simple, in person meeting. That means a face to face meeting, okay. So I could say
[456]
that John has requested for some face time with the CEO of the company next week. That
[463]
means he has requested for some time to meet in person. To meet whom? The CEO of the company,
[471]
okay. Well, I wish you and I could have some face time. You know learning English would
[476]
be lot more fun. Fine, so face time means in person meeting, a face to face exchange.
[483]
Well, the next one is leverage. This is the most common jargon used in our corporate lives.
[491]
It means to take maximum benefit or advantage of something, okay. So well, every organisation
[516]
needs to leverage its key resources. That means every organisation needs to take maximum
[523]
benefit or advantage of its key resources right, to be successful. Well, sometimes we
[531]
are in a situation where uh we leverage on. That means we take maximum benefit or advantage
[539]
. So you see the situation is going to work in your favor and you act accordingly, that
[544]
means you are leveraging on the situation. So when you leverage it means you take maximum
[551]
benefit or advantage of a situation or something, it could be a company leveraging its resources,
[559]
right. So this is the most common jargon used in corporate world. Well, the next one is
[564]
phone tag. Now phone tag, obviously the word phone has uh got to do with telephone. Now
[570]
a phone tag is when two people are trying to contact each other over the telephone,
[577]
okay, and they always happen to miss each other's call. So supposing I call a client
[583]
of mine and he's not at his desk, I leave a voicemail and when he calls me back, I'm
[591]
not at my desk and then he leaves a voicemail and very often this exchange happens where
[596]
we are just unable to get in touch with each other over the phone. So, it's a very common
[604]
situation, okay and that is the time I'm gonna say finally when I get him on the phone, I'm
[609]
gonna tell him, " We've been playing phone tag since morning." Okay, so playing phone
[614]
tag means we've been trying to get in touch with each other okay, but the situation just
[620]
does not permit to. Okay. Fine, so phone tag is a situation where two people try to reach
[648]
out to each other over the phone, but both are busy and they always happen to miss each
[654]
other's call, fine? The next one is piggyback. Now, the word piggyback actually means to
[660]
carry someone on your back shoulders okay, like you have uh you know a father carrying
[665]
his lil girl on the back and playing, so you piggyback. But well when you use it in your
[671]
corporate life, that means you actually steal someone's idea without giving no credit to
[678]
the person. Now supposing I overhear a colleague uh talking about a nice marketing plan and
[701]
you know it's his idea, it's his great mind and I kind of feel I should steal it and propose
[711]
the same thing in the meeting, so I piggyback on his idea and make a similar proposal so
[718]
I get the credit. So people are going to get really impressed by what I said or suggested
[724]
as a marketing plan . But if you go to see, it is not original my idea, I have stolen
[731]
it from a colleague, alright? So that means I piggybacked on his idea and proposed the
[739]
same in the meeting. So well friends, a very wrong thing to do, don't piggyback, okay,
[744]
because it's it's rude it's mean to steal people's ideas and thoughts and take the credit
[750]
for it, alright, because it's really not your idea. So let people have theirs. So that is
[755]
what piggyback means, okay. So imagine in the meeting when I propose the same, he's
[761]
going to know she piggybacked this from me and probably Rachna just overheard me saying
[767]
it. So well, don't piggyback, okay. Well the next one is per se. Now per se means in itself
[776]
or by itself. Okay, now uh we usually use this expression 'per se' when we talk about
[797]
a particular thing in its own or on its own. Now supposing a colleague of mine sang at
[805]
the Christmas party, and well, it didn't go too well, so I tell her, "The song er se was
[813]
nice, but your voice was pathetic." I won't say patheic, but your voice wasn't up to the
[821]
mark, okay. When I say the song per se was nice, I mean to say the song by itself was
[829]
fabulous. Her choice of song was fantastic, in itself the song was brilliant but her voice
[837]
was not that great. Probably it was cracking or he had a real bad cold, so I'm gonna say
[844]
per se, okay. So uh well, sometimes uh I do tell a friend of mine, "the dress that you're
[850]
going to wear is beautiful." So the dress per se is lovely , but the way you carry it
[859]
matters. That means the dress by itself is a very beautiful piece, but the way you carry
[866]
it at the party is completely up to you. So use per se, okay. Or sometimes we have a fool,uh
[876]
you know a foolproof plan. So I'll say well the plan per se is foolproof, but how the
[883]
team executes it, is a different story altogether. That means the plan by itself is excellent,
[891]
okay, but how they execute it is a different story altogether. So when you abut something
[898]
that is small, a single element from a bigger thing or when you wan to talk about a thing
[905]
or anything particular on its own, by itself or in itself, you use the expression per se,
[913]
okay. Oh, the last one seamless. Now seamless means without any seams, okay. It means smooth
[922]
or it means without any interruptions, without any gaps, okay. Okay. Now what is a seam?
[951]
A seam is when, for example, I have a fabric and another fabric and then there are stitches
[960]
in between, right, so you can see it. There's a seam. So seamless is exactly opposite. It's
[968]
smooth, you can't make out. If there's a problem you just can't make out. Now for example,
[974]
uh my boss gives me a very difficult and a very challenging task to do and I do it beautifully,
[981]
okay. Of course I did have my issues, I did face uh you know uh, it was very daunting
[986]
and it was challenging, but the outcome was fabulous. He's going to compliment me and
[994]
say by saying, "You did a seamless job." You know, that means it was so beautifully done,
[1000]
so smooth and so well done without any difficult, without any interruption, maybe without bothering
[1007]
him, right? So he'll say, "Rachna, you did a seamless job." Now for example, uh you know,
[1014]
there's this actress giving this really challenging shot in font of the camera, and she hopes
[1021]
that she does it one go and she actually does. The director is going to praise her and say,
[1027]
"Wow! That's a sheam seamless shot you gave." Okay, that means it was beautiful, you brought
[1034]
out the emotions without any difficulty, without any interruptions, maybe without any retakes,
[1041]
okay. So that is the way we use seamless. When something is performed smoothly, without
[1046]
you know without any difficulty or interruption, we use the word seamless. Alright friends,
[1054]
well these are the ten corporate jargons for today. I hope you enjoyed learning them. I'm
[1060]
sure you're going to use them now. I'll be back soon with a new lesson, till then take care and bye