Management Jargon Demystified

by Vinaya HS on January 16, 2007

in Business & Management

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Eye-opening definitions for common management jargon:

Diversification: Let’s do several things that we don’t know anything about badly.

Sticking-to-the knitting or focus: Let’s get back to doing what we once did if anybody can remember what it is and how to do it.

Decentralization: Massive duplication, confusion, and creation of thousands of petty empires.

Matrix structures: Everybody reports to everybody, no one knows who they work for and there is no accountability.

Flat organizations: Managers who can’t manage now manage tens of direct reports.

Business process reorganization: A process by which you cut everything that is essential, leaving only everything that you don’t need.

Source: Satyajit Das – Traders, Guns, & Money.




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