This strategic planning tool follows a 4-letter acronym to help identify the internal and external factors affecting a business
SWOT Analysis
This company has recently entered the race in AI development with its large language model, Gemini.
This country recently became the most populated nation in the world, surpassing China.
India
Corporate buzzword to revisit a certain topic of discussion at a later point.
Circle Back
Elon Musk purchased this social media platform in 2022, leading to a wave of internal reforms and rebranding efforts (and a subsequent plummet in value).
Twitter/X
This term refers to the point where a company’s total costs equal its total revenue, resulting in no profit or loss.
Break-Even Point
This is a popular open-source programming language used for data science and machine learning.
Python
An increasing number of employers have popularized this style of work environment model post-pandemic.
Hybrid Work Model
Corporate buzzword to thoroughly analyze an idea during a brainstorming session.
Deep Dive
This term describes a situation where a company buys a controlling stake in another company, typically to gain access to new markets or technologies.
Acquisition
This is the term for the costs that change depending on how much a company produces
Variable Costs
This Excel function is used to look up and return data from a specific row or column based on a given value.
VLOOKUP
Companies are increasingly exploring this virtual 3D space with both VR headsets and software development.
The Metaverse
Corporate goals that are generally easier to achieve may be referred to as ___.
Low-hanging fruit
These two oil and gas firms merged in 1999 to become one of the world’s largest corporations.
ExxonMobil
The percentage of an industry’s sales that a company controls?
Market-Share
This tool is used to create interactive reports and visual dashboards for data analysis.
Power BI
This pharmaceutical company recently developed the newly popular weight-loss and diabetes medication, Ozempic.
Novo Nordisk
This term is used when a company or individual is overly focused on one area or task, neglecting others.
Tunnel Vision
LinkedIn was acquired by this company in 2016.
Microsoft
What does MECE stand for?
(we learned about this during Consulting 360!)
Mutually Exclusive, Collectively Exhaustive
This software is used by consultants to help businesses manage customer interactions, improve sales, and enhance customer service.
Customer Relationship Management (CRM) software
This Southeast Asian nation recently surpassed China as the world's largest exporter of textiles.
Vietnam
This buzzword refers to the time or energy an employee devotes to a task or project.
Bandwidth
When a company purchases its supplier, it is engaging in this type of integration.
Vertical Integration