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Formula Book Compiled - Non-engineers
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๐ŸฅณNon engineers
๐ŸฅณShweta Arora
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๐Ÿ Commonly used MBA Jargons, Everyone should be aware of ๐Ÿ

1. Behavioural Competency: Skills and behaviors needed for effective job performance.

2. Employee Turnover: Rate at which employees leave and are replaced within a company.

3. Total Rewards: All benefits and compensation received by an employee.

4. Unconscious Bias: Implicit attitudes that influence decisions unknowingly.

5. Hierarchy of Needs: Maslow's theory that human needs are prioritized in a hierarchy.

6. KPIโ€™s (Key Performance Indicators): Measurable metrics used to evaluate performance.

7. Performance Appraisal: Assessment of employee performance against set criteria.

8. Talent Management: Strategic approach to attracting, developing, and retaining skilled employees.

9. Social Learning: Learning through observation and interaction with others.

10. Theory X & Theory Y: Management theories about employee motivation and behavior.

11. Johari Window: Model for understanding self-awareness and interpersonal relationships.

12. Work-life Balance: Equilibrium between personal life and work responsibilities.

13. Job Analysis: Process of defining duties, responsibilities, and requirements of a job.

14. 360-degree Feedback: Feedback obtained from various sources about an individual's performance.

15. Management By Objective (MBO): Approach where objectives are collaboratively set and progress is measured.

16. Classical Conditioning: Learning process where a response is associated with a neutral stimulus.

17. Gamification: Using game elements to engage and motivate individuals.

18. Retrenchment: Reduction of workforce due to restructuring or financial reasons.

19. Labour Strike: Organized cessation of work by employees to address workplace issues.

20. TQM (Total Quality Management): Approach focused on continuous improvement and customer satisfaction.

21. DE&I (Diversity, Equity, and Inclusion): Initiatives to promote diversity and inclusion in the workplace.

22. Situational Leadership: Leadership approach that adapts based on the situation and team readiness.

23. Job Rotation: Practice of moving employees across different roles or departments.

24. Layoff: Temporary or permanent termination of employment due to organizational reasons.

25. Moonlighting: Holding a second job in addition to a primary job.

26. Pay Grade: Salary range assigned to a job based on its value to the organization.

27. Change Management: Managing the transition process within organizations.

28. Contract: Legal agreement outlining terms and conditions of employment or business.

29. Attrition: Natural reduction in workforce due to resignations, retirements, or other reasons.

30. Employee Engagement: Emotional commitment employees have towards organizational goals.

31. Employee Retention: Strategies to retain talented employees within an organization.

32. Maslow's Theory: Psychological theory on human motivation and needs.

33. SWOT Analysis: Evaluation of Strengths, Weaknesses, Opportunities, and Threats of a business or project.

34. ROI (Return on Investment): Measure of profitability relative to investment.

35. Cost-Benefit Analysis: Evaluation of costs and benefits associated with a decision or project.

36. Strategic Planning: Process of defining objectives and strategies for achieving goals.

37. Competitive Advantage: Unique qualities that differentiate a business from its competitors.

38. Supply Chain Management: Coordination of processes involved in delivering goods or services.

39. Break-even Analysis: Calculation of point where revenue equals total costs.

40. Corporate Social Responsibility (CSR): Business practices that benefit society and the environment.

41. Blue Ocean Strategy: Strategy focusing on creating uncontested market space.

42. Core Competencies: Unique capabilities that give a company competitive advantage.
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43. Stakeholder Analysis: Evaluation of individuals or groups affected by a project.

44. Leadership Styles: Different approaches to leading and managing teams.

45. Market Segmentation: Dividing a market into distinct groups based on characteristics.

46. Financial Modeling: Forecasting future financial performance using mathematical models.

47. Lean Six Sigma: Methodology combining lean manufacturing and Six Sigma principles for process improvement.

48. Organizational Culture: Values, beliefs, and behaviors that define an organization.

49. Risk Management: Identification, assessment, and mitigation of risks.

50. Entrepreneurship: Process of starting and running a new business venture.
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