There’s no doubt about it — your company probably has a million acronyms, abbreviations, and nicknames. When you started in your current position, you probably heard employees spouting off strings of letters and numbers that made absolutely no sense to you. If you’re lucky, you were given a manual or a cheat sheet outlining the important ones. If you weren’t so lucky, you better start asking and memorizing (flash cards, anyone?). The good news is that we’ve broken down some general acronyms for you right here:
What it stands for: End of Day
How to use it: “I’d like to see the completed project by EOD if possible.”
Q1, Q2, etc.
What it stands for: First quarter, second quarter, etc.
How to use it: “Our Q1 results will be released today.”
B2B or B2C
What it stands for: Business to business or business to consumer
How to use it: “We sell our services to other businesses so we’re B2B but they sell their products directly to customers so they are B2C.”
CEO, CMO, CFO, CIO, COO, etc.
What it stands for: Chief Executive Officer, Chief Marketing Officer, Chief Finance Officer, Chief Information Officer, Chief Operating Officer
How to use it: “The CEO called a meeting with all of the senior executives including the CMO, CFO, CIO, and COO.”
What it stands for: Request for proposal
How to use it: “They just turned in the RFP for our latest project.”
What it stands for: Profit and loss
How to use it: “Check the P&L statement for the results.”