Category — MBA Word Play

This post is part of a continuing series of words and phrases that you’re likely to hear in b-school, but may not be familiar with.

This is one of my favorites, and if you take a Negotiations class, you’ll become intimately acquainted with the BATNA.  Its an acronym that stands for Best Alternative to a Negotiated Agreement. [Read more →]

This post is part of a continuing series of words and phrases that you’re likely to hear in b-school, but may not be familiar with.

“Order of Magnitude”

Officially, order of magnitude has to with estimating something within a power of 10, but in the business sense, it’s often used to describe an estimate that is within a range that allows for meaningful discussion and decision-making.

Some interesting discussion on the phrase can be found here. (Thanks, Hoover’s!)

Like this feature?  Hate it?  Current MBAs, have some phrases or words you wish you knew before you got to school?  Let me know by posting a comment below or getting in touch.