(1). An internal meeting (see pow wow) intended to generate ideas, which quickly devolves into (1) a complaint session about the company, (2) a general discussion on last night’s American Idol results, or (3) one employee explaining all of his or her ideas in detail while the others quietly nod and check their blackberries.
“Team, I really just want this to be a brainstorming session about the direction we want to go in this year, so please feel free to speak your minds. Okay, to start, Ed will be informing you all of the direction we are going to go in this year. Ed?”
(1). To refine an analysis or proposal after a client tells you to try again. The term is typically heard during an embarrassing tap dance after the materials your new analyst prepared for the meeting ended up being a total mess. Next time, you might want to take a peek at the book before you walk into the the meeting, champ.
“I hear what you’re saying, Peter, and we’ll go back after we break up here, sharpen our pencils and get those new estimates to you ASAP … in the meantime, any updates on our last three invoices? Just checking…”