(1). A stupid word used in place of “history”.
“Hey Mike, why don’t you give him the back story on the Collins deal?”
Props to Lisa for the submission.
Back Story
RANDOM LINGO
Sausage Making
(1). The process of getting a law passed by Congress. The law will ultimately include a multitude of irrelevant and contradictory provisions, ensuring lawyers and accountants will remain employed for years to come, which was likely the goal in the first place.
“What does this provision mean, anyway? Can I veto it? Why can’t I veto it? I’m the President, for Christ’s sake! Can’t we ever get something through Congress without all the sausage making? Maybe I’ll just declare myself President for Life…can I do that?”
Value Add
(1). An indeterminate skill or service that is generally considered unimportant or extraneous. Members of unnecessary business units (see nice-to-have) often use the term to justify to management that the service they provide is vital to the company. Value Adds are often difficult to identify and explain, and may provide management with an excuse to liquidate the business unit altogether.
“We need to show the client the value adds we’re bringing to the table here. How else are we going to justify the ridiculous fee we just quoted?”