(1). A term used to describe full transparency on a deal or issue (i.e. opening the kimono to see what’s underneath).
“Okay guys, we’re going to have to be open kimono on this deal.”
Props to John M. for the submission.
Open Kimono
RANDOM LINGO
Scope Creep
(1). The slow, silent expansion of responsibilities by an operations department or, worse, an outsourced service provider. Scope Creep is usually only discovered after you receive an outsized bill or you realize that your job has somehow been centralized in a foreign country.
“Aren’t we a little concerned about scope creep here, Mike? Remember what happened when we centralized our client service reps a few years ago – all of sudden we had 200 guys in Bangalore calling themselves ‘Steve from Dallas’!”
Squish Factor
(1). A certain amount of flexibility in your financials.
“Yes, the numbers are looking good so far this year. Of course, that “Projected Estimable Receivables” balance provides us with a fairly healthy squish factor in case any of the board members starts asking questions.”