(1). A term used to describe established, non-negotiable beliefs and practices that your firm stands for. Not stakes that you keep on your kitchen table in case of unexpected vampire attacks.
“We have to throw these down as our table stakes, guys. If they don’t like it then they’ll have to find another wacky waving inflatable arm-flailing tubeman distributor. While we certainly stand for fun, low-balling us on shipping rates is no laughing matter!”
(1). An all-day or multi-day staff meeting which is intended to address major strategic or workplace issues. Prior to the 2008 financial crisis, offsites were usually held at a resort or similar location, but are now generally held in a conference room (coffee may even be provided, budget-permitting).