Buzzword - Cyclosis
(noun) the paranoia and bewilderment suffered on realising your company's performance over the last decade has been entirely down to the favourable economic cycle.
(noun) the paranoia and bewilderment suffered on realising your company's performance over the last decade has been entirely down to the favourable economic cycle.
We have all seen the gloating by sales people who cling unshakeably to the mistaken belief that they – and they alone – are holding the company afloat. ‘I brought in £500,000 in revenues last year,’ they say. ‘Without me we wouldn’t have a business.’
Next time you find yourself trapped in a similar conversation, suggest they swap jobs with you. If you deliver nothing, they really are worth £500,000 to the organisation. If you deliver £450,000, they are worth £50k. If you deliver £600,000 it might be time your once-esteemed colleague bids you goodbye. If that sales person were to take a moment for personal reflection, he or she might feel a tightening in his or her stomach. This is known as cyclosis.
Many CEOs and CFOs are already sufferers. For them it starts with a pang, before leading to intense feelings of bewilderment as they realise they are not making the difference to shareholder value they thought they were.
The highs were the result of a general economic upturn and the lows, well the lows were the result of their failure to anticipate the turning of the curve – and of their failure to deal with it.
Baffled by business buzzwords? Send them to [email protected] and we’ll attempt to deconstruct them.
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View articleThe FRC has announced Richard Moriarty as its new chief executive, replacing Sir Jon Thompson Read More...
View article