IELTS Vocabulary Tips – Common Abbreviations in the Business World
“TLDR” stands for “Too long don’t read”. This abbreviation is commonly used at the beginning of a long post, email or report and is usually followed by a summary of the main contents.
“ASAP” means “As soon as possible”. This term is used to highlight a state of emergency which requires immediate actions.
For example: Please contact the Marketing Department ASAP to discuss a solution.
“TBD” is short for “To be confirmed”. The abbreviation is used for something that has not been finalized or is in the work-in-progress state.
For example: Who will host this client meeting is something TBC.
“TBD” can either mean “To be decided” or “To be determined”. In general, it has a similar meaning to “TBC”.
For example: The TBC status of the head of finance vacancy suspends the launch of several new employee compensation programs.
“Approx.” stands for “Approximately”, which is an adjective to describe an estimate or guess.
Example: Approx. 500 customers have signed up for the testing phase of our new product.
“EOD” means “End of day”. In business writing, this term sets deadline expectations and is usually associated with required actions.
Example: Please respond to the customer’s complaint by EOD.
“EOW” is the abbreviation for “End of week”, which has a similar function to “EOD”, but the expected deadline is by the end of the week.
Example: An EOW deadline will be more suitable because it gives employees a few more days to sign up for the training program.
“PM” in the business world usually refers to a position or job title. This includes, but not limited to: Project Manager, Product Manager, Partner Manager and Program Manager.
“Comms” stands for “Communications”, which is a key department in many companies.
Example: The Comms Department will prepare a press response tomorrow.
“HR” is short for “Human Resources”, which is another department at a company.
Example: A comprehensive HR program consists of many aspects, from talent recruitment, employee satisfaction measurement to salary calculation.
“OOO” means “Out of office”. Employees usually set this as their status when they take a leave or cannot respond to emails/ calls.
Example: Our Head of Customer Experiences is currently OOO and may be late to respond to your email.
“AI” in the technology world often refers to “Artificial intelligence”, whereas in the business world, it stands for “Action item”. This term specifies one or several required actions that someone needs to take.
Example: This guidebook will explain the set of AIs to prepare for the company-wide event tomorrow.
Although “XFN” means “Cross-functional”, which is technically an adjective, the term is also widely used as a noun. It describes a team in which members have different areas of expertise.
Example: The launch of a new product requires investment from several XFNs, from Engineering, Product Development, Marketing to Sales.
Managers and business leaders use OKR (short for “Objectives and key results”) to define what they want to achieve and how it will be done. For example, an objective can be to increase sales by 30%, and two key results that need to be obtained include “lowering product prices by 40%” and “launching two TV ads”.
Do you have other common abbreviations to share with us and our readers? Please comment below!