Tag Archives: Business

Jack of all trades, master of none

Nationality: American
Age: 19
Occupation: Student
Residence: Los Angeles, CA
Language: English

Text: “Jack of all trades, master of none”

Informant: “‘Jack of all trades, master of none’ is a proverb that greatly resonates with me and my craft. I often find myself bouncing around from idea to idea, unable to hone in on one particular skill set. This proverb induces feelings of annoyance and stress as I navigate my field, looking for a route that satisfies me. In an industry of underpaid post-production workers, this proverb is especially worth contemplating, as much as I’d rather not.” 

Interpretation: The proverb “Jack of all trades, master of none” has been used as a warning against overstretching yourself rather than becoming an expert in just one area. The informant finds the statement to be stressful and frustrating, which is shown in the modern reality of creative industries where adaptability is frequently required but not always rewarding. Their story demonstrates the conflict between specialization and flexibility, particularly in a business like post-production in the film industry, where having several skills can be a source of both professional uncertainty and survival. The expression shifts from describing a straightforward reality to describing a continuous conflict in which the necessity to wear several hats and the pressure to succeed in one area collide.

F.I.T.F.O. – Slang

Nationality: Irish/German
Age: 19
Occupation: Undergraduate Business Student at the University of Illinois Urbana-Champaign
Residence: Champaign Apartments in Champaign, IL
Language: English

Text:

F.I.T.F.O. (Figure It The Fuck Out)

Context:

“I’m in an investment banking org called [REDACTED] and to fit in with the finance bros, I started saying F.I.T.F.O. or Figure It The Fuck Out because ya know, sometimes you just don’t have time to do help someone or someone keeps slacking on a project and it’s just like F.I.T.F.O.!”

Analysis:

The performer is an investment banking female who’d mentioned she felt it hard to fit in with other people in her profession as it’s a male-dominated field, so she’s made an extra effort to learn the slang to be a part of the in-group. The occupational folk group of business people tends to need an air of professionalism, hence, it being an acronym as the full saying is too vulgar. Additionally, with the spirit of business being one that encourages one to take initiative at fast paces, F.I.T.F.O. makes succinct sense in telling someone to professionally (and somewhat aggressively) do their due diligence.

EBIT

Earnings Before Interest in Taxes

Informant is an Accounting Major.

[So what does that (EBIT) mean?] It basically measures a company’s profitability and its calculated as the revenue minus the expenses but it does not include taxes or interest, it’s also known as operating profit. [What’s your relationship to this, this EBIT that you speak of?] (laughter) I am an accounting major, so therefor I have to look at a company’s EBIT and occasionally have to calculate it. It’s unfortunate, really. [Where did you first hear this, was it in a class-?] Yeah it was in my accounting class, BU8380 financial accounting I do NOT recommend anyone take that class, or any other accounting class (laughter). [Will it be that you’ll type it out or see it on a document-] I’ll see it, sometimes when people are talking about it, when it does come up, sometimes it’ll come up when you’re talking about companies profitability, yeah, that’s when it’ll come up. [Is this a term that is used more exclusively by accountants, or if you’re a business major and you hear EBIT you’ll know what someone’s talking about] Business majors should know [should know?] if they payed attention in class (laughter).

-Interview with Informant

The shortening of words is a longstanding practice. Humans are lazy by nature and so as time passes they will say and do things the easiest way they can. Often the way a person says a word changes as the vowel sound becomes the one easiest to make after the previous one in a word. For example the word for is often pronounced as “fer” in modern day, where as fifty years ago no one would have pronounced it that way. “Fer” is easier to say and more convenient than the defined “for”, so that’s how its said. Accountants are no exception to this. All of the different professions also have jargon, and whereas someone who is a Dornsife students probably would have no idea what EBIT was or even what it means once the words are said, a Vertibi student, or at least one that has taken an accounting course, would. The informant voiced a general dislike of their chosen study, which gives insight into the almost mandatory or inevitable nature of folklore. Despite their deep dislike of accounting, the informant cannot help but know the terms used frequently by accountants. Minor forms of folklore are often picked up without realizing or making a conscious effort to do so. When one frequently interacts with something or some group, they are bound to pick up the relevant lore.

Christmas Punch

Context:

M, 56, is from Mexico; he was born and raised in Tijuana but spent a great part of his youth in Cabo San Lucas, Mexico. M has been living in Cabo for over 30 and has owned a clothing store there for just as long. He told me of a Christmas tradition he developed on his own in which he makes punch and hands it out to the people that visit his store.

Text:

I’m going to tell you about the punch that I make every year on December 24th, back home in Cabo San Lucas. Since the early 90s, I began the tradition of offering a drink, punch, which is a Mexican beverage. Every Christmas Eve from noon to nightfall, I give every customer that passes by my store a cup of freshly made hot punch. I do this because it is a Mexican tradition to make Christmas punch, but I also got this idea from my aunts in the U.S. that have a tradition of making apple cider and distributing it at winter holiday events. In Mexico, we don’t do apple cider, but we do have punch, which is similar enough. It is also a demonstration of gratitude and a marketing tactic for my customers. This punch is mostly made of tropical fruits, many of them endemic to Mexico. Some of the ingredients I use are guavas, apples, oranges, pears, sugar cane, tamarind, tejocotes, piloncillo, cinnamon, hibiscus, etc. To make this punch I use a 5–8-gallon pot and boil water, then I add all the ingredients and let it simmer for half an hour. Once all the fruit essence is infused, I add piloncillo to my liking to sweeten the punch. Then it is ready to serve. I know many cultures have their version of a hot fruity drink for the winter; America has apple cider and Europe has Vin Chaud or Gluhwein, but in Mexico we have punch, plus, it’s non-alcoholic. I think this tradition is tied up with many other environmental elements such as the decorations, the cheerfulness, the Christmas carols and music, and the smells; all together they make Christmas more like Christmas. I think the Christmas spirit is about generosity which is why it is so special to give things to people who don’t expect them.

Analysis:

This holiday tradition shows how a larger and more common tradition can be adopted and altered so it can be performed differently by various individuals. This tradition, even though it may appear a simple marketing strategy is more than that, it has been 30 years in the making; it is a ritual that remains unchanged for the most part after nearly three decades. This Christmas tradition is a way of sharing and giving back to a community as a token of appreciation; food and drinks are essential ways of engaging with a community, especially during a holiday that emphasizes the importance of generosity. It is folkloric because of its conception and ritualization; it was inspired by different influences and was coined to fit the needs and intentions of a specific person. This tradition is tied with many other elements to create a truly magical time that triggers nearly all the senses to ensure an emotive and compelling festivity such as Christmas.

Wise Quote about Business Leaders

Nationality: Swedish
Age: 50
Occupation: Business Leader
Residence: Palo Alto, California
Performance Date: 04/22/18
Primary Language: Swedish
Language: English

Background information:

My dad, Anders, has been working in the realm of business since he was in his early twenties. He started working in Sweden at a tech company and then moved on to work at Hewlett-Packard when we moved to Silicon Valley in Palo Alto. Because he has been working for nearly thirty years in business, I consider him to be very experienced in corporate affairs, client interactions, and business endeavors, and know that he speaks from experience when he discusses business and management.

 

Main piece:

When I was talking to my dad, a saying that he often says truly caught my attention. Through working at various jobs throughout my life, my dad would always emphasize one saying in particular: “there is a difference between a manager and a leader—there are many managers but a few leaders”. This quote is applicable to anyone who is in the workforce as it clearly shows a divide between managers who are true leaders and are able to efficiently lead their employees and those managers that simply have the title of manager but are unable to lead. Through my dad’s experience working in various departments of business and interacting with numerous managers, as well as leading others himself, he perfectly sums up those with true management potential.

 

Personal thoughts:

Because I have seen my dad work very hard throughout my life, I know that he is extremely passionate about business and is very knowledgeable about the business world. When I was sharing my experiences with him about working various jobs, he constantly reiterated this saying, which I found a lot of comfort and sense in. I completely agree with this saying and feel that it amply sums up many frustrating experiences that individuals often face with their managers and coworkers in the workforce.