ManagementSpeak: We strive to be the industry leader.
Translation: We strive to copy our competitors, but on the cheap.
This week’s contributor, although anonymous, became an industry leader by submitting this addition to our phrase-book.

ManagementSpeak: We need to cut our IT budget.
Translation: We haven’t figured out a way to grow, and aren’t willing to give up any executive perks.
This week’s anonymous contributor describes the relationship between strategy and budget.