The set of decisions and outcomes of those decisions that a company has made resulting in the current state at a company. This involves analyzing relevant historical data to inform decision-making and anticipate potential impacts based on prior experiences.
Example: When deciding whether or not to expand the company's product line, the VP examined the historical context, taking into account market trends, customer preferences, and past successes and failures to make an informed and strategic business decision.
Variations: knowledge of the situation, decision log, decision context
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Question: What does "Calendar Invite" mean?
(A) When a person wants to meet with you next week.
(B) An email sent to schedule a meeting with the option to either accept or decline the meeting at the scheduled time.
(C) When a person has available time on their calendar to meet with you.
(D) When a person does not have any time to meet with you.
Answer: Find out the right answer here.
Jargonism is a Business English dictionary. You can learn about words and phrases that are commonly used in the workplace like Circle Back, Thought Leader, and Offsite. We also have a Word of the Day, which is a daily Business English vocabulary word that is commonly used in the workplace.
On this site, we also have templates on how to communicate effectively at work, such as requesting PTO, declining a promotion, and taking a sick day.
Date: 05/02/2024
Word: Close It Out
Definition: To mark something as completed.
Example: This task has been fixed, so let's close it out within the task tracker.
"Historical Context." Jargonism.com Dictionary, https://jargonism.com/words/1805. Accessed 05/02/2024.