When a team within a company is asked to work on a special project by the company's leadership and does not have to follow the usual rules of the company
Example: The team is working on the company's next big product bet. The team is moving fast and trying to operate like a startup within a big company.
Variations: internal startup
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.
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.