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buy-in

English translation: a (moral) support

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:a buy-in
Selected answer:a (moral) support
Entered by: ErichEko ⟹⭐

22:01 Sep 22, 2006
English language (monolingual) [PRO]
Bus/Financial - Management / merger
English term or phrase: buy-in
We get early understanding and early buy-in from business units and the corporate people who the targets are, why it makes sense, what kind of benefits we’ll get, and what kinds of hiccups they might be having. When an acquisition is consummated, they’re already fully engaged. They have been asked to think about what they’d do with it if they were to get it.
alen botica (X)
Local time: 02:44
support (at least morally)
Explanation:
The smallest form of a buy-in is moral support, that is, you wont get resistance/criticism and will be allowed to continue with your initiatives. Biggest buy-in takes the form of financial/logistics and advocacy, i.e., these people will campaign for the project to be launched.
Selected response from:

ErichEko ⟹⭐
Indonesia
Local time: 07:44
Grading comment
this is correct thank you mr. ekoputra
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
4 +6understanding and accepting
David Russi
4participation, investment (not necessarily financial, particularly in this case)
Ioanna Karamanou
4support (at least morally)
ErichEko ⟹⭐


Discussion entries: 3





  

Answers


3 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +6
understanding and accepting


Explanation:
One example of a definition:

The process whereby stakeholders, eg end-users as well as executives, come to see the goals of an organizational or change effort as their own; a key component in achieving change successfully.
www.georgetown.edu/uis/ia/dw/GLOSSARY0816.html

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Note added at 43 mins (2006-09-22 22:45:21 GMT)
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They come to share the goals of the corporation as though they were theirs, not just the corporation's.

David Russi
United States
Local time: 18:44
Native speaker of: Native in EnglishEnglish, Native in SpanishSpanish
PRO pts in category: 4
Notes to answerer
Asker: what does the phrase "come to see the goals ... are as their own" mean?


Peer comments on this answer (and responses from the answerer)
agree  Can Altinbay: Acceptance and commitment
4 mins
  -> Thanks!
agree  niczav: Completely right, I had to quickly hide my incorrect response when I saw your!
9 mins
  -> Thanks!
agree  Dave Calderhead: and with Can
34 mins
  -> Thanks!
agree  Joe L
8 hrs
  -> Thanks!
agree  Alison Jenner
15 hrs
  -> Thanks!
agree  Robert Fox
23 hrs
  -> Thanks!
Login to enter a peer comment (or grade)

2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
participation, investment (not necessarily financial, particularly in this case)


Explanation:
Sort of along the lines of the quote above re "come to see the goals of an organizational or change effort as their own" they commit themselves to the project, by way of providing analysis or some other form of participation. Just as in the financial sense, it's an investment.

Ioanna Karamanou
United States
Local time: 20:44
Works in field
Native speaker of: Native in EnglishEnglish, Native in GreekGreek
PRO pts in category: 8
Login to enter a peer comment (or grade)

8 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
support (at least morally)


Explanation:
The smallest form of a buy-in is moral support, that is, you wont get resistance/criticism and will be allowed to continue with your initiatives. Biggest buy-in takes the form of financial/logistics and advocacy, i.e., these people will campaign for the project to be launched.

ErichEko ⟹⭐
Indonesia
Local time: 07:44
Specializes in field
Native speaker of: Native in IndonesianIndonesian
PRO pts in category: 15
Grading comment
this is correct thank you mr. ekoputra
Login to enter a peer comment (or grade)



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