Guffipedia
Lucy Kellaway’s dictionary of business jargon and corporate nonsense
Value leakage
Translation into plain English Wasted money
Perpetrator KPMG
Usage example “When the business and operational environment is complex there is a greater need for robust governance, as without it there is increased risk of shared service and vendor partnership value leakage.”
Lucy’s commentary At last we have a much needed antonym to the ubiquitous term “to add value”. In true life value gets subtracted at least as often as it gets added, but no one ever talks about it. Finally here is a way of describing this everyday occurrence in a way that sounds suitably unpleasant.
