Find out the meaning of a new business word: Wombat
What it means: An Australian marsupial but in the corporate world refers to
projects that are a drain on resources without yielding the desired
results.
WOMBAT
What it means: Wombat is an Australian marsupial but in the corporate world refers to projects that are a drain on resources without yielding the desired results.
Origin: It was originally an acronym for "waste of money, brains and time". The word became popular in the US and the UK in the early 2000s.
Usage: Many social welfare schemes of the government are a wombat
What it means: Wombat is an Australian marsupial but in the corporate world refers to projects that are a drain on resources without yielding the desired results.
Usage: Many social welfare schemes of the government are a wombat
