Drill Down: Explaining the Complex Business Jargon

Entering the job market can be a daunting experience. But understanding the jargon used by employers and businesses can help you to more clearly understand your job responsibilities and your place in the organization. The term “drill down” is a common term used in the business world that a new employee should be aware of.

Simply put, the phrase “drill down” is used to indicate delving into the details of an issue or problem. For example, if a company is considering launching a new product, the executive team may need to “drill down” into various details, such as cost, production, timeline, distribution, and marketing, before making a final decision. When you are given an assignment or project that requires you to “drill down,” it is your responsibility to thoroughly research all aspects of the issue and present a clear and comprehensive analysis.

As an example, if you are tasked with creating a strategy for increasing sales, you must drill down into the process by researching the target demographic, cost of goods sold, competitors, and trends in the industry. By drilling down into all aspects of the problem, you can gain a better understanding of the issue and create a comprehensive solution.

In short, when you hear the phrase “drill down” at work, it simply means to dive into the detail of an issue and to better understand the complexities. When you conduct a thorough analysis, you help the business to uncover insights and evaluate potential solutions.