Get buy-in
Meaning
To gain agreement, approval, or support from others for a plan, idea, or project.
Origin
The phrase "buy-in" originated in the mid-20th century from the world of gambling, particularly card games like poker. When a player "buys in," they exchange cash for chips, thereby gaining entry and a financial stake in the game. This act signifies their commitment to participating and accepting the rules and risks involved. By the late 20th century, the term seamlessly transitioned from the card table to the corporate boardroom and political sphere. It shed its literal monetary meaning, evolving to describe the acquisition of metaphorical investment: securing a stakeholder's agreement, support, and psychological commitment to a plan or decision, just as a poker player invests chips to join the game. This concept quickly became essential in management, emphasizing the need for collective agreement to ensure success and prevent future resistance.
Examples
- The project manager worked hard to get buy-in from all department heads before launching the new initiative.
- It's crucial to get buy-in from the team early on to ensure smooth implementation of the new policy.