Baptism of Fire(redirected from Baptism by fire)
Also found in: Dictionary, Idioms, Encyclopedia, Wikipedia.
Baptism of Fire
Informal; a difficult situation a company or manager is experiencing for the first time. Baptism of fire is generally thought to result in the company or manager's success or failure. Examples include the hiring of a new CEO at a time when a company is facing bankruptcy, or the entrance of a firm's first major competitor into the market.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved