Difference Between Marketspace and Marketplace

Difference Between Marketspace and Marketplace

Key Difference – Marketspace vs Marketplace   In the present information age, mode of value creation is one of the important criteria, and this value creation becomes the basic aspect of the difference between marketspace and marketplace. For an exchange or transaction to occur between a buyer and a seller, information availability and access to […]

Difference Between Peer Pressure and Peer Influence

Difference Between Peer Pressure and Peer Influence

Key Difference – Peer Pressure vs Peer Influence   Though both terms, peer pressure and peer influence, look similar at a glance there is a difference between them. In a workplace, a peer is someone at a similar level such as same grade, same gender, status, etc. Positive peer interactions and relationships help organizations in […]

Difference Between Change and Development

Change vs Development

Key Difference – Change vs Development   In a rapidly changing competitive world, organizations cannot run a business successfully without adapting to changes that are taking place in the business environment. Organization change includes changing organizations’ structure, technology and process, and business model to gain competitive advantage. The key difference between change and development in the organizational […]

Difference Between Innovation and Entrepreneurship

Difference Between Innovation and Entrepreneurship

Key Difference – Innovation vs Entrepreneurship   Innovation and Entrepreneurship are two different terms having entirely different meanings. However, there is a relationship between innovation and entrepreneurship, which sometimes makes the confusion. The key difference between innovation and entrepreneurship is that the innovation means introducing something new. This can be an idea, product, model, or […]

Difference Between Mass Production and Mass Customization

Difference Between Mass Production and Mass Customization

Mass Production vs Mass Customization   The difference between mass production and mass customization stems from the concepts of production of product and customer needs. Technology has improved the production capability and product differentiation at organizations. Higher literacy rates, improvements in technology, and quick access to information (internet) have made customers also smarter. So, customer demands […]

Difference Between Social Inequality and Social Stratification

Difference Between Social Inequality and Social Stratification_Social Stratification

Social Inequality vs Social Stratification   Although the concepts of social inequality and social stratification sound similar, there exists a clear difference between these two concepts. However, it is also important to point out that these are two interrelated processes in any society. First let us define these two concepts. Social inequality is when the […]

Difference Between Digital Marketing and Traditional Marketing

Digital Marketing vs Traditional Marketing

Digital Marketing vs Traditional Marketing   The difference between digital marketing and traditional marketing are outcomes of technological and knowledge advances of the human race. Marketing in a broad scale that describes all the activities from the need identification till post purchase support. Though the concept of marketing remains the same in both terms, the […]

Difference Between Constructive and Destructive Conflict

Constructive vsDestructive Conflict

Constructive vs Destructive Conflict   The difference between constructive and destructive conflict is there in the outcome, mainly. A conflict is a serious disagreement between two parties. Within organizational settings, conflicts arise between employees, departments, and organizations themselves. This leads to a negative climate within the organization. Conflicts can arise due to task interdependence, status […]

Difference Between Direct Marketing and Direct Selling

Difference Between Direct Marketing and Direct Selling

Direct Marketing vs Direct Selling   The difference between direct marketing and direct selling is not obviously simple as both originate from a few core marketing beliefs. But, before embarking on the differences, let’s see some basics. Marketing has been evolving continuously, and this has given rise to various interconnected functions. Promotion and sales are […]

Difference Between Language and Communication Skills

Language vs Communication Skills

Language vs Communication Skills   Between the language and communication skills, there is a certain difference even though, the two skill sets go hand in hand. Language allows human communication through the structured use of words. In this sense, a language consists of a structured pattern. The proficiency that an individual has in language is vital […]