Difference Between Business Plan and Marketing Plan

Business Plan vs Marketing Plan

Business Plan vs Marketing Plan   Business plan and marketing plan are two common types of plans and the difference between them are clearly specified in commerce and management disciplines. As the terms imply, business plans cover all the areas of a business while marketing plans covers only the marketing aspect of a business. Business plans […]

Difference Between Metrics and KPIs

Difference Between Metrics and KPIs

Metrics vs KPIs   Since Metrics and KPI are used interchangeably to refer to the same in some contexts such as in performance management systems people do not appreciate the difference between Key Performance Indicators (KPIs) and Metrics. A metric refers to a value that is coming up in some form. For example, net sales values, […]

Difference Between Social Enterprise and Social Entrepreneurship

Social Enterprise vs Social Entrepreneurship

Social Enterprise vs Social Entrepreneurship   The difference between social enterprise and social entrepreneurship is highlighted by the term of ‘being entrepreneurial.’ The notion of being entrepreneurial means capturing entrepreneurial opportunities in business initiatives as Shane & Venkataraman (2000) suggested. Also, being entrepreneurial captures the dimensions of risk-taking behaviors, innovativeness, and proactive behaviors. Provided that, […]

Difference Between Verbal and Written Warning

Verbal vs Written Warning

Verbal vs Written Warning   The difference between verbal warning and written warning might seem relatively clear-cut at first sight. Verbal warning and written warning, particularly in a legal context, represent the stages in a formal disciplinary and/or corrective action. For those of us who are not familiar with the terms, verbal warning and written […]

Difference Between Transparency and Accountability

Difference Between Transparency and Accountability

Transparency vs Accountability   Even though the terms Transparency and Accountability often go together, there is a difference between these two words. Both terms are used in a wide variety of settings such as in businesses, governance, and media. Transparency refers to conducting activities or performing actions in an open and clear manner. On the […]

Difference Between Bilateral and Multilateral Trade Agreements

Bilateral vs Multilateral Trade Agreements

Bilateral vs Multilateral Trade Agreements   Bilateral and Multilateral Trade Agreements are not uncommon terms, and that makes it easier to determine the difference between them. Indeed, although most of us might not be aware of their precise definition, we have a general idea as to their meaning. In simple terms, Bilateral refers to something […]

Difference Between Umbrella Company and Limited Company

Difference Between Umbrella Company and Limited Company

Umbrella Company vs Limited Company   Identifying the difference between umbrella company and limited company might appear to be somewhat difficult without knowing about both types of companies. In fact, most of us might not even have heard of the terms. Particularly, the term Umbrella Company can be new to most of us. Therefore, a […]

Difference Between Planned Economy and Market Economy

Planned Economy vs Market Economy

Planned Economy vs Market Economy   Though the aim of both planned economy and market economy are similar, the way the economic activities takes place in the economy contributes to the difference between them. Market economy and planned economy are two economic models that have the aim of making high productivity. Planned economy, as denoted by […]

Difference Between Compensation and Remuneration

Difference Between Compensation and Remuneration

Compensation vs Remuneration   Finding the difference between Compensation and Remuneration is indeed a tough one. The two terms have been used interchangeably or defined the same way countless number of times that it is difficult to draw a distinction. However, a common mistake is to think of Compensation as having the same meaning as Remuneration. […]

Difference Between Public and Private Administration

Public vs Private Administration

Public vs Private Administration   One difference between public and private administration that everyone knows is the profit. They also differ in their nature and the way they are governed. However, the terms public and private administration might appear somewhat technical for some. Indeed, they are not terms used in day-to-day conversation and one hears […]