Project Management vs Operation Management Before we get to differences between project management and operations management, it is pertinent to brush up on our knowledge of projects and operations. It is a fact that all activities of an organization can be divided into projects and operations. Operations are ongoing, continuous and repetitive activities in any […]
Difference Between Policy and Legislation
Policy vs Legislation Policy and Legislation are two words that show some differences between them when it comes to their connotations. The word ‘policy’ is used to denote a set of rules that is designed to reach certain goals or objectives in the growth of a company or a firm. Policies are generally centered […]
Difference Between Policy and Protocol
Policy vs Protocol Policy and Protocol are two words that are often confused as one and the same as far as their meanings are concerned. Strictly speaking there are some differences between the two in terms of their usage. A policy is normally a set of rules that is designed to reach certain objectives on […]
Difference Between Purchase and Procurement
Purchase vs Procurement If you ask a layman the difference between purchase and procurement, he may laugh saying the two are same and even question your level of knowledge. But repeat the same question to someone who is a manager in the purchase section of a large organization and he may come up with a […]
Difference Between Corrective and Preventive Action
Corrective vs Preventive Action Quality control professionals in various organizations are many a times confused by the wording of two clauses used in ISO 9001 standard that talk about corrective and preventive action. The clause 8.5.2 on corrective actions says that the organization shall take action to eliminate the causes of non conformities in order […]
Difference Between Preventive and Predictive Maintenance
Preventive vs Predictive Maintenance Maintenance is a very common word that everybody thinks he knows about. You carry out regular servicing of your car or motorcycle to keep it running in top condition as you know that you may face problems without their maintenance. Similarly you get the air conditioning system of your home checked […]
Difference Between Production and Operation Management
Production vs Operation Management Production management and operations management are management jargon that needs to be simplified for those who are sitting on the fence or those inside an organization unable to comprehend them clearly. Sometimes it becomes confusing to be talking about production management inside operations management but they are separate and distinct entities […]
Difference Between Communication and Business Communication
Communication vs Business Communication There are a lot of differences between general communication (interpersonal) and business communication. These pertain to form, content, and also purpose. General communication has no rules except of course rules of etiquette and manners. However, there are rules of business communication as a lot is dependent upon effective communication in a […]
Difference Between ERD and DFD
ERD vs DFD ERD and DFD are data presentation models that help in identifying the flow of data as well as inputs and outputs. They are important as they enable effective communication between members of different departments in an organization. There are similarities in the two types of data presentation models although there are differences […]
Difference Between LBO and MBO
LBO vs MBO Though to someone outside the corporate world, terms like LBO and MBO may look like outlandish, these are commonly used words in business circles. While LBO refers to Leveraged Buyout, MBO is management Buyout. While there are many who feel that MBO is totally different from LBO, experts say that MBO is […]
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