Difference Between Corporate Strategy and Business Strategy

Difference Between Corporate Strategy and Business Strategy

Corporate Strategy vs Business Strategy   Difference between corporate strategy and business strategy is that the corporate strategy is concerned with the overall purpose of the organization while business strategy is concerned about a particular business unit and the way it should be planned to be more competitive in the market. These are the levels […]

Difference Between Balance Sheet and Statement of Financial Position

Difference Between Balance Sheet and Statement of Financial Position

Balance Sheet vs Statement of Financial Position   The balance sheet and statement of financial position are confused by many to be the same thing, but there are, however, a number of differences between balance sheet and statement of financial position. Both, balance sheet and statement of financial position, are financial statements that offer an […]

Difference Between NOPAT and Net Income

Difference Between NOPAT and Net Income

NOPAT vs Net Income   A clear understanding on the difference between NOPAT and net income is needed if you are to analyze the financial statements, especially the income statements, to study the performance of a business. The main aim of running a business is making a profit. In order to make a profit, the […]

Difference Between Cash Flow Statement and Cash Flow Projection

Difference Between Cash Flow Statement and Cash Flow Projection

Cash Flow Statement vs Cash Flow Projection   Those who are learning to understand different financial statements, must learn to understand the difference between cash flow statement and cash flow projection too as they provide two different views of the financial health of an organization. Businesses prepare a number of financial statements including income statements, […]

Difference Between Buyer’s Market and Seller’s Market

Difference Between Buyer's Market and Seller's Market

Buyer’s Market vs Seller’s Market   As buyer’s markets and seller’s markets are terms that we often hear when referring to the real estate market, knowing the difference between buyer’s market and seller’s market is nothing but helpful. Markets undergo business cycles in which conditions such as interest rate fluctuations, inflation, economic growth, employment, etc. […]

Difference Between Organizational Culture and Climate

Difference Between Organizational Culture and Climate

Organizational Culture vs Climate   Difference between organizational culture and organizational climate is that the culture is about the norms, values and behaviour adopted by the employees within the organization while the climate is about the atmosphere of the organization that is created based on the culture. Organizational culture and climate differ from one organization to another. This […]

Difference Between Industrial Relations and Human Resource Management

Difference Between Industrial Relations and Human Resource Management

Industrial Relations vs Human Resource Management   Difference between industrial relations and human resource management is that industrial relations is about establishing relationships among the stakeholders while human resource management is about managing the human resource in an organization. This article analyses these two concepts and the difference between industrial relations and human resource management […]

Difference Between Benchmark and Baseline

Difference Between Benchmark and Baseline

Benchmark vs Baseline   Difference between benchmark and baseline is that benchmark is comparing the performance of a company with the best practices in the industry; baseline is setting up a framework before any project starts, that can be used as a basis for implementation. Both these techniques are performance measuring tools. This article analyses these two […]