Difference Between Boss and Leader

Difference Between Boss and Leader

Boss vs Leader   Key Difference: Leader leads, listens, teaches, and learns while Boss commands, orders, and ignores Although both these terms, boss and leader, look alike, there are differences between a boss and a leader, in the modern business environment. A leader and a boss have two different characteristics. A leader can be a […]

Difference Between Staffing and Recruiting

Difference Between Staffing and Recruiting

Staffing vs Recruiting   Staffing and recruiting are two extremely important functions of any human resources department. Having the right people in right numbers at the right places is a key performance driver for the organizational effectiveness. Though the functions of staffing and recruiting coincide and thus create a confusion, there is a difference between […]

Difference Between Appendix and Attachment

appendix

Appendix vs Attachment   Whether you are thinking of writing a report, document, a thesis or even compiling a book, you must know what the words attachment and appendix refer to as the two terms are widely used and could be extensively confusing, interchangeable and troublesome. There is a striking resemblance between what the two […]

Difference Between TQM and TQC

Difference Between TQM and TQC

TQM vs TQC   Quality can be considered as an important concept to every organization. It can be expressed as a measurement which is used to estimate the standard of a particular product or service. In 1950, Father of quality management Doctor Edward Deming defined quality as something which fits for the purpose. Both TQM […]

Difference Between Transformational and Situational Leadership

Difference Between Transformational and Situational Leadership

Transformational vs Situational Leadership   There are several forms of leadership styles followed in organizations and  transformational leadership and situational leadership are two of those leadership styles. This article explains what these two leadership styles are, and the difference between transformational and situational leadership. What is Transformational Leadership? James MacGregor Burns introduced the concept of […]

Difference Between IFRS and AASB

Difference Between IFRS and AASB

IFRS vs AASB   An accounting standard can be defined as a set of rules and procedures that need to be followed in preparing financial statements at the end of a financial year. This article evaluates the purposes and the importance of AASB accounting body and IFRS standards that are linked with the international accounting […]

Difference Between Sunk Cost and Opportunity Cost

Difference Between Sunk Cost and Opportunity Cost

Sunk Cost vs Opportunity Cost   In cost accounting, there are specific costs related to planning and decision making of business activities. In this article,the definitions of sunk cost and opportunity cost, methods of calculating sunk cost and opportunity cost, the purpose of sunk cost and opportunity cost calculations, and finally, the difference between sunk cost […]