Main Difference – Customer Expectation vs Customer Perception The key difference between customer expectation and customer perception lies in the customer aspirations and mindset; Customer expectation is an assumption in deciding the purchase whereas customer perception is an interpretation of collective information after purchase. Both concepts are important in delivering a superior offering to the […]
Difference Between Product Marketing and Service Marketing
Key Difference – Product Marketing vs Service Marketing The key difference between product marketing and service marketing is that product marketing is concerned with tangible, storable, and measurable products whereas service marketing is concerned with services. However, the difference between product marketing and service marketing does not merely refer to the differences between the product […]
Difference Between Brand Equity and Brand Image
Key Difference – Brand Equity vs Brand Image The difference between brand equity and brand image lies in the broadness of each concept. Branding is a complex concept, and it is becoming an essential marketing scheme. In simple terms, a brand is considered to be a distinguishing symbol, logo, word, sentence, mark or a […]
Difference Between Charismatic and Transformational Leadership
Key Difference – Charismatic vs Transformational Leadership Charismatic leadership and Transformational leadership are two important classifications of leadership between which a key difference can be identified. When speaking of leadership as a whole, this has a deep history. Leadership creates an ambiance for both change and also resistance to change. When focusing on the two […]
Difference Between Brand Equity and Brand Value
Key Difference – Brand Equity vs Brand Value The difference between brand equity and brand value seems nonexistent at first sight. This is because most of the times, both are referred to the same ideologies. But, on a deeper level both have significant variation between them and have contrasting differences. Before delving into the differences, we […]
Difference Between Expectancy Theory and Equity Theory
Key Difference – Expectancy Theory and Equity Theory The difference between expectancy theory and equity theory needs substantial analysis as both explain how employees’ relationships evolve in a working environment. Motivation is the theoretical concept, which attempts to explain human behavior. Motivation provides reasons for people’s action, desires, and needs. This is a vast […]
Difference Between Marketing Mix and Product Mix
Key Difference – Marketing Mix vs Product Mix The difference between marketing mix and product mix is quite significant. To begin with, an organization essentially requires a product which needs to be sold to make a profit. A product may refer to a tangible element (product) or an intangible element (service). Marketing strategies are […]
Difference Between Proactive and Reactive Risk Management
Key Difference- Proactive vs Reactive Risk Management Before reading about the difference between proactive and reactive risk management, let us first look at what risk management is all about. Errors are common in any work environment. Such errors may occur due to human mistakes, unexpected accidents, natural disasters and third party decisions which affect the […]
Difference Between Corporate Strategy and Marketing Strategy
Key Difference – Corporate Strategy vs Marketing Strategy The difference between corporate strategy and marketing strategy has an element of confusion as both overlaps or coincide with each other partially. So, the comparison can be confusing. But, a thorough understanding of each term can clear this confusion. First of all, we should understand the […]
Difference Between Change and Innovation
Key Difference – Change vs Innovation The key difference between change and innovation is that change is the difference in a state of affairs related to different points of time whereas innovation is something original and new, being introduced to the world. It can be new ideas, new devices or new processes. Change is […]