Business Continuity Planning (BCP) vs Disaster Recovery (DR) Business Continuity Planning (BCP) and Disaster Recovery (DR) are programs done by different organizations and business to ensure that their operations will not be affected in case of devastating events may occur in their area. These two programs are now becoming essentials for businesses and large corporations. […]
Difference Between TM and Registered Trademark
TM vs Registered Trademark TM and registered trademark are familiar symbols you may have noticed on some products. They are used by companies to signify that certain products are theirs or are uniquely provided by them. They do, however, have some differences, legal differences mostly. TM or trademark is denoted by the symbol ™. It […]
Difference Between Group and Team
Group vs Team Group and Team may seem to sound similar but the term group and team are very different from each other. Though they may often be used interchangeably but it is important that we can distinguish one from the other so as to accurately provide the proper definition. Group A group is usually […]
Difference Between Joint Venture and Strategic Alliance
Joint Venture vs Strategic Alliance Joint venture and Strategic Alliance differ from each other financially and legally too. There is difference between them in their definitions too. A joint venture is indeed a contractual agreement between two or more companies that come together in business in terms of the performance of a business task. A […]
Difference Between Joint Venture and Partnership
Joint Venture vs Partnership Joint Venture and Partnership are normally considered one and the same but strictly speaking there is a lot of difference between the two. Two or more companies join together to get into business in the case of a joint venture. On the other hand two or more individuals join together to […]
Difference Between eBay and Amazon
eBay vs Amazon eBay and Amazon are two popular websites that are widely known as online shopping centers. One of the main differences between eBay and Amazon is that eBay is an online auction website whereas Amazon is an online store. It is true that both the sites are known to sell all kinds of […]
Difference Between Business Ethics and Social Responsibility
Business Ethics vs Social Responsibility Business ethics and social responsibility are commonly used in everyday parlance almost interchangeably. While social responsibility is self explanatory, ethics is a word that puts one in a dilemma. Social responsibility looks clearly defined and demarcated. Companies have a policy of social responsibility known as corporate social responsibility whereby they […]
Difference Between Decision Making and Problem Solving
Decision Making vs Problem Solving Decision Making and Problem Solving are two key management functions. It is customary to see the managers of companies to get involved in decision making and problem solving. Problem solving involves defining the problem. The problem is defined by asking a few questions such as ‘what causes you to think […]
Difference Between Marketing and Public Relations
Marketing vs Public Relations Marketing and Public Relations are both promotional tools used by companies to have a larger customer base and to improve upon sales. Many people tend to think they know what marketing and public relations stand for, but become confused when asked to explain. It is true that both are used for […]
Difference Between Shareholders and Stakeholders
Shareholders vs Stakeholders Shareholders and Stakeholders are people who have some interest in the company in which they have either financial or non financial stake. But to differentiate between shareholders and stakeholders, we have to understand the meanings of two words. As the name implies, shareholders are people who have some shares or stock of […]