Key Difference – Career Planning vs Succession Planning The key difference between career planning and succession planning is that career planning is an ongoing process where an employee explores his or her interests and capabilities and purposefully plan career goals whereas succession planning is the process by which an organization identify and develop new employees […]
Difference Between Recruitment and Hiring
Key Difference – Recruitment vs Hiring Recruitment and hiring are two very important aspects of human resource management considering potential employees for current job roles. The difference between these two terms are unknown to many; thus, should be properly distinguished. The key difference between recruitment and hiring is that recruitment is the process of searching […]
Difference Between Unity of Command and Unity of Direction
Key Difference – Unity of Command vs Unity of Direction Unity of command and unity of direction are two important aspects to consider in an organizational hierarchy. The key difference between unity of command and unity of direction is that unity of command states that each employee is accountable to one supervisor or manager from […]
Difference Between Teamwork and Collaboration
Key Difference – Teamwork vs Collaboration Teamwork and collaboration are two terms that are often considered as the same. In fact, both are very similar in nature and cooperatively work towards achieving a common objective. The key difference between teamwork and collaboration is that in teamwork, a group of people perform their individual roles […]
Difference Between Chain of Command and Span of Control
Key Difference – Chain of Command vs Span of Control Chain of command and span of control are two important aspects in an organization related to organizational hierarchy. Both terms may be confused as one and used interchangeably due to their similarities in objective, which is to ensure that human capital within the organization […]
Difference Between Tall and Flat Structure
Key Difference – Tall vs Flat Structure The key difference between tall and flat structure is that tall structure is an organizational structure with many levels of hierarchy whereas flat structure is an organizational structure with a limited number of levels of hierarchy. Organizational structure should be carefully chosen in order to ensure effective […]
Difference Between Line Authority and Staff Authority
Key Difference – Line Authority vs Staff Authority The key difference between line authority and staff authority is that line authority reflects superior-subordinate relationships characterized by the power of decision making whereas staff authority refers to the right to advice on improving the effectiveness for line employees in performing their duties. Authority is related […]
Difference Between Inventory Control and Inventory Management
Key Difference – Inventory Control vs Inventory Management The key difference between inventory control and inventory management is that inventory control is a method of regulating the inventory level in the company warehouse whereas inventory management refers to the activity of forecasting and replenishing inventory which is focused on when to order the inventory, […]
Difference Between Internal Check and Internal Control
Key Difference – Internal Check vs Internal Control Internal check and internal control are two frequently used terms in risk management which are often used interchangeably. However, subtle differences exist between the two since internal control is a broader concept compared to internal check. The key difference between internal check and internal control is […]
Difference Between Cycle Count and Physical Inventory
Key Difference – Cycle Count vs Physical Inventory Inventory represent a significant portion of current assets and they should be managed effectively. Generally Accepted Accounting Principles (GAAP) and Internal Revenue Service (IRS) rules mandate companies to count complete inventory level on an annual basis or implement a perpetual counting system. The key difference between cycle […]
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