Key Difference – Six Sigma vs Lean Six Sigma The key difference between Six Sigma and Lean Six Sigma is that Six Sigma is a method in management that provides organizations with necessary tools to improve the competence of business processes whereas Lean Six Sigma is a management philosophy that amalgamates lean concepts with […]
Difference Between Passive and Non-passive Income
Key Difference – Passive vs Non-passive Income The key difference between passive and non-passive income is that passive income refers to the income resulting from rental activity or any other business activity in which the investor does not materially participate whereas non-passive income consists of any type of active income, such as wages, business income or […]
Difference Between Trend Analysis and Comparative Analysis
Key Difference – Trend Analysis vs Comparative Analysis Trend and comparative analysis are two main types of analysis methods used to study the performance of the current financial year and plan the upcoming financial year’s budget using financial statements. The key difference between trend analysis and comparative analysis is that trend analysis is a […]
Difference Between Insourcing and Outsourcing
Key Difference – Insourcing vs Outsourcing The key difference between insourcing and outsourcing is that insourcing is assigning a task or a project to a party within the company instead of hiring an outside company whereas outsourcing is the practice of contracting out a task or a project to a third party company. These […]
Difference Between Dashboard and Scorecard
Key Difference – Dashboard vs Scorecard The key difference between dashboard and scoreboard is that dashboard refers to a data visualization tool that consolidates and displays various financial indicators of the business including metrics and numbers on a single screen whereas scorecard is a performance management tool that compares strategic objectives with results obtained. […]
Difference Between Horizontal and Vertical Analysis
Key Difference – Horizontal vs Vertical Analysis Financial statements such as the income statement, balance sheet, and cash flow statement are important statements that should be studied extensively in order to arrive at conclusions regarding the performance of the current financial year as well as to assist planning the upcoming financial year’s budget. Horizontal […]
Difference Between Profit Center and Investment Center
Key Difference – Profit Center vs Investment Center The key difference between a profit center and investment center is that a profit center is a division or a branch of a company which is considered to be a standalone entity that is responsible for making revenue and cost related decisions whereas an investment center […]
Difference Between Dividend Growth and Dividend Mutual Fund
Key Difference – Dividend Growth vs Dividend Mutual Fund The key difference between dividend growth and dividend mutual fund is that dividend growth rate is the annual percentage growth rate that a particular stock’s dividend undergoes over a period of time whereas dividend mutual funds are stock mutual funds that invest in companies that […]
Difference Between ETF and Managed Fund
Key Difference – ETF vs Managed Fund The key difference between ETF and managed fund is that ETF is an investment fund usually designed to track an index, a commodity or bonds where the value of the fund depends on the underlying investment whereas, in a managed fund, investors who share similar investment goals […]
Difference Between Project Management and Functional Management
Key Difference – Project Management vs Functional Management The key difference between project management and functional management is that project management is the process of initiating, planning, executing, controlling, and closing the work of a project to achieve a specific objective whereas functional management is managing the routing activities in the organization relating to […]
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