The key difference between guidelines and rules is that guidelines are recommendations that guide for best practices and behaviors, whereas rules are lawful and permanent guidelines that one must follow according to organizational or institutional policies. Both guidelines and rules provide instructions for a particular behavior or on performing a task. Although both guidelines and […]
What is the Difference Between EPF and ETF
The key difference between EPF and ETF is that EPF is a retirement benefits scheme for employees that is maintained by the Employee’s Trust Fund Organization, whereas ETF is a long-term investment plan that is established by the employer for the benefit of employees. Both Employee Provident Fund and Employee’s Trust Fund are governed by […]
What is the Difference Between Relieving Letter and Experience Letter
The key difference between relieving letter and experience letter is that a relieving letter is issued when an employee is leaving employment after handing over his resignation letter, whereas an experience letter is issued anytime before, during, or after the resignation of an employee. Obtaining relieving letters and experience letters are the right of an […]
Difference Between Entrepreneur and Intrapreneur
The key difference between entrepreneur and intrapreneur is that an entrepreneur is a person who designs, launches, and manages a new business and that almost always starts as a small business, whereas an intrapreneur is an employee already working in a company. Both entrepreneurs and intrapreneurs have to master adaptability, intelligence and leadership to be […]
Difference Between Job Involvement and Organizational Commitment
The key difference between job involvement and organizational commitment is that job involvement focuses on an individual’s emotions towards his profession, whereas organizational commitment focuses on the relationship between an individual and an organization. Organizational commitment and job involvement are closely-related HR principles. Basically, these two concepts are crucial in employee motivation and employee retention […]
Difference Between Virtual and Traditional Teams
The key difference between virtual and traditional teams is that a virtual team is separated by a physical distance, whereas a traditional team works in physical proximity. In general, a team is a group of people who work for a predefined task to achieve common objectives and targets. Traditional team or intact team is the […]
Difference Between Intergroup and Intragroup Conflict
The key difference between intergroup and intragroup conflict is that intergroup conflict refers to a dispute between two or more groups, whereas intragroup conflict refers to a dispute between members of one group. Conflicts occur in different scenarios between individuals and group of people. Basically, this is due to opposing ideas and actions of different […]
Difference Between Absolute Cost Advantage and Comparative Cost Advantage
The key difference between absolute cost advantage and comparative cost advantage is that absolute cost advantage focuses on manufacturing a product at the lowest cost to gain competitive advantage whereas comparative cost advantage focuses on manufacturing a particular product at a lower opportunity cost to ensure relative productivity than other businesses. Absolute cost advantage and […]
Difference Between IMC and Promotional Mix
The key difference between IMC and promotional mix is that IMC refers to conveying the brand message to create a positive and strong impression on customers while promotional mix refers to the blend of marketing elements to promote business. IMC and promotional mix are very important concepts in marketing. Both concepts will help business organizations […]
Difference Between Affirmative Action and Equal Employment Opportunity
The key difference between affirmative action and equal employment opportunity is that affirmative action focuses on actively supporting those who’ve been consistently deprived of fair and equal treatment whereas equal employment opportunity focuses on giving everyone the same opportunity to succeed. Affirmative action and equal employment opportunity are two concepts we encounter in HR, Administration […]