The key difference between positional power and personal power is that positional power is achieved by organizational hierarchy, whereas personal power is achieved by the recognition by the followers. Power can influence and control other people or change an outcome. Although it is invisible, it is the ability to control and direct activities of people. […]
Difference Between Interpersonal and Intrapersonal Conflict
The key difference between Interpersonal and Intrapersonal conflict is that interpersonal conflict is a disagreement between two people, whereas intrapersonal conflict is a disagreement within an individual. Conflict is a part of human behaviour, and it is common in our day to day lives. Emotions such as anxiety, aggression, depression and resistance as well as […]
Difference Between Proactive and Reactive Purchasing
The key difference between proactive and reactive purchasing is that proactive purchasing is a planned activity that considers buying a product or service before a customer places purchase orders whereas reactive purchasing is not a pre-planned activity as it considers buying after a spontaneous need. In today’s highly competitive global market place, both proactive and […]
Difference Between Agency Theory and Stewardship Theory
The key difference between agency theory and stewardship theory is that agency theory is an economic model which describes the relationship between principal and agent, whereas stewardship theory is a human model which describes the relationship between principal and steward. Both agency theory and stewardship theory are corporate governance principals in the modern business world. […]
Difference Between Traditional Approach and Modern Approach on Conflict
The key difference between traditional approach and modern approach on conflict is that the traditional approach of conflict considers conflicts as avoidable, whereas the modern approach of conflict considers conflicts as inevitable. Conflict management is one of the key concerns in HR principles. It is the practice of being able to identify and resolve conflicts […]
Difference Between Organizational Development and Organizational Transformation
The key difference between organizational development and organizational transformation is that organizational development is a systematic approach for the betterment of the organization by analyzing past experience, current situation and future objectives, whereas organizational transformation is a rigid and rapid approach to stabilize or improve the organization by analyzing the current business situation. Change is […]
Difference Between Market Segmentation and Target Market
The key difference between market segmentation and target market is that the market segmentation refers to the identification of specific consumer groups for the product, whereas the target market refers to the potential customers for the particular product or service. Both market segmentation and target market are very important steps in the marketing process. Although they […]
Difference Between Psychographic and Behavioral Segmentation
The key difference between psychographic and behavioral segmentation is that psychographic segmentation focuses on customer’s personality trait, values and attitudes, whereas behavioral segmentation focuses on activities of the customer. Market segmentation is one of the key aspects of the marketing strategy. To define the target audience, marketers conduct market segmentation. Demographic, psychographic, behavioral and geographic […]
Difference Between Internal and External Business Environment
The key difference between internal and external business environment is that internal environment is specific and has a direct impact on the business, whereas external environment has an impact on all business groups, not just one particular business. Analysis of internal and external environment is very important for the success of a business. Moreover, the […]
Difference Between Formal and Informal Organization
The key difference between formal and informal organization is that formal organizations are formed to achieve a common goal with official relationships between members, whereas informal organizations are formed within formal organizations based on interpersonal relationships between members of the organization. Both formal and informal organization concepts are inter-related. It is because there are many […]
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