We often take part in debates and group discussions, in our school, college and office, which is not just important in grooming oneself, but it also refines the thoughts of a person and helps in understanding different perspectives. People often get confused between these two, but a debate is a form of a contest, where one of the two sides wins. In a debate, all the participants of the team, get a fair opportunity to express their views on the particular topic and whichever side has stated … [Read more...]
Difference Between Summary and Conclusion
Conclusions are as difficult to write as an introduction, because, it decides whether the work is worth your time or not. Both of them have a long-lasting impact on the reader's mind. While an introduction moves from general to specific, conclusion moves from specific to general. A conclusion is an afterword which contains the gist of something, reached after considering all the important points. In the absence of conclusion, the research paper might seem incomplete. It is often contrasted … [Read more...]
Difference Between Explicit Knowledge and Tacit Knowledge
Knowledge refers to the facts, information, awareness and understanding gained by a person through experience, education or learning. It is broadly classified into two main categories - explicit knowledge and tacit knowledge. Explicit knowledge is the structured set of information which can be recognized, recorded, stored and shared. We all know that every person gains something from the surroundings, circumstances, incidents, patterns, observations, etc. This is what we call personal … [Read more...]
Difference Between Horizontal and Vertical Power Sharing
In horizontal power-sharing, no organ has unlimited or absolute powers, whereas, in the case of vertical power-sharing, the power of the central government is the highest and local government is lowest. Democracy is based on the notion that - the source of all political power is people, i.e. citizens of the country. An ideal democracy is one where due respect is given to all the groups and views which are prevalent in society. And that is why it is believed that political power should be … [Read more...]
Difference Between Reward and Incentive
A reward is a prize, which an employer gives to his/her employees for performing the job exceptionally. On the other hand, the incentive is a motivational factor, which constantly encourages the employee to do better in their work. Human Resource Management, uses a strategic approach to manage its workforce in an effective manner. To improve the level of performance, various system or programmes are implemented, such as reward and recognition, incentives and so forth. Hence, reward system, … [Read more...]
Difference Between Privatization and Disinvestment
Disinvestment is just the opposite of investment, i.e. it means pulling out the money invested in the company by selling the stake, either partially or fully. It is driven by the effective use of the resources, to earn the highest returns out of the money invested. On the contrary, Privatization is a transition of government-owned company, operation, unit or division to the privately-owned enterprise. It happens when more than 51% of the shareholding of the government is transferred to … [Read more...]
Difference Between Executive and Non-Executive Director
All the companies are managed and run by the company's top executives, i.e. the board of directors who are appointed by the shareholders at the general meeting to handle the affairs of the company on their behalf. The composition of the company's Board of Directors includes both Executive and Non-Executive Directors, wherein the Executive Directors have management responsibilities. Hence, the executive directors look after the routine operations. They represent the senior management staff of … [Read more...]
Difference Between Orientation and Onboarding
A warm and positive welcome of a newly joined employee is not just a good start for him/her, but it also ensures that they work for the company with energy, enthusiasm, loyalty and commitment for a long term. The company holds an orientation programme in order to inform the new joinee about the company's fundamental details about its mission, vision, objectives, policies, etc. On the contrary, in the case of onboarding, the employee gets to know about his/her role in the company and all other … [Read more...]
Difference Between Motivation and Morale
Morale refers to an internal feeling, which depends on the overall environment which surrounds the person. It is based on the attitude, satisfaction level and outlook of the person. On the contrary, motivation is the act of encouraging an individual to get the desired results. It is what keeps you moving. It is a critical element in establishing and achieving the objectives. The management of an organization should work on developing and maintaining an environment wherein the people … [Read more...]
Difference Between Features and Benefits
Features are nothing but the inbuilt properties of the product, whereas benefits are something which the customer wants to receive/get from the product. Whenever, a customer looks for buying a product say laptop, refrigerator, car, AC or mobile phone, he/she has end number of options. So making a choice is a bit difficult, but one can narrow down the list, based on the features and the benefits after deciding the amount he/she would like to spend. Features of the product define the product … [Read more...]
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