Strategy Formulation and Strategy Implementation are the two most important phases of strategic management process. Strategy Formulation means crafting a combination of strategies and picking out the best one to achieve the organizational goals and objectives and thereby reaching the vision of the organization. It involves a number of steps which are performed in chronological order. On the other hand, Strategy Implementation refers to the execution of the opted strategy, i.e. it converts the … [Read more...]
Difference Between CV and Resume
Curriculum Vitae (CV) outlines the academic qualifications, researches, and other relevant details about a person, to represent him in front of employers. A Resume is to the point document, which underlines a person's qualification for a specific job. When it comes to length, a CV is much larger than a resume. Whenever a person applies for a job, he/she has to make a document which introduces him/her. Which one is suitable a CV or a Resume? It is going to be very difficult to choose one of … [Read more...]
Difference Between Developed Countries and Developing Countries
Countries are divided into two major categories by the United Nations, which are developed countries and developing countries. The classification of countries is based on the economic status such as GDP, GNP, per capita income, industrialization, the standard of living, etc. Developed Countries refers to the soverign state, whose economy has highly progressed and possesses great technological infrastructure, as compared to other nations. The countries with low industrialization and low human … [Read more...]
Difference Between Privacy and Confidentiality
Every person wants some personal space in his/her life, because, one cannot share each and everything with others. In fact no one wants to talk about what's going on in their personal life. Hence, a certain degree of privacy is every person's need. Privacy is a state when a person is free from public interference while if we talk about Confidentiality, it speaks about a situation when important information is kept the secret between two individuals until the person to whom the information … [Read more...]
Difference Between Customer and Consumer
Do you know the fact that we all are consumers in some way or the other, no matter what our age, gender, race, caste, community is. The consumer is the one who consumes the goods, i.e. the user of the goods. It is commonly misconstrued with the term customer, which refers to a person who buys the goods or commodity and pays the price for it. Each and every marketing activity is directed towards influencing the behavior of customers, i.e. to induce them in such a way that they take an action … [Read more...]
Difference Between Indian Culture and Western Culture
One of the most debated topics in competitions and group discussions is Indian Culture Vs Western Culture. They are diametrically opposite to each other. As a coin has two sides, both cultures all have some merits and demerits. Indian culture is a mix of diversities in customs, rituals, traditions, language, etc., that varies from region to region within the country. It is one of the oldest and a combination of various cultures. On the other hand, Western culture, it is quite advanced and … [Read more...]
Difference Between B2B and B2C
Marketing involves a broad spectrum of activities, whose ultimate goal is sales. B2B and B2C are the two business marketing models where sales are the end-result, but, this doesn't make the two business models alike. B2B is an acronym for Business to Business, as the name signifies, it is a type of commercial transaction where the purchasing and selling of merchandise are performed between two business houses, such as entity supplying material to another for production, or entity providing … [Read more...]
Difference Between WhatsApp and Facebook
WhatsApp is an application, specially created for smartphones, which allows its users to perform fast messaging. Now, if we talk about Facebook, it is quite different, it allows its users to share and post their personal moments, feelings and emotions with their friends at the same time along with messaging. In olden times when there are no means of communication, people either used to travel a million miles just to inform about a small thing or they have to send letters to their friends and … [Read more...]
Difference Between Award and Reward
Award and Reward sound same but their meanings are quite different. Although, both are valuable for any person as they give a sense of satisfaction and respect, in return for their work. An Award is conferred in front of the mass public for excellence, but Reward may or may not be given in public, it is a kind of compensation given to a person for their good work. An award can be understood as the prize or any other equivalent mark of recognition, endowed to honor an achievement. On the other … [Read more...]
Difference Between College and University
Students are quite confused while they complete their schooling and want to take admission for higher education. This question arises scores of times in the mind of every student, What is the difference between college and university? College is an educational institution where students are offered degree and diploma courses for further studies. The University is not much different, but it has a wider scope than a college. It is a hub of high-level education which confers research programs along … [Read more...]
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