Often people get confused between project management and change management. They both have a significant role in meeting organizational goals but they are entirely different disciplines. Understanding the differences between project and change management and how they work in harmony to manage projects is crucial to the success of any organization.What is Project Management?Project management is the application of skills, knowledge, techniques and tools to fulfill a project’s … [Read more...] about Change Management VS Project Management
Differences
Difference between Grant and Donation
Every country in the world has needy or poor people. In some countries, the poverty ratio is high or in some, it’s less. There are foundations in such countries that deal with poverty. These foundations donate some money or gifts to poor people. Other than that, the Govt announces scholarships for needy students. Some rich and kind-hearted people help the needy people by giving those gifts or some money.In the above paragraph, I have used two specific words. One is “donation” and the second … [Read more...] about Difference between Grant and Donation
Difference between Grant and Loan
Are you looking for a suitable financing option for your business or personal matters? Loan and grants are two possible solutions to your problem. But before you select one, it is essential to understand what both are, and what’s the difference between grant and loan to make the right choice for your situation.This article briefly describes the terms Grant and Loan and elaborates on the differences between loans and grants.What is Grant?When one party provides funds (in the form of … [Read more...] about Difference between Grant and Loan
Difference between Secured and Unsecured Loan
Its early morning, and you're in a hurry to get to work on time. Unexpectedly, your car has begun to make a terrible churning noise. You struggle to get it to the repair shop, but the repairing cost turns out to be thousands of dollars, and you don't have that much cash in the account. What would you do? Taking out a loan may be a wise way to pay for an immediate emergency or fund a big purchase.Similarly, if you're trying to increase your company's funding, you'll probably get quotes on … [Read more...] about Difference between Secured and Unsecured Loan
16 Major Difference between Public and Private Finance
The term “finance” is associated with revenue and expenditure. Public finance is a branch of Economics which deals with the government’s revenue and expenditures of an economy. If it is related to the private sector, it is called private finance.Finance includes those means by which we make various types of payment. It may be defined as the provision of money at the time of need. In other words, it is the arrangement of money sources and the acquisition of funds for the satisfactory conduct … [Read more...] about 16 Major Difference between Public and Private Finance
Differences between Cartel & Trust Form of Business
CARTELTRUSTIt can be formed easilyThe formation of the trust is a complicated matter Cartel is a horizontal type of combinationIts type is vertical. In the cartel, member firms possess separate entity and are free in their internal affairsIn the trust, central body is considered policy maker and the member firms are bound to execute the policy. Generally the members are not free in internal affairsAs distribution activities are performed collectively by its members, it can secure economies … [Read more...] about Differences between Cartel & Trust Form of Business
Business Combination
Business combination is formed when two or more business undertaking units combine to carry on business together for achieving the economic benefits.It is also originated when a number of different business concerns of same line combine together under one management with a view to achieve some definite objects of mutual benefits.At present we find a general tendency to form cartel, trust, holding company, pool and amalgamation etc at home or abroad for the object of increasing capital … [Read more...] about Business Combination
Pepsi and Coca Cola Market in Pakistan
For every company, competitors are considered to be the main sources of threat. Competitors are having a great influence on the strategies of the company. So, coke always tries its best to continuously improve its strategies and planning procedures. The direct competitor of coke is Pepsi, while its indirect competitors include Nestle mineral water, juices energy drinks, and milk.Basis of CompetitionThe main basis of competition between Coke and Pepsi is price and promotional activities. … [Read more...] about Pepsi and Coca Cola Market in Pakistan
What is Coca Cola Differentiation Strategy?
Coke differentiation strategy is for development of product (soft drinks) and services (delivery) to offers unique feature & attributes.Value Addition in features helps a company to offer a special price for it. Like when you buy mineral water is cost you less but when you buy vitamin water, its price is little high. This higher price is to Cover Company’s cost that usually doesn’t cover from routine priced products.Customers surely pay when they don’t have any alternative for you. … [Read more...] about What is Coca Cola Differentiation Strategy?
Difference between Selling and Salesmanship
If you ask Difference between Salesmanship and Selling, most of them will be unable to distinguish and answer. Salesmanship & Selling in general are considered the same thing. People say Salesmanship is selling but actually they are totally different in Business terminology.Difference between Salesmanship and Selling in Broader PerspectiveSALESMANSHIPSELLINGRefers to convincing CustomerRefers to transferring the ownershipIt is an Art or TechniqueIt is an ActIt's Primary … [Read more...] about Difference between Selling and Salesmanship
15 Key Difference Between Sole Proprietorship and Partnership
Thinking to start a business having options of starting own business or getting partners for that? Might be thinking that is partnership better than a sole proprietorship or sole traders is better than a partnership.Here are 15 key variations between Sole Proprietorship and Partnership to help you to take the right decision considering your present conditions.Both Personal business & Partnership have few similarities as they can be started with and without partnership deed, can be … [Read more...] about 15 Key Difference Between Sole Proprietorship and Partnership