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Training vs Development Training and development are closely interrelated terms that aim to help in achieving the objectives of the company while at the tame time increasing the efficiency and productivity of the employees. Though similar in a broader sense, there are many differences between training and development that will be highlighted in this article. […]
杠杆收购对MBO虽然企业外的人world, terms like LBO and MBO may look like outlandish, these are commonly used words in business circles. While LBO refers to Leveraged Buyout, MBO is management Buyout. While there are many who feel that MBO is totally different from LBO, experts say that MBO is […]
Competence vs Competency In English language there is a word called competence that refers to abilities or set of skills possessed by an individual. Competence is a noun that describes the ability of a person to be qualified to do a job. There is another word called competency (also a noun) that is the quality […]
Induction vs Orientation When a new employee joins a company he is led into an induction/orientation or an induction and orientation program. This really confuses many in HR as some believe it is induction while others refer to it as orientation. Are these two words synonymous or there is some difference between the two concepts? […]
MSRP vs Invoice If you have ever been to a car dealer enquiring about the prices of a new car, you must have seen the MSRP of the car, also known as sticker price, hanging inside the car. This is also known as Manufacturer suggested retail price, that car dealers freely display in the form […]
CEO vs President If you look around yourself at the companies, you will find various nomenclatures for posts being used for people inside management. All designations carry different sets of roles, functions, and responsibilities. Two such designations are CEO and President that are enough to confuse people as they cannot make out differences between the […]
Bidding vs Auction Despite auction being a very popular form of selling and buying of goods and services, there are people who remain confused between the terms bidding and auction. This may be due to various types of auctioning systems in prevalence. As against the common practice of printing an MRP on the product and […]
Memorandum of Association vs Articles of Association Memorandum of Association and Articles of Association are documents that are very important to know about a company in detail, and together they form the constitution of a company. Though there are some similarities, both serve different functions and purposes and are important for different class of people […]
Consumer vs Customer Consumer and customer are people who buy goods and merchandise. They are people who are constantly looking for good deals and discounts in order to save money and make the economy better. Despite their similarities, there is a difference between consumer and customer. Who is a Consumer? This is a broad […]
Group vs Company In business world, entities operating to make profits by selling goods or providing services are called by different names. This nomenclature is based upon differences in their structures and also on the basis of how these entities are taxed by the authorities. Two words confuse people used in common parlance and these […]
