Management

Definitions and meanings: Merger: A merger (also referred to as business merger) is a combination or union of two or more companies to form and pursue operations as a single business entity. As a result of merger, a new company comes into existence and the merging companies cease to exist as separate entities. The shares … Read moreDifference between merger and acquisition

Definitions and meanings: Internal Audit: Internal audit is an exercise that includes evaluation of internal processes and procedures of a company. Such an audit includes risk management, operational review and test of internal controls. External Audit: External audit is a practice of examination and inspection of financial statements of a company by an external independent … Read moreDifference between internal audit and external audit

Definitions and meanings: Executive Director: Executive directors are working employees of an organization who are responsible for the top strategic decision-making. The main domain of an executive director is the effective running of business operations. Each executive director has a specific duty to perform based on his department. Executive directors can also be called as … Read moreDifference between executive and non-executive directors

Definitions and meanings: Board of directors comprises of a group of people who administers and governs the activities of an organization. The organization can be a profit seeking, non profit seeking, governmental or a non-governmental organization (mostly termed as Non Government Organization or NGO). One-tier board of directors (also known as unitary board of directors) … Read moreDifference between one-tier and two-tier board of directors

Definition: Centralization and decentralization are two types of systems based on which the decision-making takes place within a business or an organization. Difference between centralization and decentralization The main points of difference between centralization and decentralization are given below: 1. Concentration of power: Centralization, within an organization refers to the concentration of authority of decision-making … Read moreDifference between centralization and decentralization

Definitions and meanings: Organic growth refers to the growth of internal revenues of a company, which is a result of increase in internal output of a company. Such type of growth lacks diversification of business risks. Inorganic growth refers to the growth of revenues of a company by expansion, mergers and/or acquisitions. Such growth can … Read moreDifference between organic and inorganic business growth