Difference between strategy and plan

Definitions and meanings: Strategy: A strategy is a broader proposal of action for a given aim. A strategy is usually long term and is directed to achieve the vision of an organization. Plan: A plan is a detailed and focused proposition formulated to execute the strategy of an organization. Plan is usually short term and … Read moreDifference between strategy and plan

Difference between amalgamation and merger

Contents: Definitions and meanings Difference between amalgamation and merger Amalgamation versus merger – tabular comparison Conclusion Definitions and meanings Both amalgamation and merger are forms of corporate restructuring which involve consolidation of two or more companies. There are certain differences between these terminologies as explained below: Merger: Merger is a form of corporate restructuring that … Read moreDifference between amalgamation and merger

Difference between financial performance measurement and non-financial performance measurement

Definitions: Financial performance measurement: Financial performance measurement is a measure of financial health of a company. These measures are used to determine that how well a company is using its available resources in order to generate sustainable revenues and operating income. Non-financial performance measurement: Non-financial performance measurement is a measure for establishment of non-financial indicators … Read moreDifference between financial performance measurement and non-financial performance measurement

Difference between executive and non-executive directors

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

Difference between one-tier and two-tier board of 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

Difference between centralization and decentralization

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