Tag: strategy deployment

  • Difference Between Trade-off Curves and Opportunity Cost

    Difference Between Trade-off Curves and Opportunity Cost

    “There are no solutions, there are only trade-offs.” ― Thomas Sowell Introduction When the alarm bell rings in the morning, either we wake up or we put the alarm on snooze. When we wake up, either we spend our fresh energy on social media like newspapers, Whatsapp, Facebook etc. or we can channel our energy through…

  • Difference Between VA and VE

    Difference Between VA and VE

    “I do not mind the difference of opinion. I do mind hate.” ― Unknown Introduction What is the difference between illusion and reality? The illusion is an instance of a wrong or misinterpreted perception of sensory experience. While reality is the state of things as they exist like we can see, feel or touch someone. Many…

  • Difference Between Jig and Fixture

    Difference Between Jig and Fixture

    “Realize the difference between truth and opinion.” ― Unknown Introduction What is the difference between day and night? The Earth orbits the Sun once every 365 days and rotates about its axis once every 24 hours. Day and night are due to the Earth rotating on its axis, not its orbiting around the Sun. The term…

  • Difference Between Business Plan and Quality Objectives

    Difference Between Business Plan and Quality Objectives

    “Don’t let your luggage define your travels, each life unravels differently.” ― Shane Koyczan Introduction When we are planning to go on a long drive, say 500 kilometers, we focus on some macro-level activities like when we need to go, with whom we need to go, why we are going, how to go there etc. Before…

  • Difference Between OKR (Objective and Key Result) and MBO (Management by Objectives)

    Difference Between OKR (Objective and Key Result) and MBO (Management by Objectives)

      “If you desire to make a difference in the world, you must be different from the world.”— Elaine S. Dalton Introduction There are different ways to reach locations A to B. The important perspective is to identify a path wherein we can reach the destination at the lowest cost, with high efficiency and within…