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What is the difference between delegation and empowerment?
Delegation you are given a task to complete, empowerment you have been given ownership and responsibility and accountability. in delegation what i need from you and in enpowerment what do you need from me?
What is the difference between shareholder and owner?
An owner - has sole responsibility for the financial success of a business. A shareholder - is an investor in someone else's business - with the hope of being rewarded by a share in the company's profits.
Difference between professional and traditional management?
under Traditional management ownership and management/control stay with the same persons. In Professional management, ownership and management may differ. ex: Take Joint stock companies - Owners are the shareholders whereas the management is taken care by managerial personnel who are professionals
What is meant by the divorce between ownership and control that can occur in public limited companies?
The divorce between ownership and control is when the shareholders (ownership) and the control (agents (board of directors, CEO etc)) have clashing view. Eg when Kraft pledged the bid to take over Cadbury, a majority shareholder named Warren Buffett didn't agree with the boards decision. This is know as 'The Divorce Between Ownership And Control)
What is the difference between a supervisor and a chief controller?
A supervisor is a person who watch's over someone or something. A chief controller is the top chief who maybe does all of the cooking with a little help or the owner.
