1 At least five years of education, training and/or professional experience in coaching, human resources, leadership, organization development, or a related field. 2  Openness to feedback; capacity for self-examination; willingness to challenge one's own beliefs.
Definition of firm. 1 : the name or title under which a company transacts business. 2 : a partnership of two or more persons that is not recognized as a legal person distinct from the members composing it. 3 : a business unit or enterprise.
In practice, a company could be a firm. A firm, irrespective of its size or area of operation is a business entity just like a company. Usually, the word firm is reserved for businesses providing services as is clear with the use of terms like accounting firms and consulting firms. One can certainly say firm is a subset of the term company. â¢ In practice, a company could be a firm. Now, that this article has explained the difference between company and firm, it will be easier for you to distinguish between firm and company in the future. Images Courtesy: 1  Panorama Firm logo by Eniro (CC BY 3.0).