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Nothing. It is the same college known by two acronyms - VVSB
Vishwa Vishwani Institute of Systems & Management (VVISM) offers a Two-Year PGDM Program autonomously, whereas Vishwa Vishwani Business School (VVBS) is affiliated to Osmania University and approved All India Council Technical Education-New Delhi for offering PGDM degrees in Management.
Both are owned & managed by the same group.