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Theravada's focuses on the teachings:on cultivating wisdom through knowing the Four Noble Truths, and participating the Noble Eightfold Path, especially meditation.
Their name means "the great vehicle"
They look to the Bodhisattva as embodiments of compassion, because the Bodhisattvas have vowed that they will wait to enter nirvana so that they may assist others, even until "the last blade of grass" becomes enlightened.
For Mahayana Buddhists, the Bodhisattva, rather than the Arhat, is the ideal type. And compassion, which is perfectly embodied by the Bodhisattvas.
What Theravada means is "the way of the elders". They follow the earliest texts, and thus tends to agree with the original teachings of the Buddha.
The ones who focus on Buddhism and succeed are the 'arhats', which for the Theravada are the ideal types whom strive to imitate. (like saints in Catholicism)
By harnessing the sensual energies of life, Vajrayana attempts to propel the individual toward enlightenment. prominent among the practices used to achieve this are mandalas and mantras. together these practices invoke sight, movement, and sound capitalizing on the sensual energies as a way of achieving the goal of spiritual enhancement.
What their name means is "tibetan buddhism"
The important feature of Vajrayana is its institution of lamas, a heiracrchy of clergy headed by the Dalai Lama.