Formal Proposal Vs Busniess Proposal

Abstract

There are some differences and similarities when comparing business proposals and formal research. Each one of these has their own application in the business world. One leans towards a more specific scientific approach and builds on existing knowledge, while the other focuses on the strategic and tactical who, what, where, how, when and why.

In order to better understand, compare and contrast the differences between formal research and a business proposal, we need to gain an understanding of what these two elements mean. According to Sekaran (2009), formal research is the process of finding one or more solutions to a problem, after a thorough study and analysis of the situational factors. Interestingly enough, a business proposal is a sales tool utilized by the author to elucidate a particular idea or point of view in an uncomplicated and rational way. The business proposal tool attempts to provide details and clarification to the reader (who might be ignorant to the idea) as to what the proposition is and how it will work. The point is to show the reader how it is in their best interest to concur to what the author is proposing (Strauss, 2007). It is important to note the immediate differences between these two elements: the former is a process used to search for solutions and its main objective is to inform thru analytical means and the latter is a tool used to inform the reader about an idea so to persuade and intrigue.

There are different types and approaches to doing research and business proposals. Basic research is done when the author wants to gain a better understanding of certain issues or problems in the organizational situation. Applied research is performed on specific problems the author wants to address and at the same time apply or implement the results of his / her findings.