Differences between “Formal Research” and “Business Proposals”
There is a great difference between a formal research proposal and a business proposal. In fact these two types of proposals seem to be very similar but there are critical differences in the overall purpose, uses and goals. With such distinct differences for a writer it helps in understanding for writing the formal research proposal or business proposal more effectively. The general purpose of a proposal is the identify a particular need, explain it and recommend how this need can best be met.
Both proposals have different usage in business system. The formal proposals very frequently used by the product developers and financial analysts to figure out if there is a requirement for developing another product by the company, whereas the business proposal generally used to find out the best possible manner for entering the market after the product is developed. Research is basically a systematic investigation and study of sources or materials which is an integral part for drafting any kind of the proposal. This is important to establish the required facts for drafting proposal and develop conclusions. When writing a business proposal, there is a need to conduct a formal research on the market.
In the proposal the overall goals were outlined in the proposals overview section or in the introduction. It is evident that the goals are different in both kinds of the proposals. This is because of the nature of the proposal format like in a formal research proposal which is focused on identifying specific information or data which helps the business in making better decisions whether for market, customer or for the budget. On the other side Business proposals suggest the strategy for new products or services with the ultimate aim and the goal to make money for the business. The approach in the formal research proposals is theoretical and the business proposals mostly have practical approach and discuss the areas on how to perform activity to make money.
The most important difference between formal research and business proposals is that formal research has no financial implications while financial implications are the most important characteristics of business proposals. The main objective of a business proposal is to identify a need which must be addressed in order to generate either financial savings or greater revenue, while such financial implications are not relevant in formal research. Formal research is not concerned with generating findings that are practicable. Infact both of the research and business proposals consist of basic structural components which clearly define the document as a proposal. The introduction section of the document's discuss info on the problem, background and the problem statement section define the required action to be taken to address that problem. The goals were properly defined in the objectives section. The solution of the problem is well defined in the solution section by the writer suggesting the solution to solve the problem. A part from this sections like budget, schedule, resources, management and qualifications demonstrate the writers ability to identify require sources and necessary time to implement the solution and solve the business or research problem.
Both format of proposal have different research studies. In business proposal the orientation is practical which discuss how to solve the problem so to helps company in generating revenues or planning strategy for financial savings. Formal research proposal is measured in performing an experiment. Theoretical work is generally avoided in business proposal on the other hand formal research defines the theories that support the variable utilized in the hypothesis. Part 2
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