Benefits of Business Proposals and Formal Research

The Benefits of Business Proposals and Formal Research
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Abstract

The purpose of this research paper is to discuss the business application of both formal research and business proposal. There are harmonies include the definition of the issue and the written approach of the resolution. On the other hand, the business proposal is a document prepared to give a recommendation; whereas formal research is designed to provide the steps to resolve the issue at hand. This paper will discuss how the commonalities and differences of both business proposals and formal ...

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is the process of gathering information to resolve an issue (Sekaran and Bougie, 2010, p. 2). It is well-known in today's business environment there are many issues which need resolution from company startups to making a product relevant again (Sekaran and Bougie, 2010, p. 5). The initial question business managers must decide is what type of research is required to initiate the resolution process. How will managers determine which type of research is required? Formal or informal? Is a business proposal required or necessary? And from whom will they acquire the information? Researched information is necessary and it is a decision at times managers must make within restrictive time and budget constraints; or to use the information to construct a five-year plan.

Managers spend in an inordinate amount of time identifying issues and working to resolve the identified issues as part of their daily work life (Sekaran and Bougie, 2010 p. 2). The type of industry and business ...

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"Benefits of Business Proposals and Formal Research." Essayworld.com. April 24, 2017. Accessed January 23, 2018. http://www.essayworld.com/essays/Benefits-of-Business-Proposals-Formal-Research/106238.
"Benefits of Business Proposals and Formal Research." Essayworld.com. April 24, 2017. Accessed January 23, 2018. http://www.essayworld.com/essays/Benefits-of-Business-Proposals-Formal-Research/106238.
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PAPER DETAILS
Added: 4/24/2017 12:32:45 AM
Submitted By: vm0436
Category: Business
Type: Premium Paper
Words: 1131
Pages: 5

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