Understanding the Difference Between Formal Research Proposals and Business Proposals

Understanding the Difference between

Formal Research Proposals and Business Proposals

Clarissa Pelly

25 August 2012

Grace O. Onodipe

Abstract

Formal research proposals follow a theoretical approach to find specific information that can help a manager make better business decisions. Business proposals follow a more practical approach and focus on the strategic and tactical goals of presenting a new product, service, or business protocol. Both formal research proposals and business proposals rely on business research to help generate alternative solutions for effective decision making. A literature review was conducted to explore the importance of organizational learning in a business setting, and to explore its impact on strategic management. In doing so, it was discovered that more exploration must be done to test the theory that organizational learning can be used as a predictor in strategic management.

Understanding the Difference between Formal Research Proposals and Business Proposals

Introduction

Formal research proposals and business proposals may appear very similar, but they have vast differences in their goals, proposal sections, design approach, and the role of research. Formal research proposals focus on finding specific information that can help a manager make better business decisions (Jane, 2012). Business proposals come after the research is done, and focus on the strategic and tactical goals like suggesting a new product or service and making a profit (2012). Even though they are different, they are both vital in the business setting and important for a manager to get accustomed to.

Compare and Contrast

A formal research proposal is a “formal written plan which communicates ideas about a proposed study in order to obtain approval to conduct the study or to seek funding” (Onwuegbuzie, 1997). A proposal may be required for a grant application, an academic degree, a conference seminar, or for ethical approval as part of a study...