Managerial Decision Making - Research Paper Example

PART 1 Formal research and business proposal are terminologies that bear commonalities and differences. While formal research is defined as conducting an experiment under proscribed conditions so as to find out, reveal or assess a hypothesis, business proposal is defined as the methodical collection of information with the objective of arriving at the most appropriate solution for a given problem or situation. Each one possesses its relevance and significance in the business scenery, while still they have characteristics that are distinct to each other.

This paper will, therefore, seek to establish these attributes by establishing the commonalities and differences between the two terminologies. It will also establish the capabilities of one in disparity with the capabilities of the other. Later, it will explore the effects of human resources subcontracted on leadership performance and employee commitment. Commonalities The two terminologies, ‘formal research’ and ‘business proposal’ have both commonalities and differences. One aspect present in a formal research is that it does not necessarily need presentation with a heading or subheadings.

This feature is also present in a business proposal. Further, the two have an introduction and a conclusion. Whenever a business proposal is being written it is usually vital to carry out a formal research on the souk as it helps in determining the feasibility of the business (Dess, 2007, pp. 32-47). The two possess basic structural apparatus that describe them as a proposal manuscript, whose introduction part provides background information on the problem, whilst the problem report part clarifies the need to tackle them.

Both business and research proposals have to be composed after prompting. Accordingly, all proposals are official and written replies to a call for proposals. Differences Although the terminologies bear similarities, they also possess differences in their general rationale, objectives, sections and functions. While formal research constitutes an academic nature, business proposal is more of practical oriented. While formal research bears no financial implications, business proposal possess financial implications as one of its main features.

A business proposal is usually aimed at spotting a need that has to be dealt with so as to generate either financial reserves or greater proceeds, whilst financial implications are irrelevant in formal research. Further, formal research does not concern itself with generating conclusions that are feasible. Business proposal is projected for a vendor and usually spots the objected market and shows how custom results can be distributed to purchasers in such market. The objectives of the two vary as formal research concentrates on discovering definite information that may assist the business formulate good decisions while business proposals regularly recommend new products or services, meaning the aims are mainly to generate money for the company.

Whereas the formal research proposals frequently contain a theoretical tactic, the business proposals mainly bear a practical strategy on how to operate so as to generate money. The formal research is frequently completed to establish if the business should formulate alterations such as budget modifications. Whereas the research proposal establishes the general demand for