Business Research
Business research
1.0 UNIT 1
Part I
1.1 Formal Research and Business Proposal
When comparing formal research and business proposals it is imperative to note that the formal research is academic in nature while a business proposal has a more practical orientation to it as it is mostly used in the implementation of the various ideas that may have been noted to be affecting the business. The consideration will be in terms of the different objectives of both the formal research and the business proposal for instance their implications to the revenue levels in the firm as well as the operation in the firm. The differences and similarities will also be in terms of the applicability of the findings from the business proposal and those from formal research. There are a variety of differences and similarities between the two concepts both theoretically and practically.
1.2. Differences
1.2.1 Practical differences
The funding structures are different as majority of the formal research are funded by grants from the learning institutions as well as governments as well as other public bodies. The findings are therefore expected to add to the pool of knowledge in the discipline as opposed to being geared towards the solution of particular problems that are faced by certain firms. The business proposal on the other hand is funded through the various firms especially when they come to the realization that there are certain problems that are contributing negatively towards the achievement of the goals of the organization. An example to illustrate why the findings from the formal reports and those from business proposal are different can be found in the filed of the Human Resource (Buckley et al., 1998). Here, the formal research may identify the various roles that the HR professional can play in an organization, for instance, acting as agents of change, preparing the strategies etc. the formal research does not go any further and this is where the business proposal begins,
1.0 UNIT 1
Part I
1.1 Formal Research and Business Proposal
When comparing formal research and business proposals it is imperative to note that the formal research is academic in nature while a business proposal has a more practical orientation to it as it is mostly used in the implementation of the various ideas that may have been noted to be affecting the business. The consideration will be in terms of the different objectives of both the formal research and the business proposal for instance their implications to the revenue levels in the firm as well as the operation in the firm. The differences and similarities will also be in terms of the applicability of the findings from the business proposal and those from formal research. There are a variety of differences and similarities between the two concepts both theoretically and practically.
1.2. Differences
1.2.1 Practical differences
The funding structures are different as majority of the formal research are funded by grants from the learning institutions as well as governments as well as other public bodies. The findings are therefore expected to add to the pool of knowledge in the discipline as opposed to being geared towards the solution of particular problems that are faced by certain firms. The business proposal on the other hand is funded through the various firms especially when they come to the realization that there are certain problems that are contributing negatively towards the achievement of the goals of the organization. An example to illustrate why the findings from the formal reports and those from business proposal are different can be found in the filed of the Human Resource (Buckley et al., 1998). Here, the formal research may identify the various roles that the HR professional can play in an organization, for instance, acting as agents of change, preparing the strategies etc. the formal research does not go any further and this is where the business proposal begins,