A formal research proposal and a business proposal although may appear similar, are different in many ways. One of the items that are different are the goals of each. For a formal research proposal, the goals are aimed at finding data and information that is specific to making business decisions better. This can range from customers and customer service, to budget issues. Formal research is theoretically aimed toward finding a way to do something better.
Business proposals on the other hand are aimed solely at a new product that a business may want to make, as well as, a new service all together. The goal of a business proposal is to make money for that particular business. A business proposal is practical in that it discusses how to make money for the business(Samarah ).
Both types of proposals contain an introduction section, as well as a conclusion section, but this is where the similarities end. A formal research report will contain a section that is aimed at research methods, and this is where the information and or data they have found will be discussed. Quite possibly a business proposal will not have that section included in it. The reason it would not have a section like this is that a business proposal is to show a product that has already had the research done on it.
A formal research proposal may talk about how much the research will cost, but will not have a full budget included like a business plan will have. Another major difference in the two is how the sections are completed and in what order. The formal research proposal is what a business will use to determine if they should even try to make a new product, or offer a new service. The business proposal comes after the research proposal, because at that point they know they want to make the product or start the service, and that is when they need the budget for the project(Kerber & Buono, 2004).
The research proposal is used to determine whether there is a demand for that product or...