Unit 1-MGT600-IP-JMAYS (Autosaved) - MANGERIAL DECISION...

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MANGERIAL DECISION MAKING 1 Unit 1 Individual Project MGT600-1203A-05 Jacquelyn Mays American InterContinental University June 10, 2012
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MANGERIAL DECISION MAKING 2 ABSTRACT In this unit the fellow students and I are dealing with making managerial decision and as you begin to read my paper I will be discussing the comparison and contrast of between theoretical and practical differences of a formal research and a business proposal, and the commonalities that are different and the capabilities of each one. As for part two of the assignments I will chose a one of the five testable statements then write a literature review on how the author written the statement and give my point of view.
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MANGERIAL DECISION MAKING 3 In the business environment these terms business proposal and formal research can be often intermingled for the business environment. However they are referred to two types of professional documents that many people used interchangeably. As for a formal research is an report that is completed or whether or not to see if a certain project will be successful as for a business proposal are written with the intention to start a new product. A formal research and a business research are two documents that are completely different but they are used together in a business (Jane 2012). A formal research can provide some information that is basic and statistics for any given field or industry that often depends and it is decide by the company. With this document the company can research the demands for any specific product by conducting research with similar products that depends on the market, the sales rate that is generated, or the list of companies who produce the product for how much it is sell for. Once this report is generated the report that is researched call reveal for the market of the certain product to determine if it is saturated or indeed for the business opportunity. As for a business proposal it’s a document that gives suggestions on different methods for the completion of a task. It is used when launching a product that is new or even when implementing a campaign for marketing. Some business proposals are usually a brief description of a task at hand that is describing a general approach for the task. This document can also include scheduling, questioning, and a budget that lays out all the outlines to the expenses that will be associated for this task. They also include sections that could predict and benefit how the company can succeed from this particular approach. However, these procedures are a common with the projects that is involved with many submissions.
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MANGERIAL DECISION MAKING 4 Business proposals and formal research are different in nature but they do work together and can be used for large corporate projects when preparing to launch a product. However with these two concepts they meet all demands when it comes down to making sure research is needed for that product to launch as well as preparing it. Employees are there to prepare many
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