Question

Have you ever had to write a report or a proposal (either formal or informal)? What do you think the benefits are of creating this type of written business document?

Answer 1

A proposal is a written business document which conveys the intentions, ideas, vision or mission of your organization and any future projects that the organization might want to undertake.

The benefits of writing a proposal are many. some of them are:

1. It provides clarity to the work done and the future projects of the organization and what will be the benefits for the various stakeholders. This clarity is essential when you are dealing with numerous stakeholders who want to know the pros and cons of every business undertaking.

2. It bring efficiency and increases staff participation in the organization. When the employees are clear about their future work and what it would entail, they will work harder to achieve the goals set by the organization which will lead to overall success for the organization.

3. It attracts new shareholders who might become interested in the projects being carried out by the organization and might want to fund future projects. Defining future ideas helps in gettings funds and investment from investors if the goals and objectives are stated clearly and concisely.

4. It brings accountability int he organization. When the goals are stated clearly, the steps to achieve the goals become clearer too and the employees and top managers can be held accountable for their work. It brings transparency and brings responsibility to the working staff of the organization.