For this assignment, you will devise a presentation that either proposes a product [broadly considered] or a proposal to modify an existing product to make it better or more cost-effective.
There are two types of proposal: internal and external.
- Internal proposals are composed from within the organization and address a specific problem or need of the organization.
- External proposals come from outside the organization and address a specific problem or need of the organization. These proposals are often competitive, in that, often, the organization will review multiple options for the most effective and cost-efficient solution. They can be 1) solicited, meaning that they address specifications provided by the organization; or 2) unsolicited, meaning that the specifications are not formalized in a Request for Proposal (RFP).