Why Do Businesses Still Do RFPs?

Maggie Kimberl  |

RFPs, or requests for proposals, are a colossal waste of time in most cases. They take valuable time and cost precious resources, and for the companies putting them together they don't even guarantee a return on that investment. But what's more, this process actually hurts the companies asking for the RFPs by rewarding the status quo and keeping out fresh, innovative ideas. Learn more about why RFPs are the dinosaurs of the business world from this infographic.

DISCLOSURE: I work for NowSourcing, the company that designed this infographic.


The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Investview Inc

Investview Inc is an investor technology and education company. It provides products that allow the individual investor to find, analyze, track, and manage their portfolio.