new business development

Request for Proposal: Worth the Gamble? Facts You Need to Determine the Odds

Request for Proposal: Worth the Gamble? Facts You Need to Determine the Odds

According to The Wizard of Odds, the probability of an overall win in blackjack is 46.36%. While the variables associated with winning a new piece of business through participation in a competitive Request for Proposal (RFP) differ greatly, identifying as many factors as possible upfront can help you determine the probability of a winning hand and whether or not your team should gamble or respectfully decline.