This business report discusses key aspects of writing business reports, including their purpose, types, characteristics, advantages, objectives, and limitations. It was presented by Dr. Anjali Dhiman, Dr. Swapnil Rathor, Mr. Ravindra, and Mrs. Bharti Thakur. Business reports provide organized, objective information to help organizations make effective decisions and can include financial plans, status updates, or recommendations. They should be accurate, brief, relevant and written for a specific audience.
2. Business report
Organizations need accurate, timely, objective
and concise information to make effective
decisions. One way they can obtain such
information is from a business report.
This document can be defined as “an organized
presentation of information to a specific
audience for the purpose of helping an
organization achieve an objective” (Bowman &
Bran chaw , 1988, p. 12).
Example include a financial plan for the annual
budget
3. How to Approach a Business
Report
Before you start writing the business report,
determine what it needs to be about and who
it is for.
1. Who is my audience?
2. What is my purpose ( or goals) ?
For example, you may use less industry
jargon if you are writing to your customers
than if you are writing to the executives of
the business.
4. Types of Business report
1. Formal and Informal reports
2. Statutory reports and Non statutory reports
3. Informative reports and Interpretive reports
4. Periodic reports and Special reports
5. Technical and Non technical reports
5. Characteristics of good
business reports
Accurate
Brief
Free from grammatical errors
Relevant
Simple language
References
Don’t give recommendations which are not
possible
6. Advantages of business
reports
Keep Records: Report keeps record and provides valuable source
of information. We can re-use this information for future
reference.
Provide Information: Report provides information in terms of
tables, graphs, charts and illustration and therefore we can be
aware of facts and figures as an update. Nowadays, information
are treated as the most valuable asset.
Indicate Status: Report indicates the current status of any
project and therefore we keep on knowing what we are doing. It
communicates to donors and founders for project progresses.
Facilitates Research: It facilitates research work as it is source of
quantitative and qualitative information.
7. Advantages of business
reports cont.
Setting Actions: Report shows comparison and
analysis with critical evaluation and therefore it
helps to determine future actions.
Decision Making: Decisions can be easily made
based on the recommendations given in report.
Building Relation: Report builds relationship
between author and reader. It creates impression
8. Objectives of business
reports
To Exchange Information:
To Plan
To Facilitate Direction and Motivation:
To Improve Employer-Employee
Relationship
To Attract Customer
To Provide Necessary Data for DecisionMaking
To alter/Change Future Plan