The document discusses business reports and their importance. It provides definitions of business reports and notes that they are formal statements used to communicate information and support decision making. The key aspects of an effective business report are outlined as accuracy, clarity, conciseness, relevance, and objectivity. Reports help decision making by allowing more rational and evaluated processes. Various elements, essentials, advantages, and types of business reports are also described.
The document discusses business reports and their importance. It provides definitions of business reports and notes that they are formal statements used to communicate information and support decision making. The key aspects of an effective business report are outlined as accuracy, clarity, conciseness, relevance, and objectivity. Reports help decision making by allowing more rational and evaluated processes. Various elements, essentials, advantages, and types of business reports are also described.
The document discusses business reports and their importance. It provides definitions of business reports and notes that they are formal statements used to communicate information and support decision making. The key aspects of an effective business report are outlined as accuracy, clarity, conciseness, relevance, and objectivity. Reports help decision making by allowing more rational and evaluated processes. Various elements, essentials, advantages, and types of business reports are also described.
The document discusses business reports and their importance. It provides definitions of business reports and notes that they are formal statements used to communicate information and support decision making. The key aspects of an effective business report are outlined as accuracy, clarity, conciseness, relevance, and objectivity. Reports help decision making by allowing more rational and evaluated processes. Various elements, essentials, advantages, and types of business reports are also described.
0300-4466062 Business Reports Business Report is a formal statement of the results of an investigation or of any matter on which definite information is required, made by some person or body instructed or required to do so.Reports help in Decision Making with more rational and evaluated process. Probably the best overview of reports can be obtained by grouping and describing them according to purpose and format & style. Business Reports Elements of effective report writing Accuracy Clarity Concise Relevant Objectivity Business Reports Why are reports so important? Major channel for the communication of information Part of a business everyday work Tool for decision making What is a good report? A good report should be one, which effectively conveys, what the outcome of the project is or what the writer wants to say. Business Reports The essentials of a good report are as follows: are written in powerful and convincing style to facilitate the decision makers cover all possible aspects of information required Create motivation among readers Provide all statistical data with the use of graphs, and other aids. Supported with supplementary and prefatory parts Are well structured with introduction, body and close. Advantages of Writing Business Reports Adequate time to comprehend the issues No wastage of time on discussions as in meetings presented objectively and impartially is formal and impersonal without emotive surges or conflicts REPORTS Reports are written in three steps to remain focused and comprehensive. PLAN Analyze the situation Gather Information Select the right medium Organize the information WRITE Adapt to your audience Compose the message COMPLETE Revise the message produce the message Proof read the message Distribute the message Business Reports Prefatory Cover : The title of the report Title : Title that tells about the subject Letter of Authorization: Name of the individual who authorised the report Letter of Acceptance : Letter of Transmittal Table of Contents List of Illustrations Synopsis or Summary Business Reports Title Page: A report title page should indicate briefly and clearly what the report covers. It should: Cover 5 Ws for the best analysis Consider a suitable, often indicated with a colon. (:) Be short with in eight to ten words and try to omit articles-the ,a and an. Avoid titles that are vague, or extremely short Eliminate judgement errors Business Reports Table of contents: It should be prepared in the last after you have assigned the headings and final page numbers. Place it just before the report body, being sure that all headings parallel those in the text. Try to limit only to second degree of heading in the table of contents. You may include a supplementary table or list of visuals if you see many statistical and figures. Business Reports Table of table (illustrations) : The long report will include illustrations, statistical data, clarifying end notes, visuals, even bibliographic citations. Business Reports Text of the parts Introduction Body Summary Conclusions Recommendations Notes Business Reports Supplementary Appendices Bibliography Index Glossary Business Reports Supplementary Glossary Define all terms that unfamiliar to a meaning in your in the table of report List your glossary and its first page number in the table of contents List all terms in alphabetical order. Underline each term and use a colon to separate it from its single-spaced definition Define only terms that need it. Business Reports Supplementary Appendix Statistical or measurements Maps Complex formulas Long quotations Photographs Related correspondence (letters of inquiry etc) Texts of law, regulations etc. Business Reports Supplementary Index The index lists topics alphabetically and guides the readers to various places that discuss certain topics Bibliography: Not a part of business reports Business Reports Types: Formal or Informal Special reports Business Reports Informational Reports Offer data, facts, feedback, and other types of information without analysis and recommendations. Reports to control and monitor operation: include plans and operating reports, personal activity reports. Reports on implementation of policies and procedures: Communicate organizational rules and positions (guidelines, position papers Reports to demonstrate compliance: Provide information to show regulators that the company meets formal requirements Progress reports: Provides managers or customers with information on project status Business Reports Analytical Reports Offer information and analysis and recommendations. Reports to assess opportunities: include market Analysis or due diligence reports. Explains the risk and rewards of any course of action. Reports to solve problem: include trobule shooting and failure analysis reports. Reports to support decisions: include justification and FEASIBILITY REPORTS. Your manager would like your views on the use of flexible working hours in your company. You are to write him a report considering the advantages and disadvantages to all concerned and give your conclusion. Compose a plan for this report. 1. Introduction 2. Effects 2.1 Staff (a) Advantages (b) Disadvatnage 3. Management (a) Advantages (b) Disadvantage 4. Customers (a) Advantages (b) Disadvatnage 5. Conclusion Format Style No 1 To: Chief Executive Officer Ref: 77 DSP-23BC From: Human Resource Manager Date: 20 August, 2005. Subject: Staff Motivation Style No 2 To : Chief Executive Officer From : Human Resource Manager Date : 20 August, 2005. Subject : Staff Motivation Memo Report Style No 1 To: Chief Executive Officer Ref: 77 DSP-23BC From: Human Resource Manager Date: 20 August, 2005. Subject: Staff Motivation 1. Introduction 2. Methodology 3. Findings 4. Recommendations & Conclusions Memo Report Informational Report To: Chief Executive Officer Ref: 77 DSP-23BC From: Human Resource Manager Date: 20 August, 2005. Subject: Staff Motivation 1. Introduction 2. Methodology 3. Findings 4. Conclusions Memo Report Analytical Report To: Chief Executive Officer Ref: 77 DSP-23BC From: Human Resource Manager Date: 20 August, 2005. Subject: Staff Motivation 1. Introduction 2. Methodology 3. Findings 4. Recommendations & Conclusions Memo Report Ref: 77 DSP-23BC 20 August, 2005. Miss Hafsa Ahmad Chief Executive Officer Rehman Chemicals, 34 Industrial Area Lahore Dear Madam Staff Motivation Introduction, Methodology, Findings, Recommendations & Conclusions (Format vary as per contents that changes on situations) Letter Report Letter Report Decline in sales Internal reasons Poor communication ineffective strategies untrained staff poor control and review absence of motivation External reasons High competition New entrants No market analysis pitiable advertisements and promotions substitute products and price issues quality issues non compliance to the law