Business Reports
Business reports simply refer to actual documents that evaluate a situation and offer informed recommendations from the data collected to the business owner or management. The report is usually written at the business owner's request or management to address a specific issue or product. It includes a recommendation that addresses the concerns raised by the owner.
This piece provides step by step guideline on how to write a Business report effortlessly. Learn how to make your report resourceful. Keep reading for more insights.
What is a Business report?
A business report is informational. It is factual and backed by data collected after conducting business research. It gives solutions to challenges raised on the research topic. The report falls under two significant distinctions:
A formal report is usually longer, more objective, and focuses on the solutions to the problem raised. It also follows a specific format and is based on extensive research.
On the other hand, an informal report is short and does not follow a distinct writing style. The most common format is a memorandum or letter format. This, however, does not negate the importance of informal reports.
Categories of Business Reports
Informational reports
Their main purpose is to share specific information about a product, policy, or staff. Business Reports may include the types of products a company produces, the number of hours worked by staff in a week.
Research report
They are usually written after researching within the business. It contains the problem statement, the methodology used to collect data, and the findings with recommendations provided at the end. This report addresses uncertainty in the business in scenarios such as new product launch and competitor analysis.
Research report
They are usually written after researching within the business. It contains the problem statement, the methodology used to collect data, and the findings with recommendations provided at the end. This report addresses uncertainty in the business in scenarios such as new product launch and competitor analysis.
Progress report
This report shows the progress made in a business or project. It provides insights into the performance of a business. This may include sales figures as a comparison between week 1 and week 2.
Analytical report
Are there any important changes that need to be made in the company? An example is when a company is considering stopping production of a particular product. It's through analysis of existing products that will back the management's decision to drop a specific product.
Explanatory report
This report gives explanations to recommendations given under research reports. It explains specific aspects of the research findings. For example, why the research was conducted, the respondents' distribution, and reasons for their responses.
Remember, the business report should be as straightforward as possible to pass the right information. For this reason, it should be written with headlines, subheadings, diagrams, and bullets if required for clarity.
Creating a Business Research Paper Topic
The most important part of a Business Report is the topic because it indicates the report's course. Don't choose a broad topic. Narrow it down to something you can manage. Also, consider all the stakeholders that be interested in the report. It should be something practical.
Secondly, think of what you'll include in the introduction. For your article to carry some weight, compile a literature review, then conduct the research. Use diverse sources such as previous reports, legal documents, and financial reports.
Next, determine the best suitable methods for data collection. Mention and define the target population. And highlight the process of data analysis. The best Business Reports have good method section. It helps connects the dots.
Lastly, we have the Discussion Section, another critical area that outlines practical solutions to the problem at hand. Give fresh approaches as you link it to the other sections of the report.
One important thing to remember when writing a Business Research Paper is tone and format. Follow the specified structure.
Examples of MBA Business Report Topics
As a Ph.D. student, you may be asked to write a MBA Business report as part of the assignment. Check out the ideas below for inspiration on how to approach the project.
1. Resources Management
2. Conflict Management
3. Accounting and Finance
4. Why You Should Restart after your Business Fails
5. Factors Affecting business Start-ups
Organizing a proper Business Report
As a writer, you must structure your report correctly so that readers can easily understand it.
1. Plan
Have a clear plan for the report, this should include what you want to achieve. Research on the housing style for the company you are writing the Business report. Different organizations have different preferences in writing styles.
2. Title
The title of the report will depend on the instructions given by the requesting organization. Make it brief and clear at the beginning of the report. Write the date, names of people who contributed to your report.
3. Table of contents
This should include every section headings of the report with their respective pages. You can write this section after the completion of your report.
4. Introduction
Give reasons for conducting the research and briefly introduce the main topics covered in the report. You may include definitions of terms.
5. Methodology
This includes the research methods chosen. Explain to your audience the reason for selecting your research methods
6. Findings
This section contains the findings from the research you have done. Indicate and convince your audience with hard facts from data collected. Mark your findings in numbers, bullets, or paragraph form. Include relevant information, ideas, facts, and statistics to support that supports your conclusion
7. Conclusion
Logically provide an ending to your report giving a summary of your findings. This may include recommendations if your research is conclusive. If there is a need for further research, state it here.
8. Bibliography
A Bibliography contains the list of resources you used to write the report. List the references in alphabetical order. References can be from websites, books, and articles in journals or even questionnaires used.
Final Thoughts
A Business Research Paper is an essential document because it can help provide solutions to a key problem. Thus, research is mandatory. Write a conclusive report that you can back up with evidence.
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