How to write a business report

How to write a business report:


What is a formal business report?

● A formal business report is an official document that contains data, research,
information and other necessary details to help decision maker form plans and
objectives

● Strategic awareness, a business orientation and a concern to add value through
best practices are key elements of professional competence

● Qualified professionals in all areas, should be able to research relevant topics
and write reports that can persuade key decision-makers

● To achieve this, the report must present a clear and logical case that
demonstrate the subject knoweldge

Types of business reports:

Some most common types of formal business reports, designated by a purpose:

● justification /recommendation report
* To propose an idea to management
* The body would includes sections like risks, cost and benefits

● Investigative report
* To present the potential risks of a specific opportunity
* This report is helpful for business owners to anticipate any issue involved in
making an investment or purchase

● Compliance report
* When the organization wants to show accountability and create a compliance
report.
* Allows an organization to prove that it is following regulations and that it is
spending money properly

● Feasibility report
* To analyze the outcome of a proposed idea
* The report could cover potential problems, associated costs and the benefits of
the idea