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    BUSINESS REPORT

    Chapter 5

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    Business Report

    Definition

    A Business Report is an impartial, objective,

    planned presentation of facts to one or more

    persons for a specific business purpose.

    An orderly, objective message used to convey

    information from one organizational area to

    another or from one institution to another to

    assist in decision making or problem solving.

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    Reports have been classified in numerous

    ways by management and by report-

    preparation authorities.

    We classify reports on the bases of theirforms, uses, contents, etc.

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    Purpose of Reports

    To monitor andcontrol

    operations

    Plans, operatingreports,

    personal activityreports

    Internal reportsmove upward on

    recurring basis;external reports goto selectedaudiences

    To implementpoliciesand procedures

    Lasting guideline,position papers Internal reportsmove downward oron a non-recurringbasis

    To comply with

    regulatory

    Reports IRS, SEC,

    Human Rights

    External reports are

    sent on a recurring

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    Definitions of Some Types

    Purpose of Report Common Examples Reparation &Distribution

    To obtain new

    business orfindings

    Sales proposals External reports are

    sent onnonrecurring basis

    To document clientwork

    Interim progressreports,

    final reports

    External reports aresent on a

    nonrecurring basis

    To guide decisions Research reports,justification reports,trouble shooting

    reports

    Internal reportsmove upward on anon-recurring basis

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    Classification of Report

    1. Formal or Informal

    Formal reports are carefully structured; theystress objectivity and organization, contain

    much detail, and are written in a style that

    tends to eliminate such elements as personal

    pronouns.

    Informal reports are usually short messageswith natural, casual use of language. The

    internal memorandum generally can be

    described as an informal report.

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    Classification of Report

    2. Short or Long Reports?

    Short-or-long can be a confusing classification

    for reports. A one-page memorandum is

    obviously short, and a term paper of twentypages is obviously long.

    What about in-between lengths?

    One important distinction generally holds true:as a report becomes longer, it takes on more

    characteristics of formal reports. Thus, the

    formal-informal and short-long classifications are

    closely related.

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    What Makes A Good BusinessReport

    Business reports are used by organizations toprovide a formal, verifiable link among people,places, and times.

    Some are required as a permanent record;others are needed to solve an immediateproblem or to answer a passing question.

    Many move upward through the chain of

    command to help managers monitor the variousunits in the organization; some move downwardto explain management decisions to lower-levelemployees responsible for day-to-day

    operations.

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    The purpose of a business report is to conveyessential information in an organized, useful format.Anddespite technological advances, the ability toaccumulate data, organize facts, and compose a

    readable text remains a highly marketable skill.

    A well-prepared business report will provideCOMPLETE, ACCURATE information about anaspect of a companys operations.

    The information provided by a report is often meantto influence decisions, to determine changes,improvements, or solutions to problems. Therefore,the report must also be CLEAR, CONCISE, and

    READABLE.

    What Makes A Good BusinessReport

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    Format

    The format of a business report may vary,from a brief informal report intended for in-house use to avoluminous formal report

    intended for a national public distribution.

    Some reports consist entirely of prosewhile

    others consist of statistics; and still otherreports may employ a combination of prose,

    tables, charts, and graphs.

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    Style

    The style of a report depends upon the audience. Aninformal report to be read only by close associatesmay be worded personally; in such a report I orwe is acceptable.

    A formal report, on the other hand, must beimpersonal and expressed entirely in the thirdperson. Note the difference

    Example

    Informal:I recommend that the spring campaign concentrateon newspaper and television advertising.

    Formal:

    It is recommended that the spring campaignconcentrate on newspaper and television advertising.

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    Types of Reports

    Letters Reports

    A letter report is simply a report in letterform: it is often used

    when sending information to a reader outside your

    organization. It includes:

    1. Date

    2. Inside Address

    3. Salutation

    4. Body (the heart of the report)

    5. Complimentary close

    6. Signature

    7. Reference section

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    Letter reports are of two types:

    1. Informational Letter Reports

    2. Analytical Letter Reports

    1. Informational Letter reportsA staff report to financial officer regarding issuesconcerning personnel turnover in the salesdepartment

    A report in reply to inquiry about product andservices provided by your Company

    2. Analytical Letter Reports

    These include investigation of an issue or problem

    Calculation of financial ratios of a company in orderto command on its financial condition.

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    Main Features of Reports

    The Opening

    As the name suggests, the opening is the firstsection in any report. A good opening

    accomplishes at least three things:i) Introduces the subject of the report

    ii) Indicates why the subject is important

    iii) Previews the main ideas and the order inwhich they will be covered.

    If you fail to provide readers with these cluesto the structure of your report, theyll read

    aimlessly and miss important points

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    Headings and Lists

    A heading is a brief title at the start of asubdivision within a report that cues readers

    about the content of the section that follows. They visually indicate shifts from one idea to

    the next, and, when subheadings (lower levelheadings) andheadings are both used, they

    help readers see the relationship betweensubordinate and main ideas.

    In addition, busy readers can quicklyunderstand the gist of a document simply by

    scanning the headings.

    Main Features of Reports

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    A list is a series of words, names, oritems arranged in a specific order.

    Setting off important ideas in a listprovides an additional structural clue. Lists

    can show the sequence of ideas or visually

    heighten their impact.

    In addition, they facilitate the skimming

    process for busy readers.

    Main Features of Reports

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    Previews and Reviews

    You may have heard the old saying tellemwhat youre going to tellem; then tell em what

    you just toldem. The more formal way of giving this advice is to

    tell you to use preview sections before andreview sections after important material in your

    report. Using preview section to introduce a topic

    helps readers getready for new information.Previews are particularly helpful when the

    information is complex or unexpected.

    Main Features of Reports

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    The Ending

    Research shows that the ending, the final

    section of a report, leaves strong and lasting

    impression.

    Thats why its important to use the ending to

    emphasize the main points of your message.

    In a report you may want to remind readers ofyour key points or your conclusions and

    recommendations.

    It provides a final opportunity to emphasize the

    wholeness of your message.

    Main Features of Reports