NAME-K.V.

NANDINI
CLASS-MCOM.2 SEM-3
SUBJECT- RESEARCHE METHOLOGY FOR BUSINESS
ASSIGNMENT TOPIC- RESEARCH REPORT:
IMPORTANCE OF REPORT WRITING

Introduction
One of the reasons for carrying out research is to add to the existing body of knowledge.
Therefore, when conducting research, you need to document your processes and findings in a
research report. 

With a research report, it is easy to outline the findings of your systematic investigation and
any gaps needing further inquiry. Knowing how to create a detailed research report will prove
useful when you need to conduct research.

What is a Research Report?

A research report is a well-crafted document that outlines the processes, data, and findings of
a systematic investigation. It is an important document that serves as a first-hand account of
the research process, and it is typically considered an objective and accurate source of
information.

In many ways, a research report can be considered as a summary of the research process that
clearly highlights findings, recommendations, and other important details. Reading a well-
written research report should provide you with all the information you need about the core
areas of the research process.

According to the commonly known definition of report writing, a report is a formal document
that elaborates on a topic using facts, charts, and graphs to support its arguments and
findings.

While we tell you what the elements of report writing are, if you want detailed guidance, you
can go for Harappa Education’s Writing Proficiently course that talks about the popular
PREP (Point of starting, Reason, Evidence, and Point of ending) model of report writing.

Every report starts with a title page and a table of contents, after which come the main
sections–the executive summary, introduction, discussion, and conclusion.

Research reports are recorded data prepared by researchers or statisticians after analyzing
information gathered by conducting organized research, typically in the form
of surveys or qualitative methods.
Meaning:
Mostly, research work is presented in a written form. The practical utility of research study
depends heavily on the way it is presented to those who are expected to act on the basis of
research findings. Research report is a written document containing key aspects of research
project.

Research report is a medium to communicate research work with relevant people. It is also a
good source of preservation of research work for the future reference. Many times, research
findings are not followed because of improper presentation. Preparation of research report is
not an easy task. It is an art. It requires a good deal of knowledge, imagination, experience,
and expertise. It demands a considerable time and money.

A research report is a document prepared by an analyst or strategist who is a part of the

investment research team in a stock brokerage or investment bank. A research report may
focus on a specific stock or industry sector, a currency, commodity or fixed-income
instrument, or on a geographic region or country. Research reports generally, but not always,
have actionable recommendations such as investment ideas that investors can act upon.

Features of a Research Report 

So how do you recognize a research report when you see one? Here are some of the basic
features that define a research report. 

 It is a detailed presentation of research processes and findings, and it usually includes

tables and graphs. 

 It is written in a formal language.

 A research report is usually written in the third person.

 It is informative and based on first-hand verifiable information.

 It is formally structured with headings, sections, and bullet points.

 It always includes recommendations for future actions. 

Importance of a Research Report 

1. Decision Making Tool: Today's complex business organizations require thousands of
information. Reports provide the required information. A large number of important
decisions in business or any other areas are taken on the basis of  information presented in the
report.

2. Investigation: Whenever there is any problem, a committee or commission or study

group investigate the problem to find out the reason behind the problem and present the fount
output with or without the recommendation in the form of a report.
3. Evaluation: Large scale organization are engaged in multidimensional activities. It  is
not possible for a single top executive to keep personal watch on what others are doing. 

So, the executive depends on reports to evaluate the performance of various departments or
units.

4. Quick Location: There is no denying the fact that  business executives need

information for quick decision making. As top executive are found to be busy for various
purposes, they need vital sources of information. Such sources can be business report.

5. Development of Skill: Report writing skill develops the power of designing,

Organization co-ordination, judgement and communication. Therefore such skill acts as a
catalyst.

6. Neutral Presentation of Facts: Facts are required to be presented in a neutral way.

Such presentation is ensured through a report as it investigates, explains and evaluates and
much more about any fact independently.

7. Professional Advancement: Report also plays a major role in professional progress

and advancement. For promotion to the rank and file position, satisfactory job performance is
enough to help a person.  But for promotion to high level position, intellectual ability is
highly required. Such ability can be expressed through the report submitted to higher
authority.

8. Proper Control: Whether activities are happening according to plan or not is expressed

through a report. 
So, controlling such activities are implemented based on the information of a report.

9. A Managerial Tool: Various reports make activities easy for the managers. For
planning, organizing, coordinating, motivating and controlling, A manger may find help from
a report which acts as a source of information.

10. Encountering Advance and Complex Situation: In a large business

organization, there is always some sort of labour problems which may bring complex
situations. To tackle those situation, managers take the help of a report.

Report is the most effective when it is in the way of formal communication and written

communication basically. But there are existed oral report and informal report too.
Various types of report gives various types of benefits. 
 
The above-mentioned discussion justifies the importance of a report in our daily life. It
shows also the significant importance of a business report on the basis of how manger can
complete managerial activities fully depending on the help of report and takes decision for
problems and progresses of other activities of a organization too. Thus, It also shows
the advantages of report writing.
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