Management reporting is considered to be the source of business intelligence. This is due to the fact that it has the ability to help and guide leaders in making a sound, more accurate, and more data-driven decisions. This type of report is in its most useful state when it will be used for the purpose of preparing and presenting an information. Management reports are designed to inform managers about all the different aspects of the business. They collect the necessary data coming from other departments in order to track the key performance indicators. It is just like showing the worth of a particular business organization by simply presenting their financial and operational information. It encourages in providing insights on how you are going to see you company, how you empower other decision-makers, and how you increase the efficiency of the operations.
What is a Management Research Report? It is defined as a type of document that consists of around 7000 words designed for a management audience, outcome of a research project, and implementation plans. This type of reports are considered to be much longer compared to others since it provides you with an indication as to what type of outcome is expected from a piece of research. It will also become a reflection of facts. Generally, this is a hybrid document, but not a dissertation, nor a practical report.
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Stages in Conducting a Management Research Report
- Literature search – this stage is intended to make sure that you are in lined with your research and in writing in relation to a particular subject matter. This is important to help you understand about the topic that you are researching on, about framing the questions that you would want to ask to your respondents, and about interpreting the findings of your research. This will also form a basis of a literature review section which is considered to be one of the essential or crucial element in the report.
- Empirical work – this may involve primary and secondary data collection or a combination of the two. Primary data collection involves questionnaire surveys, focus groups, interviews, etc. While secondary data collection involves market figures, company records, etc.
- Analysis and writing up – in this stage, you begin to draw your project and produce your report. This can only be written once the empirical research has been finished.
How do you structure a management research report?
You should have a title, an executive summary which provides an overview of your project as a whole, table of contents that has a list of the main sections and subsections, introduction that introduces the rationale of the project, terms of reference that provides an explanation of the aim and objectives of the report, a literature review that draws the recent specialist academic literature, a methodology that describes what you did to research you chosen topic, an analysis of the result which presents an analysis of the findings, a conclusion that explain what you have concluded from the analysis, a recommendation, an implementation plan, the appendices, and the reference list.
What are some of the essential tips when writing for a management report?
Set your goals and objectives, prick the right key performance indicators for your audience, take customer feedback into consideration when writing the report, tell a story using the data that you have presented, make your report visually pleasing, make your report clear, you can make use of the digital tools, balance your data visualizations, make your report scannable, deliver real-time data, try predictive analysis, keep your dashboards actionable, develop your reports collaboratively, observe cohesion and consistency, compartmentalize the data, create a scannable timeline, explore analytics tools, encourage data-driven culture.
If you want to see more samples and format, try to check out some of the management research reports samples and templates provided in the article for your reference.
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