Modern business houses who are seriously involved in production of consumable, durable, industrial and commercial activities are facing very tough competitions from the competitors and are compelled to forecast the challenges they may have to face in the future. Business analytics plays an important role in the present business climate and the analysts have to study the past, present and future trends of the business to modify the present business condition. The analysts have to weigh both the internal and external perils of the business house to prepare a report. Business conglomerates are answerable to stakeholders, customers and suppliers. If the Chairman or the staff takes a wrong decision the impact will be extremely negative. So, critical thinking and analysis plays a vital role for surviving in this tough competition. The top management has to extract the reports from various departments, discuss and find a solution for the problems faced by the business houses.
Report That Has Valuable Information
The business enterprises have to declare financial results to the public and to its stakeholders at the end of the financial year. The public as well as stakeholders will be able to understand about business report only at the end of the financial year. The analyst will be submitting the report in a pre-defined format that will provide maximum information about the IT reports, critical analysis, formal discussion and forecast. The report will have introduction, body of content, conclusion, recommendations and bibliography. The layout of the business report will vary from one company to another and will not be universal. The report will be submitted periodically or at the end of the year. The analyst will include tables, graphics and images while preparing the report which will be of great help to the people who are reading it. The top management will take next course of action based on the inputs in the periodical or annual report. The business houses are accountable to the society at large and their actions and committed are very important. The decision maker of a company will take important decisions and the action plans based on the report.