Importance of reports
importance can be understood through the following discussion:
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.
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