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What Is a Business Activity Report?
A business activity report is an educational piece of writing that focuses on examining a particular subject. It accomplishes a variety of tasks depending on its objective. It could be a report on performance, a report on a site, or a tracking report. It relates to the various operational operations that must be examined within the organization. It is typically initiated at the direction of the management or via a memo. Thousands of businesses have embraced or studied the feasibility of adopting ABC, according to research. However, we estimate that less than 10% of them now employ activity-based management in a sizable portion of their operations.
Benefits of an Activity Report
Marketing activity is hierarchical. Top management makes critical decisions and formulates goals and objectives that must be accomplished through successful marketing. Managers are second-level personnel responsible for developing plans and strategies and then allocating work to subordinate employees. These subordinate employees are primarily field personnel who directly contact the brand or product’s target, consumers. Among all marketing professionals on the ground, salespeople play a unique role in bridging the brand-consumer divide.
They are the ones who visit door-to-door, speak with customers about a product, describe its features, ask pertinent questions and, while responding to consumers’ queries and doubts, demonstrate the outcome if appropriate, and solicit feedback from end-users. In the worst-case scenario, when users are dissatisfied with the product’s performance, these salespeople bear the brunt of the criticism. Thus, salespeople are the ground-level professionals who truly understand a product’s acceptance, performance, and associated consumer behavior. An activity report is a consolidated summary of each salesperson’s activities over a specific time. The report includes all necessary information, such as the initial sales target, the percentage of sales achieved, the number of customers visited, new customers acquired, the number of demonstrations given, customer feedback statements, other work details, and the dates associated with such activities. This report provides marketing managers insight into the salespeople’s level of commitment, dedication, and professionalism. Above all, it gives insight into a salesperson’s potential ability to persuade a customer and sell a product.
This enables salespeople to acquire the necessary training, coaching, and assistance to increase their quality and consistency at work. Typically, salespeople complete activity reports and submit them to their immediate superior, who reviews them and passes pertinent findings to the next level in the hierarchy. Thus, senior management gains a realistic picture of the current situation and formulates subsequent plans accordingly. Marketing managers or mid-level executives develop their plan of action based on additional projects and reassign relevant jobs to salespeople. This cycle is repeated until the organization’s overall aim is attained. Apart from keeping track of a salesman’s activities, an activity report assists with the following:
Types of Business Reports
After extensive research, the collection of all pertinent facts and information, and thorough examination and analysis of a query relating to the past or present, the submission of conclusions backed up by statements and other pertinent data, etc. is referred to as a report, which makes recommendations for resolving the problem studied. A report is a formal communication created for a specific purpose; it contains information about the techniques used to collect and analyze data, their relevance, the findings reached, and, if necessary, recommendations. The report’s statement is required to assess progress and plan future action. Reports provide feedback to an organization that can be used to direct future activities. The reader may scan it or read the abstract, conclusions, or recommendations in certain circumstances. It may be referred to repeatedly and is, by definition, more formal than an oral report. The following are the several sorts of reports used in business:
1. Informational reports
These reports detail the facts of a particular activity without making any observations or recommendations. Whatever information is acquired is reported without explanation or suggestion. A vice-chancellor inquiring about the number of candidates sitting for a particular examination seeks simply factual data and does not comment. Generally, these are routine reports. They may occasionally come under the statutory routine category. A company registrar requesting an allotment return within the specified time is standard information, falling under the statutory but customary reporting category.
2. Statutory reports
These reports must be prepared by the requirements of specific legislation, rule, or custom that has become a rule. Auditor reports to the company registrar must adhere to the country’s legal standards. A factory’s return on compensation given to factory workers over a particular time must be presented to competent authorities periodically. These reports are usually prepared in the format specified by the rules.
3. Routine reports
Reports like this are expected to be written and submitted periodically on subjects deemed necessary by the organization to assist the management in making day-to-day business decisions. The primary purpose of routine reports is to inform management of what is occurring in the organization, how it progresses, where deviations exist, what steps have been taken to resolve issues, and what must be done to ensure the company runs smoothly and efficiently. Routine reports are often brief. They present only the facts. Typically, such papers contain no remarks or explanations. Generally, forms for the creation and submission of such reports are prescribed.
4. Non-statutory reports
Because these reports are not like legal or regulatory requirements, they must be written and submitted. These reports must be prepared and offered for the following reasons: administrative and other conveniences, decision-making in a matter, policy formulations, future projections, or anything else similar so that efficient and smooth functioning can be assured. Proper and necessary decisions can be made to ensure that everything goes well and the organization’s objectives are met with assured success.
5. Analytical reports
These reports include facts and analytical explanations provided by the reporter or requested by the person obtaining the report. These reports include a narrative of facts, gathered data and information, classified and tabulated data, and an explanatory note following the conclusions or interpretations reached. A company’s chairman may request information about declining sales trends in a particular area. In this instance, he will naturally be interested in learning all the specifics, including the investigator’s conclusion.
6. Special reports
This type of report is needed to be written and filed on rare occasions. In a factory, an accident resulted in the death of the foreman. The manufacturing manager may request an in-depth report from the foreman in charge. This kind of report is recognized as a unique report. These reports may include not just data and details but also suggestions, opinions, and explanations.
How To Write a Business Activity Report
The following are some helpful hints for creating a business activity report:
Step 1: Clarify Your Goals
Before beginning the report writing process, analyze your intents by identifying your objectives. Starting with an end goal enables you to determine the course of action necessary to achieve that objective. When you are assigned to write a business report, the subject of the assignment becomes your focus. Analyze whether you’ll be required to offer plan recommendations, submit a status report on a project, or conduct a procedure comparison, among other things.
Step 2: Collect the Required Documents
Now that you’ve determined the subject of your report, you can begin gathering the data necessary to complete the work. If you want the outcome of your account to be thorough, accurate, and focused, start by gathering information regarding the report’s objective. This is not something that can be implored up via observation; credible sources are required. For instance, if you’re required to present a report detailing your department’s market performance, you may wish to request access to your office’s sales numbers. If you need an outside perspective from your clients, you may want to conduct questionnaire-based surveys. Additionally, you may wish to obtain copies of the budget plan, financial report, or activity log. This enables you to create accurate information on the details of your assignment.
Step 3: Create a Content Map
When it comes to creating business reports, there is no set framework because each one is unique in its purpose. A strategy report is distinct from an evaluation report. Refer to your objectives and determine what information should be included in your content. To assist you, organize your acquired data into distinct groups or sections. They could function as subtopics for your primary plan. You can use these sections as headings to help you divide the content into different sections and create a well-structured manuscript. Concept maps are particularly beneficial for kids who learn visually, but they can benefit any learner. They are a practical study approach because they assist you in seeing the big picture. By beginning with higher-level concepts, they enable you to chunk knowledge based on significant relationships.
Step 4: Conclude Significant Points
After you’ve organized everything into a logical flow of information, give a summary of your main points. Identify the report’s highlights and incorporate them in a section that quickly summarizes them. Because you’ve given them the answers they need, it is easier for them to review your report. They’ll be relieved to know that the relevant details are already in an excellent outline or bullet list, rather than going through every page of your work. They’ll merely skim the pages for process information and background information.
What is a commercial activity?
Firm activities encompass all actions undertaken by a business with the primary objective of profit maximization. This is a general name that indicates all economic activity carried out by a firm.
What is the purpose of a weekly activity report?
A weekly activity report encourages employees to consider how their work contributes to the project’s overall progress or the team’s and organization’s success. Rather than responding to an event, they will take a long-term view of their responsibilities.
What is the purpose of a daily activity report?
A daily activity report is one of the primary assessments used to keep clients informed about their service and product chores, by management to monitor employee performance, and occasionally as a piece of solid evidence when required.
Business activity reports keep every job in the firm informed of critical operational issues. This enables them to create a plan that addresses the report’s suggestions or capitalizes on its positives. Additionally, it is an important archival document that will serve as a vital source of knowledge soon. If interested, take advantage of any of our business activity report templates!