What are the essential component for management reporting?
Answers
Answer:
A successful management reporting process contains several key elements. Your program should begin with accurate, healthy data and metrics to support core business strategies and initiatives to specific stakeholders.
The answer is stated below:
Explanation:
Management reporting is the reporting which is used by the management in order to run the organization, make the decisions of the business as well as monitor the programs.
This helps the manager in monitoring the details of the department, even the smaller details. For example, if management fail to remove or erase the data for the product which got discontinued will negatively distort the pool of the data.
The component of management reporting are that the program need to start with metrics, accurate as well as healthy data in order to support the business strategies.
Data need to support the short term as well as long term vision of company and also have reliable source.