;As companies been in operation and accumulated quantitative, operational, and financial data, managements will typically identify and construct internal management reports, based on the managements’ own decision-making experience, to develop a more tailored management model. Major geopolitical events such as major technological changes in industry, industrial revolutions, political and economic factors (such as U.S.-China trade war in 2018), and sudden global economic recessions (such as COVID-19 in 2020), etc. are examples of major events that impact companies’ operation and can leave trails and historical management data. These data can help companies understand what might happen if faced with similar situation, and be used as companies approach unknown event, to enhance the company′s ability to face difficult situations, and make appropriate and agile management adjustments.
In this case study, taking international Company A as an example , illustrate the connection between the common management reports and the company′s operating performance. Showing how Company A was able to collect management report data effectively, and in turn, used the data to identify issues in a timely manner, and developed ways to improve the situation. The accumulated financial data and results can also provide a reference in the preparation of future management reports. The business management department has become an important part of a typical company. A good management report can improve business performance. With the trust of the company’s decision making body, the department is entrusted with role of accumulating, analyzing and develop effective and meaningful internal management reports.