The business reports are essential in different aspects, which are as follows. 1. To investigate available and potential remedies for a condition, issue, or problem. 2. To use business and management theories to generate various improvement suggestions. 3. Demonstrate your critical thought, evaluation, and analysis capacity by identifying and considering potential consequences and solutions. 4. To draw judgments regarding a situation or topic. 5. To generate a variety of actionable proposals for the future.