There aren't many disadvantages of business reports as they allow a business to convey what their targets and goals are, and whether they've successfully met these targets.
That being said, here are a few disadvantages of a business report (although some might be considered trivial):
- Reports tell the story of whether goals have been met. This is great if a company has met big goals, but reports can be misleading if the goals aren't big enough. Completing easy targets looks great on a report, but in reality, a business may be selling itself short.
- Inaccurate information can completely negate the point of business reports. Human error can lead to a report showing facts and figures that aren't actually facts or correct figures. This is an issue as the whole point of a business report is to show an honest assessment of progress.
- Over selling progression is a trap that people can fall into when compiling business reports. Honesty is an important factor of self-assessment, and business reports become useless if negative issues are ignored.
As you can see, there aren't a lot of disadvantages of business reports.
They allow a business to honestly assess its progress. The main disadvantages of business reports is that they can encourage misleading data and information, which in turns negates the point of creating a business report in the first place.