Today on the message boards gokubi posted a great best practice idea for initiating actions directly from a report.

The way Salesforce's reporting tool works is that you click through to view the record but it's one more click if you want to edit it or delete it. Gokubi created a custom formula field for edit, delete, and add to campaign which can be added as a column to your custom reports.

To see how he did it read the full post on his blog.