An executive summary, or management summary, is a short document or section of a document, produced for business purposes, that summarizes a longer report or proposal or a group of related reports in such a way that readers can rapidly become acquainted with a large body of material without having to read it all. It is intended as an aid to decision-making by managers and has been described as the most important part of a business plan. An executive summary differs executive summary of a business plan pdf an abstract in that an abstract will usually be shorter and is typically intended as an overview or orientation rather than being a condensed version of the full document. Abstracts are extensively used in academic research where the concept of the executive summary is not in common usage.
An abstract is a brief summarizing statement read by parties who are trying to decide whether or not to read the main document”, while “an executive summary, unlike an abstract, is a document in miniature that may be read in place of the longer document”. There is general agreement on the structure of an executive summary – books and training courses emphasise similar points. Executive summaries are important as a communication tool in both academia and business.