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". "An abstract is a brief summarizing statement. Abstracts are extensively used in academic research where the concept of the executive summary is not in common usage. It differs from 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. Īn executive summary was formerly known as a summary. It is intended as an aid to decision-making by managers and has been described as the most important part of a business plan. It usually contains a brief statement of the problem or proposal covered in the major document(s), background information, concise analysis and main conclusions. It 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. An executive summary (or management summary, sometimes also called speed read) is a short document or section of a document produced for business purposes.
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