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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