Explain an executive summary as a preliminary part. Read and analyze the following executive summary of a report written on the implementation of a secure intranet.
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Braden Inc., a small but growing manufacturing business, has been operating in Indianapolis, Indiana, for ten years. Darren Russell, the president, considered the implementation of a website for the company. He had concerns about the cost to create and maintain an effective site. Russell established a team to study the possibility of setting up a company website at an affordable cost.
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The team conducted research using primary and secondary research methods. Current literature was examined, and a survey was conducted through a Chamber of Commerce membership list of 50 small business owners of various companies in the metropolitan area that had a company website.
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The report discussed the following topics related to the initiation of a company website: (1) benefits to be gained, (2) challenges in development and maintenance, (3) projected costs, and (4) guidelines for getting started. Detailed conclusions of the study can be found in the full report.
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The study concluded that intranets have become extremely popular because of the various benefits they offer. Potential problems of intranets can be addressed with recommended security measures. Braden Inc. should proceed with plans to establish a secure intranet.
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What will be an ideal response?
Answers will vary. The executive summary (also called the abstract, overview, or précis) summarizes the essential elements in an entire report. This overview simplifies the reader's understanding of a long report and is positioned before the first page of the report. The executive summary presents the report in miniature: the introduction, body, and summary as well as any conclusions and recommendations. Thus, an executive summary should (1) introduce briefly the report and preview the major divisions, (2) summarize the major sections of the report, and (3) summarize the report summary and any conclusions and recommendations. Pay special attention to topic sentences and to concluding sentences in paragraphs or within sections of reports. This technique helps you write concise executive summaries based on major ideas and reduces the use of supporting details and background information.This executive summary provides a background and explains the problem leading to the need for the study. It presents the purpose of the study and identifies the person authorizing it. The methods used to solve the problem are described, but more could be said about the types of secondary sources used. Major sections of the report are mentioned, but the findings are very brief. The conclusions and recommendations should have been included more specifically. The writing style is succinct and appropriate for the purpose. REJ: Please see the section "Parts of a Formal Report" for more information.
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What will be an ideal response?
The book states that BOP strategies often fail. There are as many reasons for failure as there are reasons for success. The book explicitly states to "fail early and fail fast." Why is this advice important for social entrepreneurs?
A. It offers an "escape route" for risky ventures. B. It suggests that BOP strategies are destined for failure and therefore a success is a real "win." C. It suggests that a lot can be learned from failures, lessons that sow the seed of success for the next venture. D. It means the faster you fail, the more the investors will get back out of the venture. E. It suggests that if you think you might fail, get out early and recover your losses.
An ambiguous word is one capable of having more than one meaning in the context of the facts
Indicate whether the statement is true or false
Carpenter Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1500 units. The costs and percentage completion of these units in beginning inventory were: Cost PercentCompleteMaterials costs$6100? 60% Conversion costs$9400? 55% A total of 9150 units were started and 8000 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Materials costs$95,900? Conversion costs$170,100? The ending inventory was 85% complete with respect to materials and 70% complete with respect to conversion costs.How many units are in ending work in process inventory in the
first processing department at the end of the month? A. 1350 B. 2650 C. 7650 D. 1150