What is an executive summary?
An executive summary is a brief synopsis of a longer piece of information. It highlights the most important points in the whole piece, synthesising them into something smaller to help readers understand the main points without reading the entire document. They can help people to make quicker decisions.
They’re especially useful for stakeholders, investors, and business executives, for example.
Business plans can be long-winded, but executive summaries can give a snapshot view or window into what the full thing entails. The same is true for investment pitches and strategic management documents. Executive summaries can be more presentable if you’re short on time, as the summary is easier to digest.
What should an executive summary include?
A good executive summary should include several key elements that guide the reader through the main ideas and any suggested actions. You could include the following:
- Problem statement.
State the main issue or challenges the document addresses. Essentially, you’re covering what, why, and who in a nutshell.
- Objectives.
Outline the main goals or outcomes the project or proposal aims to achieve. This gives the reader context, as well as expected outcomes.
- A proposed solution.
Summarise the approach or strategy needed to address the issue/problem. This can include actions, methods, or innovations you’re proposing.
- Value added.
Explain the benefits your solutions provide. Will they provide any potential cost savings? Do they increase efficiency? Include anything that demonstrates why your proposal is worth their attention.
- Next steps.
Conclude with a brief outline and what needs to happen next. For example, does anything need approval? Also, what are the timescales? Are there any suggested follow-up meetings? This shows the direction you want to follow.
Executive summary examples.
You can use executive summaries in a variety of professional settings where complex information needs distilling into smaller parts for quick communication. Let’s look at some executive summary examples.
Executive summary example for a business plan.
Executive summaries in business plans are essentially quick pitches to interested parties, whether it be investors or stakeholders.
It outlines the company’s mission, product, or service, identifying gaps in the market, financial promise, and strategy. It should be convincing enough to get the readers’ interest on why the proposed suggestions will succeed. You don’t have long, so grab their attention, and grab it quick.