...Executive Summary: Organizational Focus & Goals Derron Venerable University of Phoenix HRM/326 MARIBEL HINES September 15, 2014 Introduction The purpose of an Executive Summary is articulate a full report with the least amount of words possible depending on the size and nature of the issue. In most cases executive summaries serve as a report for executives who do not have the time to read the full report; therefore, the summary will give the executive the information that he or she needs to understand the objective, the issue(s), and the plan(s) in place to solve the issue(s). The following summary is focusing on an on-going overtime issue that one of the company’s branches is having. Focus and Goals The current focus at this particular location is to complete the daily task in the fastest most efficient safest way possible. The goals are to minimize or combine the current routes, run the routes from the closet point to the furthest and create a benchmark for each driver to attempt to meet in a safe but efficient manner. The research states that if the routes are done in a sequence form from the closet point to...
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...An executive summary, sometimes known as a management summary, is a short document or section of a document, produced for purposes, that summarizes a longer report or proposal or a group of r business elated reports in such a way that readers can rapidly become acquainted with a large body of material without having to read it all. 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 is intended as an aid to decision-making by managers[1][2] and has been described as possibly the most important part of a business plan.[3] They must be short and to the point. An executive summary differs from an abstract in that an abstract will usually be shorter and is intended to provide a neutral 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 would be meaningless. "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".[4] An executive summary differs from an abstract in that an abstract will usually be shorter and is intended to provide a neutral overview or orientation rather than being a condensed version of the full document. Abstracts are...
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...Executive Summary The purpose of an executive summary is to summarize a report. Executive summaries are written for executives who most likely do not have time to read the complete document. Therefore, the executive summary must cover the major points and be detailed enough to mirror the content yet concise enough for an executive to understand the substance without reading the entire report. An executive summary differs from an abstract. Readers use an abstract to decide whether to read the complete document. They read an executive summary to obtain information without having to read the report in full. The executive summary should be written as a document that can stand on its own and is usually written on one or two pages, depending on the length of the report. It restates the purpose of the report and describes any results, conclusions, or recommendations made in the report so that the reader understands the reasons for the conclusion or recommendations. Acronyms, symbols, and abbreviations must be written out. Tables and figures in the report should not be referred to by number in the executive summary. The audience for an executive summary is receptive to the message, so the writer should assume that the audience wants to know and understand the message. It is written in a formal tone using an impersonal style and eliminating first person pronouns (I, we, our, etc.). Use the following guidelines when writing an executive summary: • • • • • State clearly the purpose of the...
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...Good and poor examples of executive summaries This is a GOOD example from an Accounting & Finance assignment. Footnote Executive Summary This report provides an analysis and evaluation of the current and prospective profitability, liquidity and financial stability of Outdoor Equipment Ltd. Methods of analysis include trend, horizontal and vertical analyses as well as ratios such as Debt, Current and Quick ratios. Other calculations include rates of return on Shareholders Equity and Total Assets and earnings per share to name a few. All calculations can be found in the appendices. Results of data analysed show that all ratios are below industry averages. In particular, comparative performance is poor in the areas of profit margins, liquidity, credit control, and inventory management. The report finds the prospects of the company in its current position are not positive. The major areas of weakness require further investigation and remedial action by management.Recommendations discussed include: improving the average collection period for accounts receivable· improving/increasing inventory turnover· reducing prepayments and perhaps increasing inventory levels The report also investigates the fact that the analysis conducted has limitations. Some of the limitations include: forecasting figures are not provided nature and type of company is not known nor the current economic conditions data limitations as not enough information is provided or enough detail...
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...[Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.] [Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.] Electronic Discharge Summary EXECUTIVE SUMMARY Electronic Discharge Summary EXECUTIVE SUMMARY S. CHANDE, C. CHAHAL, N. GANDHI, A. HUSSEIN, K. MANOHARON. N. NURU S. CHANDE, C. CHAHAL, N. GANDHI, A. HUSSEIN, K. MANOHARON. N. NURU THE PROPOSAL There were 15 million discharge summaries produced for admissions into hospital last year. A staggering 80% of these were found to be inaccurate or incomplete and another 70% of these were reported as being severely delayed on a regular basis. This compromise to clinical care and patient safety is simply unacceptable. Our empirical market research has found that the majority of junior doctors, the principal users of discharge forms, were unhappy with the current systems in place. It has also been reported that on average junior doctors spend more time carrying out admin duties than in formal training and teaching sessions. There are electronic discharge systems present however, these have been described as insufficient as they lack comprehensive coding and in some circumstances...
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...time frame allotted. 3The third assumption made by Kelly was that he assumed AcuScan would not have the staff to develop a new product because of lay-offs the previous year. 4Finally, he assumed Pat did not have the technological experience since his past experience was with the cereal business. Pat Lambert - Director of Marketing 6-9 Assumptions Pat is not without fault. 1His assumptions led him to believe that the new product would be a simple addition to the product line. 2He also assumed that the programmers had plenty of time to work on new product even with staff cuts in the previous year. 3His third assumption was that because others were not agreeing with him they were not committed to the new product. 4Pat assumed that the job could be done by outside contractors in the time frame called for. 5As with many project managers, Pat assumed a meeting would resolve all problems. 6As far as the customer is concerned, Pat assumed they would be happy with whatever product was developed and launched since AcuScan has been an industry leader for a decade. 7Finally, Pat assumed Kelly was against him since Kelly questioned his QC experience and knowledge. Cliff O'Connor - CEO 2-3 Assumptions As CEO, Cliff does not have an easy job and has made some assumptions of his own. First, he assumed Pat's history in marketing for a cereal industry would enable him to produce the new product for AcuScan. Next, he assumed the staff would work together to overcome any hurdles for...
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...University of Phoenix Material Case Study Assignment Assignment Overview PREPARE A REPORT FOR THE CEO OF ACUSCAN ABOUT THE SITUATION DESCRIBED IN THE GEN 480 CRITICAL THINKING CASE STUDY. YOUR REPORT SHOULD INCLUDE THE FOLLOWING TWO PARTS: 1. Part One: Respond to the specific questions on the worksheet that follows (100 points possible). 2. Part Two: Write an executive summary for the CEO of AcuScan. (100 points possible). PART ONE: USE THE CASE MATERIALS TO COMPLETE THIS ASSIGNMENT. Analysis 1. Describe all assumptions seen in any of documents provided in the case study. For full credit, provide AT MINIMUM: four to six assumptions held by Kelly; six to nine assumptions held by Pat; two to three assumptions held by Cliff; two to three assumptions held by Chris. a. Kelly- the Senior Engineer is perhaps the most realistic of the employees. The statement in the February 19, 2003 email explaining, “I can design one feature completely and make it work by August," is credible (UOP, 2003, p. 17). After all, the same email explains that programming involves much more than key strokes. It involves planning, testing and quality control (p. 17). In the previous February 19, 2003 email to Chris, Kelly explains how difficult it is for the programming staff to maintain existing services and find time for something new (p. 16). While programming staff was dramatically reduced in the year prior, Kelly’s belief might be partially fallacious. If the new project...
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...Purpose and Scope The purpose and scope of this document presents the facts and issues surrounding Operation Optimize and the conversations held between department managers and the issues that have come from those conversations. This executive summary will summarize the situation as a whole, and formulate conclusions and present recommendations for courses of action to be taken to correct the problem to best suite AcuScan. Summary of the Situation The initiation of Project “Operation Optimize” has not started off on a good note with many, and has not progressed far as there is a disconnect in communication between department management. The competition is quickly approaching the launch of their product to the market as a breakthrough product for the retail market. With the declining economy and still the company still growing, AcuScan must enter the retail market in order to survive. The launch of a new product since the inception of the company could be essential to the survival of and further success of AcuScan, Inc. The departmental issues are in no way helping the company beat the competition to the August deadline, in fact the company will not meet the deadline with agreements are not made soon. With the required budget cuts looming over the departments with the promise not to cut jobs, along with the time constraints the department managers are not assisting one another in the progression of this project. To remedy the situation and get “Operation Optimize”...
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...A case study for a manufacturing company called AcuScan, Inc was fulfilled. The case study involves "Operation Optimize" which plans to bring a new retail iScanner to the market. The study is given in two parts. The first part summarizes the case study and provides the assumptions, arguments problems, and issues of the situation. The second part is an executive summary written for Cliff O'Conner, CEO at AcuScan, Inc. including recommendations for a solution for the company's crisis. Assumptions Four employees that are employed at AcuScan and are involved in this case study they are the following; Kelly Thomas, Chief Engineer of Products Software, Pat Lambert, Director of Marketing, Cliff O'Connor, CEO and Chris Martinas, Vice President of Product Development. The assumptions of each employee are recognized and discussed starting with Kelly Thomas. Kelly feels the budget and timeline to be impractical and thinks Optimize is putting the company on the line. He assumes that only one feature of the Optimize application can be developed by the company's dead line of August first. Based on his conversations and e-mails with Chris, Kelly believes that together the iScann project and financial plan are at risk. Kelly assumes that quality control is of greatest significance for this project. The company's reputation is at stake with new product development and should not be defined exclusively by the marketing department. Pat had an idea for the Optimize that came to her one evening...
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...AcuScan Executive Summary The project began to lose momentum when the Senior Engineer, Kelly Thomas, expressed concerns over some unrealistic expectations. Kelly claimed that several project requirements were overly optimistic and pushed back on the project proposal, claiming that such a product could not be delivered by the August deadline. Based on this reaction, Pat concluded that contractors needed to be hired in order to work around the staffing constraints in the engineering department, and increased the project budget request by about $250K. Emails between the Director of Marketing and the Senior Engineer indicate that important issues need to be addressed before problems between the departments escalate to a point that will make it difficult to reconcile differences and work together in order to ensure the success of the project. Key Points Relating to the Situation •Sales and service revenues have led to budget constraints which add restrictions to project funding. •Both departments are experiencing stress due to limited resources, pressure to cut costs, and expectations to deliver a new product before the end of the year. •Each department head is operating independently and not working together to collaborate as a team. •A lack of trust and respect has developed between the departments heads due to poor communication. •Decisions are being made based mainly on rather than performing formal research and analysis Conclusion The success of “Operation Optimize”...
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...surpass; ii. That creativity and innovation is necessary for this project; iii. That the iScanner will not leave the market; iv. That the budget can be managed without layoffs; and v. That more can be produced under the new budget. d. Chris Chris also makes significant assumptions, including: i. That layoffs would not work to cut costs; ii. That costs need to be cut in this department; iii. That product development can produce the same output on the new budget; and iv. That the project will be a success. 3. Explanations of arguments a. Cliff O’Connor Mr. O’Connor makes the argument that because sources have reported that there is a significant chance that competitors are improving their products, that AcuScan should work to enter the market. He further argues that it is necessary...
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...Critical Thinking Case Study GEN/480 Interdisciplinary Capstone Course March 3, 2011 Norton Brainard III Case Study Part I: Analysis 1. Describe all assumptions seen in any of documents provided in the case study . a. Kelly: Had the assumption that with a project like this it was putting the company on the line. Furthermore the quality of service with little staff may prove impossible. Kelly also assumed that the company was only interested in putting the product out and they were not concern about Quality Control (QC). Another assumption that was pointed out is what exactly the company wanted done could not be considering the workload that they were given two years ago proved to be a challenger and the had more workers it is nearly possible now with the shortage of employees. b. Pat: Is insisted on the only way to bring the company back to where it was ten years ago is to expand and do it quickly because other are doing the same with their companies. Although he had an confidential source he think that the company Secu-A-Corp will be bring out a similar product within in months therefore he wants to move quickly. The anticipated cost he assumed was based on the initial analysis , he also added a significant amount for staffing time in order to reach a product launch goal, not taking in consideration of the changes within the staff and the fact that the company has begun to lose revenue and had to make cut back. He assumes the return on the...
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