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Executive summaries are important as a communication tool in both academia and business. For example, members of Texas A&M University's Department of Agricultural Economics observe that "An executive summary is an initial interaction between the writers of the report and their target readers: decision makers, potential customers, and/or peers.
Business plans that identify and target internal goals, but provide only general guidance on how they will be met are called strategic plans. [7] Operational plans describe the goals of an internal organization, working group or department. [8] Project plans, sometimes known as project frameworks, describe the goals of a particular project.
After this, the author narrows the discussion of the topic by stating or identifying a problem. Often, an organizational sentence is used here to describe the layout of the paper. Finally, the last sentence of the first paragraph of such an essay would state the thesis the author is trying to prove.
The informative abstract, also known as the complete abstract, is a compendious summary of a paper's substance and its background, purpose, methodology, results, and conclusion. [23] [24] Usually between 100 and 200 words, the informative abstract summarizes the paper's structure, its major topics and key points. [23]
Economic impact analyses are often used to examine the consequences of economic development projects and efforts, such as real estate development, business openings and closures, and site selection projects. [14] The analyses can also help increase community support for these projects, as well as help obtain grants and tax incentives. [15]
Business analysis is a professional discipline [1] focused on identifying business needs and determining solutions to business problems. [2] Solutions may include a software-systems development component, process improvements, or organizational changes, and may involve extensive analysis, strategic planning and policy development.
Strategic planning is an organization's process of defining its strategy or direction, and making decisions on allocating its resources to attain strategic goals.. Furthermore, it may also extend to control mechanisms for guiding the implementation of the strategy.
According to the Project Management Institute, a business case is a "value proposition for a proposed project that may include financial and nonfinancial benefit." [ 4 ] Business cases can range from comprehensive and highly structured, as required by formal project management methodologies , to informal and brief.