Project 5 McCormick Workbook (Financial Decision MakingFor Managers)

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MBA620Project5PrepareanexecutivesummaryTBSnt.docx

Prepare an executive summary

Now that you’re concluding your project for McCormick & Company, please prepare an executive summary based on your analysis and recommendations from the previous steps. This  executive summary , along with citations for any sources you use, should be about one page in length.

Within your executive summary, I'd like you to highlight your analysis and recommendations to help McCormick & Company identify areas of improvement in their operations and explore options to make cost of capital decisions based on capital budgeting.

Can’t wait to see the summary and presentation

SAMPLE EXECUTIVE SUMMARY:

Executive Summary

Purpose of Report The City of Savannah’s recycling program was designed and implemented in order to meet the city’s civic responsibilities and to comply with the State of Georgia’s Comprehensive Solid Waste Management Act as it relates to aluminum, glass and plastic containers. The purpose of this report is to:

· Determine the degree of public awareness of the recycling program

· Suggest ways to increase citizen participation in the program

Methods A questionnaire survey was conducted to assess the community’s current recyclying habits and to ascertain the degree of participation in city’s program. A total of 1,041 responses were analyzed. Because Savannah’s recyclying program collects only aluminim, glass and plastic containers, these were the only materials included in the survey. Findings and Conclusions A substantial majority (64%) of respondents rated recycling as “Important” or “Very Important.” A lesser percentage (38%) indicated that they currently recycle at work. An even smaller percentage (17%) particicpate in the city’s program. Two major reasons for their non-participation were highlighted: 

1. Not knowing the location of the city’s recycling centers

2. Lack of convenient acccess to the recycling centers

Results of this study indicate that citizens view recycling as important and will do so when convenient. However, locations of the city’s recycling centers are either unknown or too inconvenient for the program to achieve the desired level of participation. A substantial effort needs to be made to overcome these barriers. Recommendations for Increasing Participation Cost-effective, scalable recommendations include:

· Increasing promotion of the city’s recycling program through a coordinated campaign of PSAs.

· Relocating recycling bins and adding attractive signage

· Doubling the number of recycling bins

· Developing an incentive program for business participation

Subheadings The summary’s subheadings should reflect  the report’s main divisions. Subheadings of the executive summary should not be worded the same as those of the main report. Purpose Statement  Provide purpose of the report in a concise format using present tense.

Findings & Conclusions Results are reported in condensed form without reference to tables or appendices. Lists are used when possible.

Recommendations Recommendations should also be in list form as much as possible.