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Creating a manual requires a dedicated effort from the senior management and ownership of the business right through to all the employees of the business. The manual itself will ultimately contain all the intellectual knowledge of all the people in the business.
To successfully complete the manual requires firstly decisions to be made about structure of the end product before a method of creation is chosen. The users of the manual in the end are present and future employees of the business. If the manual is created in such a way that the users are unable to find information or the structure is confusing then the intention of the manual may be lost.
Alternatively a business may look to hire a business analyst or technical writer to assist with creating their manual.