Gainesville, Florida (PRWEB) June 25, 2008
The Perth Leadership Institute (http://www.perthleadership.org/ ), the industry leader in business acumen assessment and development programs, today announced the availability of its updated White Paper on the role of business acumen in leadership development programs. The White Paper has been re-issued due to its great popularity and the rapid emergence of a high level of interest in business acumen programs spurred by the current economic downturn. The White Paper shows that business acumen assessment and development needs to be included in leadership development programs to increase their effectiveness, shows what the main components of a business acumen program should be, highlights the distinction between business literacy training, business simulations and business acumen assessment and includes program templates that can be used by HR and leadership development executives as a basis for such programs.
The research is based on the book by Dr. E. Ted Prince, Founder and CEO of the Institute, entitled The Three Financial Styles of Very Successful Leaders, published by McGraw-Hill in 2005.
According to Dr. Prince, “We have re-issued and updated this White Paper due to high popular demand and because economic conditions have led to a high demand for such programs. Leadership development programs in general have ignored the crucial issue of business acumen measurement and assessment and have therefore not addressed a key issue for business managers and executives in developing business acumen. Some companies have started to try to address this issue but instead have introduced business literacy or business simulation programs, which still does not address the issue. Our White Paper shows companies the importance of the issue and provides practical steps to address it. This provides a radically different and innovative new tool for companies to train their people in new ways to address the profitability issues raised by the current economic downturn.”
The Perth Leadership Institute has developed new leadership assessments based on its research. These form part of its leadership development program suite for executives. These include its individual, team and C-level financial performance programs.
Perth has already announced the release of its Financial Outcome Assessment®, an online instrument which assesses the business acumen of executives and managers and shows them how to develop it.
The Perth Leadership Institute was founded in 2002 in Gainesville, Florida, by Dr. E. Ted Prince to carry out research into the linkages between behavior and company financial outcomes. Its programs are targeted at executives and managers and are used for leadership and executive development, talent management, succession planning and to improve individual and team financial performance at the middle and senior levels of organizations.
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Perth Leadership Institute
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