White Paper Argues that Recession is a Major Opportunity to Transform Leadership Development
(Gainesville, Florida, February 4, 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 White Paper on the current economic downturn and its impact on leadership development practices and programs. The White Paper argues that while recessions typically see a reduction in leadership development programs, there are good reasons for it to be different this time as long as HR and leadership development professionals take the initiative.
The approach in the White Paper 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, “Recessions normally see a reduction in leadership development programs and spending since companies typically do not have confidence that these programs can provide short-term solutions to the financial issues that must be addressed. However companies have an unparalleled opportunity to transform both leadership development programs, and the way that they are viewed by their companies by rapidly introducing programs to modify financial behavior, including business acumen programs. These have the potential for rapid financial impacts to help companies in the short-term and to position them better financially for the medium-to-long term.”
The Perth Leadership Institute has developed new business acumen assessments based on its research. These form part of its financial performance training and improvement programs 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 and to improve individual and team financial performance at the middle and senior levels of organizations.
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