Perth Leadership Institute Announces White Paper on the Role of Business Acumen in Leadership Development
White Paper Identifies Major Gap in Leadership Development Programs and Shows How to Address It
(Gainesville, Florida, October 1, 2007) The Perth Leadership Institute, the industry leader in business acumen assessment and development programs, today announced the availability of its White Paper into the role of business acumen in leadership development programs. The White Paper shows that business acumen assessment and development needs to be included in leadership development programs to increase their effectiveness, highlights the distinction between business acumen and business literacy training 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, “Leadership development programs in general have ignored the crucial issue of business acumen and have therefore not addressed a key issue for business managers and executives. Some companies have started to try to address this issue but instead have introduced business literacy programs, which still does not address the issue. Our White Paper is our attempt to show to companies the importance of the issue and to provide practical steps to address it. Companies that do this will significantly improve the effectiveness and relevance of their leadership development efforts.”
The Perth Leadership Institute has developed new leadership 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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