Gainesville, Fla. — April 11
The Perth Leadership Institute, a provider of business acumen assessment and development programs, has announced the availability of its white paper that shows the need for business acumen integration with succession planning programs.
The white paper sets out a new approach to identifying and developing executives with styles that are most likely to have a high commercial impact, using formal assessment instruments developed by Perth, as a key factor for succession planning programs.
The research is based on the book by Dr. E. Ted Prince, Perth Leadership Institute founder and CEO, titled, “The Three Financial Styles of Very Successful Leaders,” published by McGraw-Hill in 2005.
“Our white paper sets out a new approach to succession planning,” Prince said. “Formal assessment instruments used in succession planning programs need to take account of business acumen, as well as the more traditional use of personality and competency assessments. This is a key to tying these programs more tightly to shareholder goals.”
The Perth Leadership Institute has developed new business acumen assessments based on its research. These form part of its business acumen training and improvement programs for executives. These include its individual, team and C-level business acumen programs.
Perth recently announced the release of its Financial Outcome Assessment, an online instrument that assesses the business acumen of executives and managers and shows them how to develop it.