White Paper on the Role of Business Acumen
Gainesville, Fla. — Oct. 3
The Perth Leadership Institute, a provider of business acumen assessment and development programs, has announced the availability of its white paper into the role of business acumen in leadership development programs.
The white paper shows business acumen assessment and development need to be included in leadership development programs to increase their effectiveness. It also 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, Perth Leadership Institute founder and CEO, “The Three Financial Styles of Very Successful Leaders.”
“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,” Prince said. “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 that assesses the business acumen of executives and managers and shows them how to develop it.