Perth Leadership Institute Issues Alert on the Post-Crash Environment Facing HR/Leadership D...( Alert Urges HR...),Health

Alert Urges HR/Leadership Development to Implement Post-Crash Development Programs with Explicit Business Acumen and Harder Financial Focus

Gainesville, FL (PRWEB) October 16, 2008 -- The Perth Leadership Institute (alert on the market crash and how human resources and leadership development can quickly and effectively develop a post-crash leadership strategy. The alert provides rapidly actionable, high-impact recommendations and suggests that human resources must focus on business acumen development and improving executives’ financial impact through behavioral approaches.

According to Dr. E. Ted Prince, Founder and CEO of the Institute, “The current market crisis highlights the failure of traditional leadership programs to identify and develop business acumen in leaders. This has occurred in almost all organizations and not just in financial services companies. The Perth Leadership Institute has long pointed to this critical gap in leadership development. The current financial turmoil is at least partly the result of leadership development programs that place an emphasis on people skills. These programs largely ignore the essential qualities of business acumen, such as achieving long-term profit quality, and where they do focus on these issues, it is from a financial literacy rather than a behavioral finance approach. In order to achieve sustainable competitive advantage, HR and Leadership Development executives, as well as other business executives, need to refocus their efforts
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