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Breakthrough New Behavioral Finance-Based Leadership Assessment Launched by Perth Leadership


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Date: October 18 2011

(Gainesville, Florida, October 18, 2011) Being able to predict the income statement of a company based on the behavioral characteristics of a leader or leadership team has long been the Holy Grail of leadership development. A breakthrough new assessment from Perth, FinSim IS, achieves this goal.

The Perth Leadership Institute, the industry thought leader in business acumen assessment and development programs, today announced that it has released FinSim IS – The Behavioral Income Statement Predictor. This assessment product is based on ten years of field work and research by the Perth Leadership Institute. The approach is based on a behavioral finance framework developed by the Institute.

FinSim IS uses data from behavioral assessments developed by Perth to identify and measure the Financial Signature™ and Financial Mission of executives and executive teams. Through its proprietary approach it is able to link these behavioral characteristics directly to financial metrics in a standard income statement. It can show how different behaviors impact these metrics differentially so as to be able to predict the likely profitability for different executives based on the financial styles.

According to Dr. E. Ted Prince, Founder and CEO of the Institute, "One of the ultimate goals of leadership assessment has been to predict profitability in quantitative terms based on the behavior of a leader or leadership team. This is precisely what FinSim IS achieves. The product is a game-changer in the leadership space. It has no competitors. We predict that this will be transformational in many areas including not only leadership development, but also in recruitment, promotion, corporate strategy and company valuation analysis. It will find use in areas such as M&A, stock prediction and investment analysis."

The Perth Leadership Institute has developed innovative approaches to leadership styles and financial impacts based on its research into business acumen. These form part of its business acumen assessment and development programs for managers and executives. It has developed business acumen assessment instruments, such as the Financial Outcome Assessment®, used by executives and managers to increase their financial and valuation impact.

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.