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LOS ANGELES, California
-- Solution Sage, the developer of the innovative Internet-based
Family Business Assessment tool, today announced the addition of
a recommendation section to the report produced by the assessment
system. In addition to the specific analysis of strategic and succession
risks and strengths in the report, the new recommendations section
is customized based on the findings in the assessment and provides
specific steps business owners and their advisors can implement
to improve their strategic and succession readiness.
"Our clients have been asking
for recommendations almost since we debuted the Family Business
Assessment last year," said Dr. Ralph Daniel, the chief architect
of the Solution Sage assessment system. "We're very pleased
to be offering it now as a standard part of the Solution Sage reporting
package."
The recommendations focus on the most
serious strategic and succession risks uncovered by the Family Business
Assessment. Broad goals are identified, supported by specific actions
and strategies that the family business can begin addressing and
implementing immediately. Also new in the report are suggestions
for using the firms strengths in addressing its strategic and succession
risks. Another addition is specific instructions and suggestions
for dealing with issues in the firm for which there was a large
difference of opinion detected by the assessment.
"This is a robust strategic business
assessment that has been perfected over several years by family
business professionals who are expert in their field," said
Nelson Dodge, one of the developers of the online assessment system.
"This new recommendation section, which took us nearly a year
to create and integrate into the reporting system, makes this a
very complete assessment process for a family business beginning
to plan for succession or wanting to assess their strategic options,"
Dodge explained.
A complete sample of the newly expanded
Solution Sage report may be viewed at http://www.solutionsage.com/sample.shtml
The Family Business Assessment began development
in the late 1990s and was automated and made available via the Internet
in early 2002. Since then it has been used by family businesses
and their advisors extensively throughout the United States, and
has also seen usage by family businesses in over 20 countries internationally.
The Family
Business Assessment is available free of charge to family owned
businesses via the Internet at www.solutionsage.com.
For more information, visit the web site or call (800) 952-2324.
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