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PeriscopeFELS™
FOR IMMEDIATE RELEASE
Contact:
Karen Higgins
A & E Communications for PeriscopeIQ
(484) 686-0262
khiggins@aandecomm.com
PeriscopeIQ Partners with The Metropolitan Group to Offer the Family Enterprise Leadership System (FELS)
FELS Offers an Innovative Approach to Assessing and Developing Family Enterprise Leaders
Philadelphia, PA and Bethlehem, PA - October 8, 2003 - (HR Technology Conference, Booth #519) - PeriscopeIQ, a provider of web-based transformative intelligence solutions including comprehensive online survey and performance management systems (PMS), today announced its joint partnership with preeminent family business consultants Fredda Herz Brown and Mark Rubin of The Metropolitan Group to offer the Family Enterprise Leadership System (FELS).
Long a stumbling block for family enterprises, identifying leadership talent has just become easier. FELS, a revolutionary method of assessing and developing talent among family enterprise leaders, marries research, Internet technology and service to provide scientifically rigorous, robust tools that are objective, user-friendly and confidential.
Based on more than 10 years of research, FELS provides a complete view of the leadership potential and/or performance of any member of a family enterprise. Developed by Family Enterprise Leadership System LLC (the joint venture between The Metropolitan Group and Quantum Performance Solutions, parent company of PeriscopeIQ), FELS allows enterprises to track individual development, identify areas of strength and weakness and ensure smooth leadership transitions and continuity.
"Given the complex personal and business dynamics that affect family enterprises, leadership evaluations are often emotionally charged," said Fredda Herz Brown, founder, Family Enterprise Leadership System LLC. "To be successful, the process must be thoughtful and systematic and offer objective reviews and feedback. FELS provides organizations with precisely that."
FELS offers family enterprises:
| - | Real-time, online reporting plus bound paper reports that interpret the data |
| - | Twenty-five types of evaluations, tailored to an enterprise's constituencies |
| - | Advisory service, to ensure proper customization and review processes and to interpret results |
| - | Reviews by up to 15 stakeholders, regardless of stakeholders' official day-to-day participation in the organization |
| - | Multiple uses over time to track leadership progress |
| - | The ability to undertake reviews on an individual or organization-wide basis |
"With The Metropolitan Group's expertise in the family business arena and our innovative technology and thought leadership in assessments, FELS offers the necessary intellectual knowledge to address the complexities of a family business," said Dr. Pawan Singh, co-founder and president of PeriscopeIQ. "We pride ourselves in performing scientifically rigorous assessments for our clients and we view FELS as a critical assessment tool for identifying and developing leadership in family-owned businesses."
About Family Enterprise Leadership System, LLC
Family Enterprise Leadership System LLC is a partnership of Family Enterprise Solutions, formed by preeminent family business consultants Fredda Herz Brown and Mark Rubin of The Metropolitan Group and PeriscopeIQ. For more information on FELS, please visit www.felsystem.com.
About The Metropolitan Group
The Metropolitan Group is a consulting firm focusing on families who manage operating companies and other shared assets, including family offices and foundations. The firm collaborates with clients to help them develop structures and processes that enhance their decision-making about their assets and family relationships. Headquartered in Cresskill, New Jersey, The Metropolitan Group can be found on the Internet at www.realtive-solutions.com.
About PeriscopeIQ
PeriscopeIQ is a leading provider of web-based transformative intelligence solutions, including comprehensive, online survey and performance management systems (PMS) based on knowledge-embedded technologies. The company's flagship product, PeriscopeIQ, is a web-based survey solution that helps organizations gain intelligence on customers, employees, suppliers, competitors, investors, the market, etc. The PeriscopeIQ product line enables the collection and analysis of business data at Internet speed, resulting in clearer interpretations, more precise predictions and more confident decision-making. PeriscopeIQ clients include Fortune 500 companies and large organizations such as Comcast, Ingersoll-Rand, Penn National Insurance, Seagate Technology, The Wharton School of Business, The World Bank and The World Health Organization. PeriscopeIQ is a privately held company based in Bethlehem, PA. For more information on the company and/or its offerings, visit www.periscopeiq.com.
For more information on PeriscopeFELS, please send an email to info@periscopeiq.com or call 610-866-6001.
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