Expansion of Solution Sage Report Adds Recommendations to the Family Business Assessment Online Diagnostic Tool

August 22, 2003 (PRLEAP.COM) Technology News
LOS ANGELES, California – August 20, 2003 — 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.