Executive Coaching Builds Steam in Organizations
Why do senior executives insist on coaching for their employees?
Because executives now believe that coaching has become invaluable.
They recognize that it can increase the quality of leadership
skills at all levels, improve retention of leaders, help new
leaders succeed, and address management behavior problems.
A study conducted by the Manchester Group on the effect of coaching
estimated a greater than 5:1 return-on-investment ratio. An article
in Public Personnel Management reported a study comparing training
alone to coaching combined with training. Training alone increased
productivity by 22 percent while training and coaching together
increased productivity by 88 percent.
Unlike consultants and other business professionals with specific
expertise in finance, law, or accounting, executive coaches enter
organizations asking probing questions rather than offering
judgments. Coaching utilizes a systematic methodology of inquiry
that encourages executives or teams to answer questions candidly.
The coach then seeks a solution through a rigorous process of
self-discovery and awareness, goal setting and accountability,
action learning and execution, and evaluation and revision.
Executive coaching is a powerful, cost-effective way to provide
support for leaders and leverage their strengths for the benefit of
themselves and the entire organization. And when combined with
training, executive coaching can significantly boost talent
development in any company.