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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.

Product Code: 76071258


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