Climbing the corporate ladder usually results in good
performers being promoted into management positions, or people striking out on
their own. In either case, people find
themselves in charge of running the show and managing people without
necessarily having the training or background to take on the new
responsibilities effectively.
Different skills are needed to motivate people, resolve
conflict, translate strategies into action plans and evaluate performance. These skills don’t come naturally to all
people, nor are they developed quickly without guidance. More and more companies are investing in
executive coaching to shorten the learning curve and provide their key staff
the tools they need to effectively transition into leadership positions.
When it comes to defining coaching,
the International Coach Federation (ICF) states that coaching is about
“partnering with clients in a thought-provoking and creative process that
inspires them to maximize their personal and professional potential.”
Coaches are trained to provide objectivity and accountability while
building on individual and team strengths.
They provide resources in areas that need improvement. In short, coaching promotes doing and doing impacts business
results.
Studies
conducted by leaders in organizational development have shown that companies
realized significant improvements in productivity, organizational strength,
bottom line profitability, customer service and quality, and reduced rates of
staff turnover as results of executive coaching. The value of coaching was considered far
greater than the money and time invested.
Invest in
your company’s leadership team and watch the bottom line grow!
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