What might you say is the most fundamental achievement factor for business growth in your organization? If you’re like 91% of the respondents in a recent study of CEOs in North America, Europe, and Asia, you would state “creating leaders.” In this post, we’ll assess why leadership development has turned out to be more imperative to business success than, any other time in recent memory, and why organizations including the CEO board group are currently, verohelminglwy choosing a formerly untapped resource – Executive Coaching, as a salient piece of the solution.

Executive Coaching On the Ascent

In a Fortune 500 overview, 43% of CEOs and 71% of senior executive colleagues said that they have worked with a coach, 63% of organizations said they intend to augment their use of coaching over the following five years, and 92% of leaders who have used a coach in the past want to do so once more.

Why? The statistics point to an obvious answer: Coaching works. A study found that all of the over 300 participants were able to enhance their performance score from 50th percentile to 93^rd percentile, only because they worked with executive coaches. Amoco Corp./BP assessed the effect of executive coaching over a ten-year time frame and found, that managers who were coached got 50% higher average pay increments as their performance was outstanding.

All in all, what does this mean for you and your organization? It means that coaching is the best option, when you have to turn the managers into leaders, who can deal with the present regularly evolving world. Executive coaching helps you to drastically enhance your leadership bench strength.

Executive Coaching A Short Review

There is a misbelief regarding executive coaching that it’s about “fixing” behavior problems. This is a myth and far from reality! Coaching is not counseling, advising, or therapy. It is not about feeling contrite about a past that cannot be changed. It’s about paying attention to a future that can be changed.

An executive coach is a professional who builds up a continuous association with the leader-client and concentrates on helping that person, to make a move toward bringing to life those stated goals. A coach serves as a mix of a guide, manager, and personal trainer. A good coach doesn’t offer solutions to the CEO board group. Rather, the coach draw out solutions from them. The coach helps bring lasting changes in behavior of the already successful leaders, allowing them to transform themselves and their teams. That leads to improved overall business results.

Executive coaches help in the following ways:

• Enhance leadership skill and core competencies.
• On-board managers into a new organization or position.
• Enhance time management and work/life balance.
• Decrease and better cope with stress.
• Grow more productive work relationships.
• Enhance conflict management competencies.
• Implement a new strategy or course.
• Develop a current business or launch a new one.

 Conclusion

Executive coaching helps CEOs, COOs, managers, etc., to conceptualize where the organization is going and keep employees focused on the goals, leading to more targets being met.

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