How Can An Executive Coach
Benefit Your Organization?
What is an Executive Coach?
An executive coach works with individuals in managerial positions for optimal leadership and organizational performance. It is an objective, short-term, goal-oriented, customized learning for top managers, executives, and other identified leaders. The coach and executive form a helping relationship that enables the managers to gain more self-awareness, clarity of goals, personal satisfaction, and unlock their full potential to bring value to the organization.
Levels of Coaching
The need for executive coaching can emerge on various levels.
On a basic level, it could help meet a performance gap. An apparent or unknown behavioral issue may be impeding an individual’s performance that needs professional help.
- The next level arrives when an individual gets promoted to managerial level. Transitioning into a new role, gaining more responsibilities and higher expectations can be overwhelming for many.
- It can also be provided for accelerated growth, where professional may not necessarily be assigned a new role, rather they need to be prepared for the next step in their career.
- And finally, executive coaching is provided for c-suite executives. These are already the top performers that need nuanced refinement and objective feedback to gain optimal performance.
Benefits of Executive Coaching
- Better awareness
Research suggests that self-aware leadership is linked to effectiveness and profitability of an organization. Executive coaches conduct an assessment of how you are perceived by others at the start and end of your coaching session to measure coaching effectiveness. As you learn about other people’s perception of yourself, and objective assessment from your coach, you see yourself more clearly question your own assessment of self and identify where you need to put effort to grow.
- Better assessment
Company leadership may fail to recognize worthy employees or give more credit than is due. An executive coach helps you perceive clearly and impartially. Since skilled coaches aim to make leaders independent of themselves, they assist you to apply the same analytical skills you learnt to assess yourself, towards better judge the capabilities of those around you.
- Leverage your strengths
A great coach helps you build on skills you already have to gain leverage. Sometimes even the smartest people tend to underestimate their talents. An executive coach can teach you to not only appreciate those talents but use them more effectively to your organization’s benefit.
- Productive relationships
Leaders have the tendency to limit their potential but building strong relationships with people who are more like themselves, in terms of race, background, work ethic or more. An effective executive coach helps you see such tendencies and equip you with the tools to build strong relationships with a wider variety of people.
- Achieve your goals
An effective coach helps you get a clear idea of your goals and your capabilities. He or she can be a strong but neutral support system. They let you know what you are capable of doing, remind you about you intended to achieve and which actions support or hinder those achievements. Most importantly they can teach you unique ways to think and operate, that allow you to realize your goals more effectively.
- Return on investment
Getting an executive coach is quite an investment. Survey suggests that on average the return on investment of executive coaching was seven times the original investment. Even though the effects of executive coaching are intangible, they are still measurable. According to the International Coaching Federation, executives that took coaching sessions observed 50% – 70% increase in performance, time management and team effectiveness.
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