The Importance of Executive Coaching
It seems that executive coaching has turned out to be a billion-dollar business these days. It is not a surprise at all why the business is still growing and becoming popular. You seldom see some people who are unable to grasp the value of executive coaching and why it has expanded rapidly in the previous years. Most people assume that it is all but a leadership development training trick. This is certainly not a fact through and through. For quite some time, executive coaching has been shown to benefit a lot of companies in one way or another. To know the value of executive coaching for your business in this day and age, this is the article to read.
To find out what is the most effective strategy that could turn an employee into a leader, a study of one hundred top companies was done. For more than half of the respondents, they have stated that the use of external coaches has helped them. A follow-up study was done, and it was still found that external coaching has truly increased in value over time. There is no denying how much value external coaching has achieved.
Executive coaching would not have existed today as being used by companies if not for the number of benefits that they have provided them. If you look at companies in the past few years, you will see that they have become much leaner and flatter. This keeps leaders in strong association with their customers. This is utilized so costs are kept to a minimum while the company still strives to remain in the competitive line of the global environment. It is very common to see managers have between ten and fifteen direct reports. This makes them more in demand and leave them little room to do some coaching and mentoring of their reports. They do not have the time anymore to invest in coaching. That is why the use of executive coaching services always comes in handy.
Another issue with most companies these days is that they become so busy with their tasks that their leaders also take a lot of toll on these things. Because managers use handheld devices and the internet to do their job, they can never avoid paying attention to their job 24/7. Because of the regular stream of information that managers get, they may seem to always be available for the company. This leaves the managers with not having enough time to do what needs to be done. This leaves managers that do not have the time anymore left on their part to do their executive coaching task. This is one of the reasons why executive coaching exists.
You cannot deny the fact that executive coaching services can truly benefit your company in more ways than one. It is a must that you should settle with a company that can also really give you competent executive coaching services so it becomes a win-win situation in the end.
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