The World’s #1 Executive Coaching and Business Coaching Blog (2017-2021)
The Benefits of Executive Coaching in Today’s Business World
Executive coaching gives business leaders a strategic edge, empowering them to evolve and build upon their already solid leadership competencies. Coaching can improve leaders’ self-awareness, adaptability, and decision-making. It can boost organizations and individual leadership careers.
“A coach is someone who tells you what you don’t want to hear, who has you see what you don’t want to see, so you can be who you always knew you could be.” – Tom Landry.
Leadership coaching is the art of connecting with someone on a profoundly human level to effect deep change so that person can become a better, more empathic leader.
Executive coaching deals in transformation. As a leadership coaching professional, I drive my clients inward, looking to tweak some of their inner-core leadership competencies. Then, with the changes in place, I drive them out, carrying the effects of the changes over to their outer-core competencies.
In this post, I discuss how clients benefit from business coaching, touching on some practical implications of the transformation coaching triggers.
Coaching ignites the transformation that leads to progress.
The Role of Executive Coaching in Today’s Business World
Executive coaching gives coachees a strategic edge in today’s competitive business world. It empowers leaders to evolve and excel, thus allowing them to take themselves and their organizations to new peaks of success and fulfillment.
That would be the “official” definition of how executive coaching fits today’s business landscape. While correct, it is somewhat flat and lifeless. From the perspective of an executive coach, coaching can achieve so much more on so many levels.
“Be more concerned with your character than your reputation. Because your character is what you really are, while your reputation is merely what others think you are.” – John Wooden.
Flashy leadership is a bane of the modern business world. Leaders who fancy themselves rock stars are overinvested in appearances at the expense of inner-core competencies. Leadership coaching can help shed such attitudes.
Business coaching can help leaders focus on the right things in the right order, so they can successfully scale and enhance their businesses and careers.
The Benefits of Executive Coaching
Executive coaching identifies shortcomings in leadership skills and sets off to correct deficiencies. It improves leadership skills by enhancing leaders’ decision-making, conflict resolution, and emotional intelligence. That would be coaching’s raison d’etre. But it can offer much more.
- Higher self-awareness. A heightened sense of self-awareness allows leaders to determine their strengths and weaknesses accurately. Self-aware leaders can leverage their strengths and address their weaknesses without the help of a coach. Heightened self-awareness is a sustainable advantage coaching gifts to clients.
- Enhanced Adaptability. Coaching equips leaders with the tools to embrace and manage change. Helping leaders build a reservoir of positive leadership references, coaching lends them the confidence they need to navigate today’s fast-paced business landscape.
- Better Decision-making. Intelligent leaders welcome input and understand the power of diverse perspectives coupled with critical thinking. Coaching encourages inclusivity and employee empowerment, leading to better outcomes decisions-wise.
- Improved stress-management. Executive coaching can help leaders develop systems to improve their work-life balance and avoid burnout.
Coaching also covers more subtle aspects of leadership, like planning for succession, having a positive organizational impact, and building healthy, growth-focused organizational cultures.
Implementing Executive Coaching in Your Organization
Successfully implementing executive coaching in your organization doesn’t start with finding a coach. First, leaders and other top-level stakeholders must identify their goals for the coaching process. They must also clarify a few other coaching-related variables to understand what coaching should entail.
- Coaching methodology
- Session frequency
- Duration of the engagement
- Progress indicators and tracking
It pays to spend time finding the right coach.
Once they understand what they need in a coach, leaders can start looking for the right coach by:
- Asking for recommendations
- Checking credentials
- Researching online
- Dissecting specialization
- Interviewing potential coaches and asking for references
- Clarifying logistics
- Agreeing upon a trial session
Leadership coaching is a highly personal process of co-discovery. It requires an intimate connection between the coach and coachee. Given its potential benefits, it pays to put effort into finding a coach who aligns with the values of the client and can provide effective support.