How do you get leaders to change? How do you optimize their talents and potential? What are best practices of executive coaching programs that produce lasting results in effective leadership behaviors that drive business results?
Executive oaching is a tremendous opportunity for leveraging leadership talent and resources that can drive an organization to sustainable success and performance.
Coaching is not just for people with problems anymore. Coaching is more frequently applied to top performers whose leadership and growth potential are highly valued by the organization. As organizations recognize they must enable key people to achieve critical business objectives in as short a time as possible, they are hiring coaches to speed up leadership development.
Hewitt Associates has done some interesting research that documents the positive, long-term relationship between investment in leadership development and long-term financial success (Hewitt Associates’ 2003 Top Companies for Leaders study). Their research shows that companies that invest in developing leaders tend to have greater long-term profits.
Forty-seven percent of companies rated for strong leadership regularly assign coaches to their executives. They know that coaching provides a powerful way to accelerate performance and strengthen leadership. The regular use of executive coaches separates top companies from the others.
There is a great deal of debate in the field of coaching. The profession is expanding rapidly, with coaches coming from differing backgrounds with varying methodologies. Here are a few of the questions that arise:
o What are best practices?
o Who is the client – the person being coached or the organization paying the bill?
o How should impact and return on investment be measured?
o What is the line between personal and business issues?
o How can confidentiality be preserved when stakeholders and team members are part of the mix?
Here are the concepts considered in the full 2,000-word article:
Establishing Ground Rules
Measuring Sustainable Success
Getting Leaders to Change
Involving Key Stakeholders
Steps in the Behavioral Coaching Process
Why Leaders Give Up
Resources
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