Executive Coaching Is Hot

© 2004 Patsi Krakoff, Psy. D., CBC

Driving the trend in executive coaching is the business reality which makes good staff hard to get and harder to keep. In the need for constant change to stay competitive, companies see coaching as a way to help valued employees develop swiftly in the changing business environment.

 

A growing number of Fortune 500 companies offer executive coaching to their top people. Whether hiring external coaches or training their own leaders in coaching skills, companies are finding that coaching is essential for creating change and evolving people towards their highest productivity and potential.

Executive coaching coupled with management and leadership training can boost productivity and help build leadership competencies.

 

Companies that have employed coaches will agree that, overall, there are performance improvements, as well as improved well-being among participants.

 

About 6 out of 10 organizations currently offer coaching or other developmental counseling to their managers and executives according to a survey by Manchester, Inc., a Jacksonville, Florida, career management consulting firm. Another 20 percent of companies said they plan to offer such coaching within the next year.

 

Important concepts covered in the full 2,000-word article:

Defining Executive Coaching

Why Executive Coaching?

The Top Reasons for Offering Coaching

The Masterful Coaching Experience

Using Assessments with Coaching

Goals and Outcomes

How to Get the Most Out of Coaching

Key Coaching Principles

A List of Resources on Executive Coaching

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