Driving the current trend for executive coaching is the business imperative that retaining top talent is a key
strategic initiative for many enlightened companies.
With a constant need to stay competitive, many companies value coaching as a way to help valued leaders develop learning agility in a rapidly changing business environment. It is rapidly becoming apparent that whatever got you here won't get you to where you need to go.
A growing number of companies offer executive coaching to their top people. Companies are finding that coaching is essential for creating change and evolving people towards their highest productivity and potential.
Executive Coaching can be very useful in helping leaders bring what they learn in leadership development programs back to the workplace and actively apply those lessons to solve real work-related problems.
The objectivity that an executive coach brings to a developmental opportunity is helpful to managers seeking to make difficult changes in attitudes, work habits, perspectives and interpersonal relationships.
There seems to be little question that coaching is a very powerful method of producing change in leaders. Companies that have employed coaches agree overall, there are performance improvements, as well as improved well-being among participants of their leadership coaching programs.
The top reasons often cited for offering coaching include:
1. Sharpening the leadership skills of high-potential individuals.
2. Correcting management behavior problems such as poor communication skills and developing
emotional intelligence.
3. Ensuring the success or decreasing the failure rate of newly promoted managers.
4. Improving employee relations problems such as poor communication skills, disorganization,
demeaning or arrogant behavior by developing better social intelligence.
5. Providing the required management and leadership skills to technically oriented employees.
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