What is the Benefit of Executive Leadership Coaching?
Many of today’s organizations, leaders, executives and managers recognize the benefits of having a coach. An effective executive leadership coach is an objective listener, someone who can keep confidentiality, and help you execute a plan for professional, team and organizational development. Think of an executive coach as someone who can ask insightful questions, who also has business, leadership and management savvy. There may be many times in a leader’s career when they need outside support – especially during times of change, challenges, promotions, mergers, acquisitions, etc.
What is the Type of Executive Coaching We Provide?
Executive coaching is a co-created plan to transform and grow the leader’s performance, behavior and/or results. Executive coaching focuses on creating a positive, intended future outcome that will benefit the leader, the team and the organization.
Executive coaching is an individualized, hands-on leadership development process that builds a leader’s capability to achieve short- and long-term goals. The leader, the executive coach, and often an executive sponsor, work in partnership to create a coaching plan to identify goals and achieve maximum impact.
Often assessments are taken as part of a coaching plan to identify areas for growth including a 360 degree review, TKI conflict management assessment, and DiSC or MBTI personality style assessment. Once we have this information, we co-create an action plan for moving forward towards intended goals.
Are you a good candidate for Executive Coaching?
The key “requirement” for a great coachee/candidate is that you are open and motivated to improve your skills, your team and your business. This desire and willingness to grow is crucial to a productive and successful coach/coachee relationships.
Leaders, managers and executives often request support in the following areas:
- Emotional intelligence
- Communicating more effectively
- Presentation skills
- Planning – including strategic planning
- Time management
- Giving feedback – including performance reviews
- Decision making
- Creating a positive and engaging work culture
- Motivating their team
- Running effective meetings
- Change management
- Having difficult conversations & conflict management
- Clarifying roles and expectations
As you can see, anything that an executive or leader is committed to is ripe for goal setting in a coaching environment. The added benefit to executive coaching is that there is a ripple down impact on those in the sphere of influence of the leader including; their teams, their colleagues, the organization, their customers, shareholders, and frequently their families and their communities.
Is There a Return on Investment?
Many organizations spend considerable time and money on executive coaching and there is often a direct return on investment. Here are some of the organizational benefits to executive coaching:
- Employee retention
- Increased revenue
- Better performance towards business goals
- Improved customer satisfaction
- Improved employee satisfaction
- Improved collaboration and team work
Another study found that coaching produced a 529% return on investment and significant intangible benefits to the business. Including the financial benefits from employee retention, coaching boosted the overall ROI to 788%. The study provided powerful new insights into how to maximize the business impact from executive coaching. (Merrill Anderson: firstname.lastname@example.org)
Call us to see if coaching is a good fit for you – 303-532-4393.
We provide Executive Leadership Coaching in Denver, Colorado and Boulder, Colorado. We are experts at supporting leadership development!