Executive coaching, like mentoring, has always been thought of as a wonderful option by career professionals and their managers. However, the need to become more competitive and agile is increasingly revealing it as a necessary tool that can bring out one’s leadership both in the individual and in teams.
Inc. Southeast Asia first discusses the topic by focusing on the advantages that executive coaching can bring to specific individuals who are looking to improve their aim. They go beyond the development of the important soft skills such as emotional quotient, relating to others as a team player, or clearer communication abilities.
First, executive coaching provides honest feedback. This includes covering an individual’s strengths, weaknesses, personality behavior, relational abilities with other people, leadership competencies, and other aspects that can either make him or her grow or stuck in his or her career. Coaches are expected to provide unbiased reviews free of favoritism, prejudice, or any agenda.
The second advantage is the “wake-up call” this feedback triggers in the people being coached. They are prompted to examine their motivations, step up their game, and evaluate not just their performance but as well as their own career vision, direction, and role in the organization.
According to Inc.com, the individual can create a more fruitful and efficient relationship with his or her team and the company’s administration through executive coaching. (Source)[/caption]
Inc.com further adds that executive coaching helps establish a more productive bond between the individual professional, management and the other members of his team. The coach helps him see how he fits into the organization, the importance of his role, and how he and his teammates add value to each other’s work.
Forbes builds on this analysis by expanding the coverage of the coaching beyond the mentor-subordinate dynamic to that of mentoring entire teams. In fact, it makes the case that a “coaching culture” is critical to the organization if it is to continue learning and thus making itself relevant in the current business landscape.
The article outlines the three advantages that executive coaching provides organizations. It creates a strong management team that provides oversight on all layers of the company. It strengthens the bond between managers and staff, creating an atmosphere of trust and respect that improves retention and reduces resignations caused by resentment of the latter for the former.
Finally, in improving retention and engagement, executive coaching keeps the top talent within the organization. The creation of this formidable talent pool helps to reduce costs related to constant recruitment due to mass departures.
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