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Why is Executive Coaching an Important Part of a Manager’s Journey?

Why is Executive Coaching an Important Part of a Manager’s Journey?

Leading and managing a business team is a hard nut to crack. A manager is expected to create the right balance of multiple skill sets and get the best out of a dynamic team for the achievement of business goals. While managers are professionally-equipped with the theoretical knowledge to lead teams, sometimes, they fall short in analyzing the behavior of team members, realizing their potential and bring necessary changes for improvement due to limited practical knowledge and skills to manage dynamicity among team members. This is where an executive coach comes into the picture. An executive coach plays a crucial part in the professional journey of a manager by providing him with necessary insights and feedback that helps him/her to develop additional skills for success.

Benefits Of Executive Coaching For A Manager

A manager is expected to wear multiple professional hats- from being a mentor who guides a diverse team towards goals, to an analyzer who has a keen eye for talent and how the same can be utilized for better results. An executive coach helps a manager in professionally improving his inherent strengths that can help him in becoming a complete bundle of necessary management and leadership skills. As the behavior, personality and manners of a manager define the work culture of the team he/she is leading, it is important for a company to invest in executive coaching for a manager that improves his/her professional skills while making him a good role model for the whole team.

Getting Back On Leadership & Management Track With The Help Of Executive Coaching

Often, in an endeavor drive organization towards end goals, a manager forgets the importance of motivating and leading a team, efficiently. Executive coaching help business managers in improving relationship with team members and acquire necessary leadership skills to drive team members according to the set goal. By helping a manager in identifying his personal management and leadership deviations, an executive coach can bring a positive change in the performance of the whole team and ultimately ensure a company’s success. To realize the true potential of executive coaching, a manager must find a coach whom he/she can respect as a mentor.

The relationship of an executive coach and a manager closely resembles that of a train and its conductor. The executive coach functions as a conductor that helps the manager (train) to stay on track at all times and acquire required pace while overcoming dynamic hurdles during the course of professional journey.

To get back on leadership track, a manager must be open with the executive coach and must accept his/her blind sports that are pushing him away from growth for the best results that help in driving professional growth.

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Quantifying The Benefits Of Executive Coaching

Executive coaching is an important part of a manager’s journey as well as that of an organization. According to American Management Association, the organizations that make use of executive coaching for managers are reportedly stronger in terms of market performance. This is a result of better leadership and management skills of managers. Also, according to a survey by PWC and Association Resource Center, the organizations that invested in executive coaching registered a greater ROI that ranged from seven times to 49 times of the initial investment.

Along with quantifying the importance and benefits of executive coaching by looking at organization’s growth, the benefits can also be measured by having a look at multiple external and internal factors. A manager can look at the impact executive coaching has on his personal growth by analyzing if the same has led to growth in the output of his/her team, increase in revenue share of his/her department, or conducting a self-assessment of personal skills or getting feedback about positive change in behavior from team members or higher management.

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What an Executive Coach Can Do for a Leader?

What an Executive Coach Can Do for a Leader?

Executive coaching
An executive coach fuels the growth prospects of high-potential leaders by developing his/her capabilities and providing useful insights to prepare him for greater challenges in the future. Let us put some light on the various aspects of executive coaching and how an executive coach can help a leader:

Executive Coaching Fuels Personal Growth By Unleashing His/Her Hidden Potential

Executive coaching is the perfect example of an exercise that improves self-awareness in a leader. As an executive coach makes a leader realize the hidden growth potential in a situation as well as his/her ability to avail opportunities in every situation, a leader is better prepared to accelerate his growth journey, while being an important asset for organization. Most often, leaders in an endeavor to bring out abilities of others in the team, fail to realize their own abilities and potential. Executive coaches, being a third-party evaluator help a leader to understand own self, his/her emotions that make him/her better prepared to work in a better way.

Executive Coaching Helps In Improving Self-Control And Self-Discipline

For a leader, it is critical to keep personal emotions at bay and concentrate on tackling organizational challenges. Executive coaching helps a leader to become self-aware about his/her emotions and control the same to bring effective results for the whole team and organization. An executive coach improves self-controlling abilities in a leader that will help him to manage his/her own potential as well as the abilities of his teams. Through professional help, a leader can easily control various aspects related to time management, organizational challenges and personal abilities without being worried about his/her personal feelings towards an individual or a scenario.

Related ArticleWhen an Executive Coach identifies his coachee isn’t in a right role in the organization

Executive Coaching Improves Personal Cognition Abilities

A leader has to wear multiple hats at one time. As there is huge overload of information in a leader’s professional life, he/she is required to improve his cognition and analytical abilities. Executive coaching prepares a leader’s brain to adopt flexible approach towards a challenge that is really essential for success in dynamic business environment. Through effective coaching, a leader can develop his/her emotional intelligence, broaden his/her personal senses and cognition abilities to handle information overload in competitive business world.

Executive Coaching Equips A Leader With The Strength To Tackle Business Challenges

An executive coach is the greatest motivator a business leader can ever get. As he/she is a professional who is equipped with the ability to analyze a leader’s personality, identify strengths and provide corrective measures, he/she can effectively motivate knowing his/her fears and worries. Executive coaches make a leader self-aware about his/her abilities, control his/her personal emotions and provide motivation through the right channels that can amplify the management & success potential of a leader. Leaders, when positively-motivated through the right channel, help in improvement of the efficiency of various processes in an organization.

Executive Coaching Improves Overall Leadership Abilities

s executive coach trains a leader to control his feelings, motivates him to work better and identify his/her hidden potential, a leader becomes a better problem-solver. He/she understands his own self as well as the team members and analyzes the challenging situations with compassion as well as stoicism. Through executive coaching, leaders become more confident about their own ability to manage work in a better way as well as lead the team, efficiently.

Executive coaching improves various dimensions of the personality of a business leader. By enhancing their confidence in their own abilities, an executive coach prepares leaders for challenging situations inside a business organization and can do wonders for him/her in the short as well as the long run.

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How Executive Coaching Promises Sparkling Benefits for Your Career & Your Team?

How Executive Coaching Promises Sparkling Benefits for Your Career & Your Team?

Executive coaching in india

Executive coaching helps business managers, leaders as well as their teams to improve overall career prospects. Executive coaching makes it possible to improve career goals, development of soft skills, emotional quotient, and strong communication abilities. Through careful analysis of existing abilities, executive coaching offers the following benefits for a leader and his/her team:

Executive Coaching Helps In Retention Of Top Talent Within The Team

By aligning the organization’s goal with skill sets of team members, executive coaching helps in improving retention figures in an organization. A leader, with the help of an executive coach, can utilize the talent of best performers that improves employee satisfaction both in terms of professional achievements and skill improvement. This minimizes the possibilities of mass departures due to dissatisfaction related to performance acknowledgment.

A well know fact states that an employee leaves a manager and not a company. By keeping employees engaged and satisfied, executive coaching helps in keeping managers and employees on the same page. Improvement in engagement and satisfaction figures helps everyone right from the company to employees and managers. Where the organization benefits from improved retention figures, managers feel virtuous because of satisfied team members and an improved performance.

Related ArticleHow to Get Career Confidence with the Help of Coaching Sessions

Executive Coaching Helps In Creation Of Fruitful Team Relationships

Executive coaching is an advantageous process that helps in the development of fruitful and efficient relationships within and outside the team. An executive coach while analyzing strengths and weaknesses promotes the development of a productive bond between various stakeholders. This is promised by aligning an individual’s expectations with the performance expectations of the team as well as the organization.

Executive coach, being a trained professional, makes a leader realize his role, importance and the ways how his role can help in addition to value to other team members work in the short as well as long-term for the achievement of common goals.

Worth ReadingExecutive Coaching VS Mentoring

Executive Coaching Assists In Performance Improvement For Fulfillment Of Organization Goal

An executive coach motivates a leader to pump up their efforts for improving the performance of individual team members. By analyzing current performance and providing honest feedback, executive coaching serves as the right trigger that helps a leader in taking corrective actions for aligning his/her personal goals with a professional vision to improve performances. By getting an idea about performance capabilities and assisting the flow the company’s vision down the line to grass root level with the help of an executive coach, a leader can bring out the best results from his/her team.

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How Hiring an Executive Coach Can Change Your Life?

How Hiring an Executive Coach Can Change Your Life?

Excellence in career is something that every aspiring executive wish for during his stint with corporate entities. And corporate organizations too, benefit from excellent performances of its executives and work force in the long and short term. Executive coaching is an important aspect of improving workforce performance and leads to increased job satisfaction and personal satisfaction in the long run. Executive coaching can help an individual in improving his abilities and can totally change one’s life. Executive coaching transforms life and helps in:

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Improving Productivity And Enhancing The Prospects Of Promotion

An executive coach helps in analyzing the inherent talents of an individual and streamlines his/her abilities with job profile. This has significant impact on the performance of an executive and improves his/her productivity. When a person gets professional executive coaching, he/she is better equipped to improve his/her performance and improves his/her chances to be promoted, quickly.

Enhancement In Learning Capabilities And Improved Work Performances

An executive coach has better idea about work cultures across organizations and organizational expectations from executives. The executive coach helps in improvement of learning capabilities of an employee that has a strong impact on his ability to contribute in a much better way towards the organizational goals while registering improved performances.

Confidence & Support Building That Help In Making Bold Moves

When an executive receives help through executive coaching, he/she gains the required confidence and professional support to excel in career. He/she is better equipped with strategies to take bold career moves and learn new skills that enhance the professional abilities. When an executive is pumped up with required confidence with the help of an executive coach, he becomes a valuable asset for organization as well as for oneself.

Related PostExecutive Coaching? Doesn’t That Sound Weird?

Gaining Perspective And Space To Focus On Your Own Views

An executive coach helps a professional in gaining required perspective for success in the corporate world. Executive coach helps him/her realize true potential and equips with the required knowledge and expertise to develop own success views and work on the same for professional excellence. When an individual knows about his/her abilities in a better way, he/she is clear about his strengths and can utilize them for improving performance easily.

Development Of Emotional And Moral Support For Encouragement

An executive works closely with an individual and becomes a moral and emotional support for sharing his/her aspirations and goals. When an executive gets someone who believes in his/her abilities, he is encouraged to work hard and improve his/her performance in a better way. Also, it gives an executive a support pillar to lean on and work better while getting an idea about his/her professional capabilities.

Improvement Of Specific Skill Sets & Learning Important Elements Of Success

An executive coach helps an employee by improving performance, enhancing the skill sets and teaching important elements for corporate success. By providing a chance to work upon communication skills, delegation, conflict management, team building and persuasion skills among others, an executive coach helps a professional in working better and thus improve his/her productivity in the short and long term.

Related PostExecutive Coaching VS Mentoring

Comprehensive Performance Reviews And Faster Conflict Resolution For Better Performance

While helping a professional in enhancing personal and professional abilities, an executive coach also gives clear details and reports about his/her performance. By having a clear idea about capabilities and current performance, an individual is better equipped to work towards faster conflict resolution for better professional performance.

Executive coaching has helped millions of working professionals in achieving their dream and enhances capabilities for success in the long term. While being a highly-specialized task involving specialized advisory, executive coaching can significantly transform an organization by focusing on the root level performance i.e. performance of the individual employees. Also, executive coaching has the potential to change lives at personal level by improving professional productivity that helps in attaining greater heights professionally and a satisfied life personally.

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When an Executive Coach identifies his coachee isn’t in a right role in the organization

When an Executive Coach identifies his coachee isn’t in a right role in the organization

executive coach

Executive coaching has been beneficial to millions of businesses around the globe. A professional executive coach aims at developing different skills that helpan individual in the organizational framework to adapt to changes, tackle complex challenges, build sustainable teams and excel professionally within an organization. Executive coaching helps in getting a 360-degree feedback of current performance and improving by analyzing and improving gaps in performance, optimizing personal skills and preparing for bigger responsibilities.

Also ReadExecutive Coaching? Doesn’t That Sound Weird?

But, every now and then, every business and organization face the critical situation when a professional executive coach finds an executive in an organization is a misfit. He/she might not be in the right role that is hampering personal performance and making a department deviate from organizational goals.

Being in a wrong role can frustrate an individual on a personal level while making a department/organization suffer in the short as well as the long term. A person can be deemed unfit for a specific role by an executive coach when he/she might be qualified on-paper, in terms of academic and professional qualifications, but not the best fit for the job he/she is doing because of political, personal or historical reasons. This makes him/her fail at a job time and again, making a manager lose faith in him/her and fire him when he/she can be a productive asset in a different role. But how should an organization handle and implement role change for an executive, efficiently?

Here we present some effective solutions and suggestions to handle such issues and keep the organization committed to achieving the goals.

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Moving The Misfit Executive To A Completely Different Role Within The Organization

The quickest and most effective way to handle such an issue is to transfer the executive to a different role altogether. Sometimes, employees who work at a particular role are seen handling multiple tasks, negatively hampers their productivity. Owing to dynamic organizational structures and project-based work commitments, an executive might not be equipped to work on specific requirement but might be ideal to handle a completely different role maybe in planning or accounting for the same. A professional executive coach can help an organization by providing necessary training and mentorship that will help an executive in fitting somewhere in different cogs of the same organization- maybe a different department, division or a new office altogether.

Redefining Existing Role To Accommodate An Executive’s Strengths Better

It is understandable that an organization hiring an executive for a specific role do not want him to work on a different role. Also, there might not be requirements in other departments. It is when the management might consider redefining the current role of an executive. An executive coach can help in rethinking about the current scope of work of an executive focused on harnessing his/her strengths. This can help an organization in effectively using valuable human resources. Redefining the current role with the help of an executive coach is always preferable than hiring another person as it saves money and time spent in rehiring another asset.

Related ArticleWho needs an Executive Coach?

Redesigning The Organizational Chart To Fit In Promising Talent

Owing to the dynamic business environment, technological shifts, political factors and other unavoidable circumstances, sometimes organizational charts develop strong limitations. It is essential for the top management to continuously monitor the external business environment and implement changes that can accommodate the existing talent in the organization to greater and different roles by juggling with an organizational chart. As a matter of fact, being a risky alternative, the same can help an organization take their efforts to the next level by aligning organizational goals, workforce’s talents and capabilities with dynamic opportunities and even lucrative suggestions. By infusing fresh talent in organizational charts, optimizing current talent to focused roles with the help of executive coaching and creating fulfilling professional relationships, an organization can benefit from the abundant talent pool within the organization itself.

Any organization can wade off the risks involved in implementing the above steps with the help of a professional executive coach. An executive coach effectively solves the problem of misfits in an organization and can help an organization in retaining and growing the interest of worthy human resource in core organizational goals. This makes an organization equipped with a passionate and goal-oriented team that uses its core talents to the maximum potential for business growth.

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Executive Coaching? Doesn’t That Sound Weird?

Executive Coaching? Doesn’t That Sound Weird?

Executive Coaching

The answer to this question is not a unique one. It depends from which angle you are looking at it. Undeniably, a good portion of the existing business world thinks that executive coaching is just a polysyllabic jargon which simply drinks your money and never takes a leak. It’s a hobbyhorse for the C-suite habitats.

Is it?

Is Executive Coaching A Folly?

What do you think? Is a business coach, bliss or a curse? You are free to think and collect your thoughts on this issue. But, remember, your opinion is the most critical one to you and crucial too even if you are a firm non-believer of executive coaching. According to a bunch of surveys, initiated by global analytics giants like Manchester.inc or Metrixglobal, the ROI of executive coaching is close to 600%.

A-jawdropper. Right?

Yes. With executive coaching your benefits are six folds of your investments. And, there is no chance that these stats are fried. Even the Stanford Business School echoes the same vision regarding executive coaching. They believe that even the best of CEOs have their blind spots. It’s always good to have a new perspective from the outside to judge things in a better way.

Like every coach, executive coaches are the group of the veteran executives who are well aware of the pulse of the modern business and they are also the only person on this planet who can foresee the future. They are the only bridge for us which connects our semi known present with the unknown future of our business. That’s why executive coaching as a service is experiencing a steep rise in their global market demands.

WHY AN EXECUTIVE COACH CAN FORESEE THE POSSIBLE FUTURE?

Because, they know their pasts. They have faced tons of challenges and ate those challenges with their breakfast. They outsmarted every roadblock they faced on their way to establish their businesses but they never stopped walking on that road. They stumbled on the lows and they cheered on the highs to build a strong foundation for their businesses. Yes, they have their scars too. We named those scars as experience. We don’t have them as we are yet to fight those battles.

So, who is the best person to guide us for building our businesses?

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Definitely, An Executive Coach.

Now, what your organization or business demands the most from you? It has always been you right decision at the right time. You are an executive and you need all of your confidence to make those decisions. But, at times doubt is a better option than a sheer confidence as a business is a perfect combination of complexity and ever evolving market trends. So, your doubts tell you to rethink it. Your doubts push you back to your boardroom to redesign your decision.

Yes. The zeal of achieving the ‘one-of-its-kind’ status never comes cheap. They demand your sleepless nights, last drop of knowledge. But, at times, even your best efforts fall short. You take a wrong decision. You fail.

In situations like these, a business coach is the best person to walk in and brushup your qualities.

These following stats can help you understand the bigger picture in a better way:

  • Two third of the executives don’t receive any executive coaching in their lives.
  • Most of the CEOs want to have a coach who can enrich them with leadership tips.
  • With proper training, most of the companies have experienced at least 88% growth in their productivity with executive coaching.
  • Most of the businesses, who have invested $1 in the executive coaching, have seen a return of $8.
  • More than 63% organizations use external executive coaching service.

So,the idea?

Executive coaching can be anything but a folly. It’s a fuel to grow your business. It’s a learning curve which makes you a better team player. It drives in a better level of internal relationship. It creates a better job satisfaction in you. Without fail, an executive coach teaches you, encourages you, helps you to be a better person in your life and for your organisation.

Lastly, what matters is you. What you think and how to decide is the most important factors of your life as an executive.

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