How does executive coaching work?
Executive Coaching in Denver Colorado and Boulder Colorado. Most successful executives & leaders have a coach at some point in their career. There may be many times in a leader’s career when they need outside support – especially during times of change, promotions, external challenges, mergers, or for increased leadership skill development.
Executive coaching focuses on the needs and goals of both the executive and the organization. We work with you to create an individualized, hands-on leader development plan that builds your leadership capability to achieve short- and long-term organizational goals. The organization, an executive, and the executive coach work in partnership to achieve maximum impact over time.
Are you a good candidate for Executive Coaching?
The key “requirement” for a great coachee 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 create a productive and successful coach/coachee relationships.
Leaders, managers and executives often request support in the following areas:
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Conflict Management
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Employee Development
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Communicating more effectively
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Presentation skills
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Planning – including strategic planning
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Time management
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Giving feedback – including performance reviews
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Decision making
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Creating a positive and engaging work culture
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Motivating their team
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Running effective meetings
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Change management
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Having difficult conversations
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Clarifying roles and expectations
As you can see, anything that an executive or leader is committed can be the focus of 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:
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Employee retention
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Increased revenue
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Better performance towards business goals
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Improved customer satisfaction
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Improved employee satisfaction
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: merrilland@metrixglobal.net)
Call us to see if coaching is a good fit for you.
We provide Executive Coaching in Denver Colorado and Boulder Colorado. We are experts at supporting leadership development.
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