Executive Coaching, as the name suggests, is generally provided to business executives in the corporate environment. This usually takes the form of personal executive coaching on a one-to-one basis rather than working with larger corporate groups.
Due to the increasing demands and pressures of the technology-enhanced, and rapidly changing, corporate environment, executive coaching focuses primarily on helping business executives to achieve their full potential. Improving their effectiveness in terms of leadership styles and decision-making is a major aspiration of executive coaching. Coaching can also focus on achieving personal fulfillment and balance for the individual as well.
Over the years, I have worked with dozens of up-and-coming executives. One of the most satisfying parts of that experience has been watching by clients succeed beyond their wildest dreams. Another has been the radically increased success that the companies, which they worked for, have realized.
The coaching engagement should be business orientated. It may focus on increasing sales or staff management. However, it may also focus on achieving personal goals such as improving health and fitness as in personal coaching. One of the greatest benefits of executive coaching is that the client can discuss and work on weaknesses in a confidential and safe one-on-one environment with their Executive Coach. Weaknesses particularly are not easily discussed in front of team members or more junior colleagues.
Business coaching can be valuable to both an Executive and to company. Some of the primary areas where this is true are:
- Leadership Coaching: Being able to develop effective leadership styles can improve an Executive’s personal impact in and value to the company. Coaching for leadership development is one of the most vital aspects of effective executive management.
- Financial Awareness: An Executive can gain an improved understanding the most fundamental financial concepts and tools. They are then in a better position to make a more informed fiscal decision regarding corporate finance.
- Management Training: Improving an Executive’s staff management skills, will assist them in achieving better results from their employees.
- Time Management: An Executive Business Coach can show an executive how to more effectively manage their time.
- Project Management: Corporate executives learn how to master the building blocks, strategies and techniques to become a more proficient project manager.
- Team Building: Being able to understand the key principles of how corporate teams are formed and managed will help any executive in developing their own teamwork abilities.
The field of Executive Coaching has become hugely popular worldwide. It is frequently offered to key employees. Executive Coaching, in most instances, is conducted the executive’s office, but can also be done via telephone. This allows the client the flexibility and maximizes the efficient use of an Executive’s most precious commodity: time. A Business Coach becomes the client’s partner and works alongside them. Any information shared between the Executive and their Business Coach remains strictly confidential. An Executive Business Coach acts as independent sounding-board for the Executive to be able to explore their goals, visions and ideas with.
Executive business coaching, in a way, has been around since the very first successful corporate manager produced the very first successful corporate team. The ability to bring together various talents, skills and personalities by training and coaching them through challenging new ideas and possibilities is not an original concept. However, the new and massive interest which corporate business has in these skills, which are found consistently in top managers, has produced some incredibly powerful and successful coaching models which can be used to help virtually any keen and applied executive make it to the top.
My own experience in coaching has shown me that, once mastered, skills learned during the engagement continue to return value to the Executive for years. I have also learned that companies that make such investments in their key employees continue to benefit from the process. In many cases, engagements as short as six months have made major contributions to both the client and their company. Executive coaching can be one of the most cost effective investments that either can make.
© Dr. Earl R. Smith II