Whether you are part of the c-suite or a middle or upper-middle manager, your career and organization can benefit from coaching. The International Coaching Federation defines coaching as partnering with clients in a thought-provoking and creative process that inspires them to maximize their personal and professional potential.
Through coaching, individuals develop robust awareness of their leadership values, the versatility of their leadership style, the strengths that serve them well day-to-day and the impact of overplayed strengths. They gain higher emotional intelligence and confidence in their abilities, narrowing the gap between their self-perception and the reputation they’ve built. They demonstrate greater executive presence and ability to deliver results and inspire teams. At all times and in all situations, these individuals have increased resilience and accountability after completing a coaching program.
Organizations that invest in coaching demonstrate an ongoing commitment to leadership and executive development. Furthermore, coaching results in more impactful, productive and effective business leaders and builds bench strength for future talent.
These compelling statistics support the positive impact coaching has on organizations and individuals:
A third of all Fortune 500 companies utilize executive coaching as standard leadership development for their elite executives and talented up-and-comers.
The majority (96%) of organizations who had an executive coach reported they would repeat the process again.
Individuals increase their productivity by an average of 86%, when training is combined with coaching, compared to just 22% with training alone.
What is executive and leadership coaching?
The focus areas of executive and leadership coaching are similar, as they help clients:
Perform at high levels with consistency, greater ease and less stress
Become more impactful and inspirational leaders to drive sustainable change through the organization
The differences between executive and leadership coaching depend on a client’s mandate and scope of responsibility. Executive coaching focuses on c-suite and top-level leaders of an organization, while leadership coaching targets middle and upper-middle managers.
What are the benefits of coaching for an individual?
Increased clarity and effectiveness: Clarity is about connection to purpose, confidence in knowing what’s important, and improving your ability to filter out the distractions, noise and stress that keep you from performing at peak levels. Having less stress and more focus when making decisions and solving problems results in deeper and more productive interactions with colleagues and stronger alignment around goals. This leads to better outcomes.
Greater confidence in taking on challenges and opportunities: Fear comes from projecting a future where you anticipate a negative outcome. It is limiting and causes tentativeness. As a result, you hesitate, play small or hold back. Fearlessness, on the other hand, allows you to lead and perform to your full potential. Instead of being held back by challenges, obstacles and fear, coaching helps create a mindset that will allow you to be open to and confident in creating and taking on opportunities.
Improved communication and connection with others: Effective communication is a critical management skill and key to becoming a great leader. Do you want to inspire others to achieve what they previously thought was impossible? You can by building strong skills in active listening, delivering appropriate feedback, and connecting their key motivators and actions to meaningful, transformative company goals.
What are the organizational benefits of coaching?
More effective and productive leaders and teams: While knowledge or skill gaps can impact leaders’ performance, most of the time it’s derailing or limiting behaviors that impede their effectiveness. When this happens on a broad scale, the implications for the organization can be severe. Leaders who think “me” instead of “we” or who have an “us” versus “them” approach damage their teams’ chances for success and harm their own reputation. Coaching develops leaders to build a committed and loyal following with high levels of engagement, performance and productivity.
Greater collaboration: Coaching helps leaders and teams shift from competing to collaborating with each other. Instead of viewing every interaction and opportunity through a lens of “win-lose” or “it’s-OK-if-you-win-as-long-as-I-win-first,” coaching helps leaders and their teams seek a “win-win” whenever possible. Leaders learn to identify what’s most important to them, how to uncover when competing interests are actually in alignment, and how to leverage creativity and versatility to develop solutions and take actions.
Positively shifts team culture: Coaching teaches leaders how to foster a team culture that is driven by and focused on creating and capturing opportunities instead of defending against threats. Rather than being trapped by indecisiveness or held back by fear of failure, leaders and teams build discipline around decisiveness and action in all situations.
How can individuals and organizations start with coaching?
It can be lonely at or near the top. A leader may lack a trusted advisor or confidante to be their sounding board, advocate or partner. A coach who can both “hold a mirror up to the client” and champion them in non-judgmental ways is a valuable ally. A coach helps leaders gain insight into how their leadership style, behaviors and beliefs either serve them well or work against them. This awareness is vital to a leader’s success.
There can be a gap between how you think you come across and how others perceive and receive you. When a leader or an executive is unaware of that gap, they’re not going to perform at their peak levels. They’re going to encounter resistance and likely feel frustrated, misunderstood, angry, drained, overwhelmed and unfulfilled.
Partnering with a coach shines a light on what has been hidden from you so you can respond more productively in situations that might have derailed your performance. Most importantly, coaching will help you build confidence to perform full-out and without fear.
Are you ready to explore how coaching can benefit your career? Or do you want to develop leaders and talent within your organization? Schedule a complimentary discovery session today.