Clients of executive coaching are leaders of high executive positions aiming at improving their skills to manage in an effective manner and reaching higher business results. Main topics in this type of coaching are strategic thinking, building and improving organizational structure, change management, conflicts management, work/life balance, etc.
In my practice coaching for leaders is a boutique service focused on developing leadership results and achieving higher levels of effective professional performance, increased job satisfaction, personal growth and business development.
The position on top is often a very lonely place. Leaders often do not have anyone to talk to about the challenges they face because they may not be understood, they need to be confidential or they are afraid to seem vulnerable and confused. Business coaching is opportunity to “hear out loudly”, to take the chair you are sitting on, to pull it aside and see from there yourself and all the possible decisions in a safe area of complete confidentiality and support for achieving highest levels of functioning both as professional and human.
Coaching facilitates education and achieving the best results by widening perspectives, identification of strengths and areas, where there is need for education and improvement and what is most important to be paid attention on during the coaching.
Some of the most often present topics in business coaching for leaders are:
- Developing your own authentic and charismatic leadership style
- Strategy, vision, mission and values of the company. Are these synchronized with your personal ones?
- How should company goals be communicated with the employees?
- How to motivate and involve the team to achieve these goals?
- Time Management and priorities
- Work/Life Balance
- Change Management
- Effective motivation and self-motivation
- Interactions with partners and colleagues
- Delegation skills improvement
- Successful conflict resolving
During the process the client is actively engaged with planning, placing objectives and development of effective coaching plan. We start from defining the desired results, which should be specific, measurable, achievable and time framed. Next step is to plan actions necessary for achieving those. And like often happens in business, if the situation change, plans and deadlines can always be revised and updated according to the new circumstances. One of the additional benefits that leaders working with personal coach report is improvement of their skills to develop employees’ talent by acquiring new mentor and coaching skills through their own experience. They also developed their abilities for auto reflection and options analysis, which help the continuing education even after the coaching ends.
Coaching is relatively new method and approach for developing human potential. As PricewaterhouseCoopers’ research for International Coaching Federation (ICF) in 2010 shows that employers’ average ROI is 700%, i.e. 7 times.
The benefits of executive coaching for organizations are numerous. It stimulates strategic thinking, creativity and innovation both from workers and managers. Managers equipped with coaching skills are critical to building a culture of performance and continuous improvement. Coaching management is based on the coaching assumption that the employee has potential, knowledge and experience and has need of development and success. Implemented coaching culture means that the manager combines management with the best coaching skills to help individuals’ awareness, grow their potential; he believes in their success, motivates them to overcome all the challenges through and gives them a constructive feedback. Such managers help people find their strengths and point those which need an improvement, which leads to deeper engagement and higher personal effectiveness. Nowadays employees want to work for managers and organizations who are invested in them. By providing the training, coaching and feedback that they desire a coaching organizational culture increases their motivation and job satisfaction.
Use of coaching approach in organizations eases the change management, open communication and helps the effective implementation of new strategies, plans and initiatives. Company moves from problem solving to creating better solutions and well-shaped outcomes. Thus, coaching leads to optimization of work processes gives competitive advantage and increases the possibility for adaptation in constantly changing environment.
by Ivanina Zaharieva