| In today's extremely difficult economic | | | | during this time can make the difference between |
| environment where every organization is trying to | | | | a smooth transition and one that ends up badly. |
| get more out of less, the quality of leadership | | | | 4. Mentor senior executives |
| becomes exceptionally important. Change is the | | | | It often seems that the higher up you go the |
| norm. Organizations are selling, merging, | | | | fewer people you have to confide in. The more |
| downsizing and right sizing creating what seems to | | | | that you are cut off from open communication |
| be an endless state of chaos and one that if not | | | | with peers, the more self contained you become |
| managed correctly, can spell doom for the | | | | and that can lead to a staleness. Having a coach |
| company. This challenge, this requirement to have | | | | or a mentor can provide the senior executive |
| strong management during times of change is the | | | | with the sounding board he so desperately needs |
| principal reason organizations are investing in | | | | to stay fresh and innovative. |
| leadership coaching programs. Getting the best | | | | 5. Create productive management teams |
| performance possible out of senior leadership is a | | | | Many of the same skill sets that a coach would |
| solid investment in a company's financial future. | | | | use with an executive one on one can be applied |
| 1. Improve "Change Management" | | | | to groups or teams as well. Team management is |
| Studies show that 70% of businesses who go | | | | becoming a popular way to combine the best of |
| through a downsizing don't realize any economic | | | | the organization's talent but it also comes with |
| gain for over a year because of the almost | | | | potential problems in communication and mutual |
| immediate drop in productivity that the downsizing | | | | respect. Coaching can help cut through those |
| causes. Leaders charged with the transition of a | | | | problems and have the team in a productive |
| downsizing can benefit from coaching and learn | | | | mode quickly. |
| what they must do to avoid the common | | | | 6. Improves loyalty and commitment |
| problems of low morale and serious slips in | | | | The very fact that the organization is spending |
| productivity. A coach can help explain the | | | | some of its precious resources on an executive |
| challenges and how the leaders abilities can best | | | | almost compels that executive to succeed. Being |
| be used for a successful transition. | | | | the recipient of one on one coaching and |
| 2. Keep "Rainmakers" motivated | | | | improving personal skills and strengths is viewed |
| There are always that group of highly talented | | | | as a very special benefit and will engender a |
| people that key to a businesses operation. They | | | | higher sense of loyalty and commitment to the |
| sell more, they motivate better, they are | | | | organization's mission and vision. |
| geniuses in finance and you don't want to lose | | | | 7. Improves bottom line |
| them. Getting that group coaching accomplishes | | | | We started this article off by saying companies |
| two things. It demonstrates to the individual that | | | | are looking to get more out of less. Coaching gets |
| the organization values their service and prevents | | | | better management skills, sounder decision |
| brain drain. Secondly, high achievers are always | | | | making, higher levels of energy and an inspiring |
| looking for a way to sharpen their edge and | | | | leadership from fewer executives. These qualities |
| coaching satisfies that need. | | | | drive sales and productivity and are key elements |
| 3. Assist new executives | | | | in driving dollars to the bottom line. |
| When an organization promotes a person into an | | | | Leadership coaching may very well be the best |
| executive position, particularly if they are coming | | | | "survival insurance" that a company can have. If |
| from sales or a technical department, business | | | | you've got good talent, give them the tools to |
| coaching can ge them up to speed in their new | | | | live up to their full potential and be great talent. |
| managerial responsibilities quickly. Having a coach | | | | |