| Executive business coaching is a proven | | | | Management Association suggested that when |
| management strategy to help increase the | | | | training is combined with coaching, individuals |
| management wins for business teams whether | | | | increase their productivity by an average of 86% |
| Fortune 1000 companies or small businesses. A | | | | compared to 22% with training alone. Another |
| recent report by Management Research Group | | | | survey by Manchester, Inc. of 100 executives |
| released in May of 2006 that surveyed 6,000 | | | | discovered that executive coaching provided an |
| companies and 800,000 individuals in 100 counties | | | | average return on investment of almost six times |
| suggested that executive coaching by its focus | | | | the cost of coaching. The Hay Group reported |
| on the whole person increases the effectiveness | | | | that 40% of Fortune 500 companies use |
| the management team as leaders. | | | | Executive coaching. |
| In an earlier study of a Fortune 500 company in | | | | Executive coaching can increase the management |
| 2001, Dr. Merrill Anderson of MetrixGlobal | | | | wins for any organization provided there is: |
| determined that executive business coaching | | | | - Alignment to the strategic plan |
| resulted in a 529% return on investment ( ROI ). | | | | - Identification of pre-determined benchmarks |
| For every dollar spent in coaching, $529 were | | | | - Partnership with education and training programs |
| returned to the company through increased | | | | - Selection of results focused executive coaches |
| performance. Additional studies from Dell, IBM, | | | | - Implementation of a proven coaching process |
| Kodak and other companies have helped to | | | | - Continuous improvement or quality processes in |
| catapult this new business and change | | | | place |
| management strategy. | | | | - Corporate culture where top management walks |
| Sports teams have known for years that a good | | | | the talk |
| coach creates a winning team and winning teams | | | | Yes, executive coaching is a proven strategy and |
| achieve more goals. Coaches have the ability to | | | | may be just the solution that you are seeking to |
| build relationships with their charges and create an | | | | increase your management wins. Just make sure |
| environment of introspection and reflection. | | | | that if you implement this solution, that it is not a |
| Coaching is not a new strategy, but one that is | | | | silo solution, but one that works with the entire |
| showing increased measurable results. | | | | organization. |
| For example, an internal report of the Personnel | | | | |