Executive coaching has been proven to be one of the most lucrative business endeavors to date. It is not a surprise at all why the business is still growing and becoming popular. Not a lot of people understand why executive coaching has grown fast in the past couple of years. Most people assume that it is all but a leadership development training trick. To answer your doubts, this is not true. Executive coaching has actually benefitted a lot of companies for a long time. To know the value of executive coaching for your business in this day and age, this is the article to read.
A research study on one hundred companies was recently done that helped determine what strategies worked best in developing employees to be leaders. For more than half of the respondents, they have stated that the use of external coaches has helped them. When a follow-up survey was done, it was determined that the importance of the use of external coaching has increased. There is no denying how much value external coaching has achieved.
Executive coaching would not have existed today as being used by companies if not for the number of benefits that they have provided them. If you look at companies in the past few years, you will see that they have become much leaner and flatter. This is done in order for leaders to be much closer to their customers. This has also helped keep the costs in check while making sure that the company remains competitive in the global market. You often see managers that receive at least ten to fifteen direct reports. Their time is basically on high demand that would only live them little time left to do some mentoring and coaching to their reports. They do not have the time anymore to invest in coaching. That is why the use of executive coaching services always comes in handy.
Another issue with most companies these days is that they become so busy with their tasks that their leaders also take a lot of toll on these things. For managers to be productive, they all have these handheld devices that make their services available 24/7. With a steady stream of communication, managers put themselves in an available status all the time. This has led to managers not having all the time in the world to do what needs to be done both at work and at home. This leaves managers that do not have the time anymore left on their part to do their executive coaching task. That is why companies can once again benefit from the services of executive coaching companies. Here is more info about professional development.
You cannot deny the fact that executive coaching services can truly benefit your company in more ways than one. It is a must that you should settle with a company that can also really give you competent executive coaching services so it becomes a win-win situation in the end. Read here for more : https://www.huffpost.com/entry/5-ways-to-get-the-most-out-of-executive-coaching_b_59b95143e4b0390a1564da3b.