Guest post written by Claudia Jeffery
Executive Coaching for Professionals
Professional coaching has been influenced by many fields, such as leadership studies, personal development, and even various sub-themes discussed in psychology.
However, one major area where it is paramount is adult education that involves the acquisition of new knowledge, skills, ethics, and values.
For several years now, business coaching has been viewed as an essential human resource development for executives and as a mean to improve personal effectiveness in a business setting. In the present executive coaching is offered as a means to advance and achieve specific goals.
According to a recent study by Rhythm Systems, 34% of US workers are currently engaged, and 13% are actively disengaged.
Furthermore, a Fortune 500 company studying the ROI of Executive Coaching found that 77% of respondents indicated that coaching played a significant impact on at one of nine business measures, producing a 788% ROI. Moreover, Manchester Inc. surveyed 100 executives from Fortune 1,000 companies a found that Executive Coaching realized an average ROI of six times the cost of coaching.
In light of this information, let’s take a quick look at some of the way through which Executive Coaching can help professionals reach their goals.
1. Acquisition of New Skills
Learning is a never-ending journey, and there is always room for improvement. Executive Coaching is often offered to managers because they have to deal and manage with a team which is comprised of many different individuals with unique talents and capabilities.
Hence they require the acquisition of new skills to adequately lead their teams and boost not only their own productivity but of their team members as well.
Furthermore, coaching also helps to sharpen the saw for already and previously acquired skills as well. Technology around us is rapidly shifting and progressing forward. This is also opening new doors and opportunities for businesses.
As the landscape itself is being altered, managers need an incredible list of skills to stay at the top of their game. Some common and popular skills sought by managers and acquired through coaching include:
- Time Management
- Leadership Skills
- Team Management
- Change Management (Adopting vs Adapting)
- Communication Skills
- Strategic Planning
2. Boosting Productivity
It is obvious that the primary goal for the leadership is to ensure that the performance of their employees is never compromised. Hence whatever hurdles that they encounter, which causes their productivity levels to dwindle must be removed from their path.
Companies and organizations can be brutal at times in this respect as much of their evaluations for an employee are based on how much output they produce regardless of whatever misery they might be going through in their personal lives.
This is acceptable to a certain degree though since we are getting paid for working rather than loafing around.
One of the best ways coaching can bring about improvements in productivity is through consistent feedback, counseling, and mentoring through a coach.
They can help you point out your shortcomings and work with you to overcome redundancies in your methods and be more proactive during work hours.
3. Conflict Management
The workplace can become a place of conflict, and while conflicts themselves are not inherently bad for business, it is the way they are managed which is important.
Many conflicts and their resolutions can, in return, augment business process and bring about betterment as well as improvements in the working environment.
This is why some effective coaching can help executives to acquire terrific conflict management skills. Some of the best themes studied under conflict management include:
- Stress management
- Mindful listening
- Willingness to compromise & collaborate
4. Delivering on Set Goals & Targets
Meeting due dates and deadlines are probably one of the topmost priorities for any workforce. Time is money, and how effectively we utilize our time paves the way for accomplishing more things in a given period or frame.
Managers are often held responsible for how well they monitor their departments and whether they are able to deliver on set agendas and requirements or not. One of the best things that coaching can help you to do is set achievable goals that are realistic and specific in nature.
After that, it is all about planning and execution required delivering those goals and accomplishing predefined targets. Each department of an organization works differently according to their set goals and objectives.
This can include sales, accounting, HR, IT, and marketing, to name a few. Managers of each department through effective coaching can cope up with on-going and current challenges to achieve milestones.
5.Exquisite Management of Resources
Resource management is vital to make sure that all assets are optimally utilized to the best of their capacities and that nothing is left unattended to ensure maximum results and outcomes.
However, there are degrees of resource management, and as an executive, you are expected to achieve the pinnacle or the topmost level of resource management so that business operations are not compromised in any way.
Coaching in this sense can help you to acquire the necessary skills needed to manage people which as well all know are the greatest asset a company could ever have.
However, apart from exquisite human resource management, executives also have to lay down blueprints, plans, instructions and guidelines that help to build the infrastructure that supports business operations. This allows them to yield the maximum outputs from their available resources.
6. Fostering Workplace Discipline
Discipline in the work environment is pertinent as it not only ensures that employees and the management are on their best behavior but also safeguards a certain level of safety in the workplace.
Discipline also helps in establishing trust and understanding between the employer and the employee. There are several ways through which executives can be taught to enforce discipline. Some prominent ways include:
- Leading with example.
- Reducing distractions, inconveniences, disturbances, interruptions, and anything else that causes disruptions in the workplace environment.
- Create a happy place where everyone gets a chance to participate as well as handle diversity in the workforce well.
- Strong policy making, providing guidelines, handbooks, and written material to inform employees of the dos and don’ts.
- Open-door communication with employees and colleagues.
7. Governing, Leading, & Monitoring Teams
Monitoring teams can be a tad bit difficult on most part as no one has the time to brood over the shoulders of people and make them feel uneasy or stressed out for no obvious reason.
Likewise, managers and executives are also expected to make sure that all tasks are carried out accordingly without facing any nuisances along the way.
Coaching can help managers realize the potential for the better governorship of their teams. Here are some administrations tips that can help you improve your own style as well:
- Providing the right tools, equipment, and software to your teams.
- Keeping a valid track record of work and progress made on a daily basis.
- Investing in the training and professional development of employees.
- Review processes and refine them where necessary.
- Plan ahead of time and communication strategies to improve team’s preparedness.
8. Holistic Approach
The famous saying by Aristotle “the whole is greater than the sum of its parts” seems to have inspired holistic management styles. While holistic management was originally developed for the agriculture industry by Allan Savory, however, it proponents can also be used to manage workplace issues and concerns effectively.
It has grown from there to nurture a new style of management that takes into account various influences such as economic stability, environment friendly, and socially sound decision making.
Managers can also be coached to develop their own holistic approaches towards the management of people. They can break down various inferences towards their work and determine how each variable impacts their work quality.
This, in return, can help them achieve a division of labor where each person can be assigned a specific set of tasks that are aligned with the overall company objectives. Finally, at the end, when all results are taken into account and assimilated under one umbrella, an organization can achieve more in less time and even lesser resources.
9. Inducing Innovations & Creativity
We are living in a world where consumers and customers are becoming increasingly demanding and difficult to please. In such an era, there is a strong need for businesses to induce creative and innovative approaches within the scope of business in order to keep themselves relevant for their audiences.
This can include the adoption of new technology, finding ways to attract customers through appealing marketing tactics or introducing new products or segments within their product lines. However, in order to do this, managers may be required to encourage employees and their subordinates to bring in new ideas or discover new frontiers where the business can find itself excelling in the coming years.
10. Resolving Workplace Issues
There is no office, firm, or establishment that has never come across a bottleneck within their operations. Breakthroughs are called breakthroughs because they are able to provide organizations with viable means to overcome adversities and difficulties faced during work.
Professional coaching of employees and management can help in changing their perspectives and even experience a paradigm shift which at times is necessary to look at things in a new angle.
Furthermore, there can be other issues that can also take prominences such as lack of resources, untimely delivery of raw materials, troubles with shipments, and various other challenges. Coaching can help managers to adopt new method and techniques to resolve such problems and bring about greater proficiencies at workplaces.
Through Executive Coaching, individuals can receive mentorship to unlock new potentials within them. It can help them achieve greater self-awareness and clarity in obtaining goals and objectives. Over the years and according to various studies, Executive Coaching has shown a tremendous prospective to improve performances of managers and deliver astounding results. For more questions regarding the topic, please feel free to mention your query in the comment section below.
Claudia Jeffrey currently works as a Sr. Research Analyst & Lifestyle Blogger at Crowd Writer. This is where higher education students can buy dissertation online UK from professionals specializing in their field of study. During her free time, she likes to indulge herself in mindful yoga and other meditational techniques.