In today's rapid-fire business
environment, executives have little
time to hone their leadership skills.
As a result, many latch onto quick
solutions that rarely work.
Many executives turn to management
books for help.
They often select
titles based on length, reading as
many pages as possible on a plane ride, rather than real instructional value.
Often, executives are left frustrated
after consuming these books. The
solutions are superficial and donšt
lead to the exact results most
executives expect.
The fact is, management takes more than
'one minute,' and figuring out where
'the cheese' is doesn't explain complex
organizational dynamics.
If intricate
business issues could be solved in 100
pages or less, why do so many leaders
struggle to become tops in their field?
And what can they do, given their
tremendous day-to-day job pressures?
One solution for an executive seeking
long-lasting change: Engage a qualified
executive coach.
What is coaching?
In the past few years, coaching has
emerged as one of the most effective
ways to cultivate professional and
personal skill sets for both teams and
individuals.
Typically, someone other
than the executive's supervisor does
the coaching. This allows for greater
objectivity and the freedom to
experience learning on a person's own
terms.
"Executive coaching" is the term used
to describe coaching for senior
business leaders.
There is a
collaborative, individualized
relationship between an executive and a
coach. The goal is to inspire sustained
behavioral change and to transform the
quality of the executive's work and
professional life.
Even though
executive coaching focuses on work
situations, coaching can often result
in significant personal transformation
as well.
Some areas in which executive coaches
can help include:
- Developing interpersonal and
communication skills;
- Managing time;
- Balancing work and life issues;
- Dealing with conflict;
- Thinking strategically for business
planning;
- Improving customer service.
A 2001 study by Manchester Inc. showed
that coaching brings about major
changes in developing leadership and
management skills.
Coaching also
fosters personal growth, business
agility, and enhanced communication
skills, all of which can significantly
impact a company's bottom line.
Coaching is a conversation. It's a
dialogue between a coach and a client
that focuses on achieving results.
Whether it's learning how to
communicate better, balancing multiple
priorities, or making effective
presentations, coaching helps people
access the things they know.
Coaching is also learning. The coach is
not a teacher and isn't necessarily an
expert in the fields of those they're
working with.
But a coach can observe
behavior, assess what the client isn't
seeing, and create ways for the coachee
to act in a new way.
How coaching works
Coaching involves listening,
reflecting, asking questions, providing
self-observations, and doing exercises.
The coach creates an environment where
the client ultimately becomes self-
correcting (learning how to correct the
behavior themselves) and self-
generating (creating their own
questions and answers).
Coaches must ask the right questions. A
coach engages in a collaborative
alliance with the individual to
establish and clarify a purpose and
goals, and then develops an action
plan.
Sometimes a coach will get
permission to ask others about
someone's job performance and present
the findings to the client.
This often
creates an opportunity to gather
genuine, anonymous feedback about a
supervisor's management skills without
putting employees at risk.
Change and transformation are also key.
Coaches enable the individual to grow
and generate new behaviors, striving
for long-term performance.
Behavior
patterns are tough to change. But a
coach observes the habits and opens up
new possibilities, providing support
during the difficult process of change.
Coaching in action
Tracey, a training director for a
technology firm, would try over and
over to get organized.
She went to
Franklin Covey training and purchased a
Palm Pilot. But she was still losing
many hours of productivity trying to
organize her multiple projects and
deadlines.
After attending four
different workshops on time management
and using several software packages,
Tracey still could not get organized.
Her next move: Hire an executive coach.
The coach helped Tracey realize that
she was trying to fit into systems that
didn't support her work style. Tracey
was a highly visual person who needed
to see things in order to find them.
Her coach worked with her to design a
large wall rack so she could see her
projects and folders every day. This
small change had an immediate impact on
her work.
Almost overnight, Tracey became more
organized. She even found time to start
writing a book, a project she never had
time for before.
Within a year,
Tracey's job performance not only
improved, she found that she was more
organized in managing her finances when
she applied the same approach at home.
Return on Investment
Coaching offers a very attractive
return on the initial investment, or
ROI.
This is one of coaching's most
significant benefits, as a
developmental tool.
The most widely cited research on
coaching comes from a 2001 study by
Manchester Consulting.
One hundred
coaching subjects were asked to
estimate the monetary value of their
coaching experience. From there,
Manchester developed a "conservative
ROI" estimate of the coaching.
The
study determined that coaching returned
more than five dollars for every dollar
spent.
Executives who engage coaches
understand that changing a behavior
doesn't happen overnight.
They
understand that no book speed-read will
transform their careers.
Coaching
involves a real commitment to deeply
understanding the changes that are
needed to increase an executive's
effectiveness.
And by going beyond the
bullet points in a 100-page management
booklet, coachees have given themselves
a competitive career advantage.