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Executive Leadership Development - The Three Key Elements of Successful Business Coaching
FYI! Ask questions. Effective leadership involves empowering your downline to do things for themselves.
Effective executive business coaching is optimized when viewed within the context of achieving measurable business results. In the successful small business, coaching is conducted in keeping with the organizational structure of the business. It is seen to be part of the leadership skills development culture that fulfils strategic objectives and goals. A coaching program, within a business culture, works because it focuses attention on the people in the business. Coaching is a practice that emphasizes the importance of interpersonal relationships in getting the job done. It also demands that everyone is on a path of ongoing learning. No one can rest on his or her laurels in a high-performance business. Effective coaching programs also enhance corporate team building. They achieve this result because they send a clear message that the business takes each person seriously, as valuable individuals that make positive contributions to the business. Coaching enables people to understand themselves, identify their strengths, work with others more effectively and openly, and by so doing, contribute positively to the success of the business as part of an executive group. There are three key elements that are essential in having an effective executive coaching framework in a business. Element One - Accountability Insights about their performance gleaned from psychometric instruments and tools and input from others who work alongside them serve as valuable sources of information. By thinking through the issues and using their coach as an honest broker, effective business owners and managers are able to interpret the information, assign meaning to it and develop a plan around what to do. They take responsibility for their subsequent words and their actions. FYI! Your company’s history is important to your prospects and customers. Whenever possible and wherever you can, tell the story. The fact that you’ve survived and are successful is a story in and of itself. If you tell the story your customers and prospects will add it to the positive side of their decision tree - people want to do business with people they know about. We’ve interviewed a hundred successful business owners. There’s a link to their stories in the nav bar on the left.
Executive coaching is particularly well suited for successful people who are already performing at a high level of competence. They are self-motivated; they desire to achieve at a higher level; they have the necessary drive for learning and taking personal responsibility for managing both perceived and real gaps in performance as a means by which they raise the bar toward excellence. Element Two - Direction In successful businesses, the coaching function is outlined as part of the small business plan and integrated into the developmental culture of the business. The direction of coaching is determined by achieving agreed results through having individual development plans that are tied back to corporate plans at the strategic level. These are reviewed on an ongoing basis so that development is seen as a never-ending task. Effective business owners and managers are always learning themselves, and they see this learning as part of the continuous improvement cycle of the business. Often, individual coaching interventions reveal and uncover structural barriers to an individual achieving high performance within the business itself. Breakdowns in systems, processes, policies and so on may need to be addressed, within the business itself, for the individual to perform at a higher level. FYI! Competition, we all have it. The questions how to differentiate ourselves from them w/o sounding phoney or self-important. Leaders know the most effective thing to do is to talk about their company and how it services its customers and by implication how they will serve them today and in the future.
Coaching at the executive level in this sense becomes everyone’s responsibility, within the high performance business culture, in terms of developing plans that will remove such barriers to performance. It is worth noting that Dr. W. Edwards Deming, the father of the quality improvement approach, said that 85% of so called �people performance’ problems are caused by structural issues in and around the person concerned. Element Three - Openness This calls for strong relationships and straight talking at the business owner and management levels. Remember, coaching interventions are a function that is primarily for the benefit of the business, not the person being coached. FYI! Leaders know that thier position or title does not equate to leadership. Just because you may be the CEO, President or a department head does not mean you have leadership attitudes or ability.
This being the case, the whole business must create a supportive, collegiate environment of mutual respect, where truth telling is the norm. Performance issues and behaviors are the focus. Proposals for courses of action are talked through and discussed openly so that an individual’s particular strengths are enhanced and their weaknesses are managed and compensated for within an overall team context. Coaching is not about �fixing’ people. It is about getting high performance business results. People being coached in high performing businesses self manage and self correct around the issues being raised with them. Business coaching is not therapy. It is not financial, medical advice or counselling. If people need these kinds of interventions, they should be referred to trained professionals in those fields.
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