In the modern-day business world, there is a lot of chatter about the benefits of executive coaching. But, how can it help you succeed?

As an executive, you are constantly bombarded with decisions to make, management orders to put into place, and employees to consult with. And, on top of that, there is a never-ending stream of emails, phone conferences, and meetings you must attend because of your power in the company. 

The high-demand put onto an executive position is enough to cause stress to anyone. So, wouldn’t it be ideal if you could manage all of this stress just by learning to be more structured and organized in your approach?

Executive coaching Is the Answer

Many top business executives have found a plethora of benefits that result from executive coaching. And, companies agree it’s a good investment. According to Harvard Business Review, “Many of the World’s most admired corporations, from GE to Goldman Sachs, invest in coaching. Annual spending on coaching in the US is estimated at roughly $1 Billion Dollars.”

The investment is one well-spent because of the return it brings back to the companies. MetrixGlobal LLC conducted a study with Booz Allen Hamilton, a consulting service that offers executive coaching. The initiative of the study was to evaluate the worth of executive coaching. The company’s goal was an increase in company revenue. The outcome was greater than they could have expected. They received $7.90 for every $1 that was spent on executive coaching sessions, according to the data recorded. 

Bruce Grimley is an author and managing director of Achieving Lives Ltd, an Associate Fellow of the British Psychological Society. He also reigns as the U.K. President of the International Association of NLP Institutes and Coaching Institutes. 

In his book, “Theory and Practice of NLP Coaching: A Psychological Approach”, Grimley quotes Businesswire in order to emphasize how important executive coaching is to companies, “The business demand for coaching is nearly doubling each year. Out of the $80 billion being currently spent on corporate education, FLI Research estimates that $2 billion is spent on executive coaching at senior executive levels in Fortune 500 companies.”

But, in order to understand why companies and individual employees benefit so greatly from these one-on-one sessions, we must delve deeper into company make-up and how executive coaching can enhance it. 

What Is an Executive?


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Before we dive into the world of executive coaching, it’s vital to understand what an executive is. According to “The Effective Executive: The Definitive Guide to Getting the Right Things Done” by Peter F. Drucker, an author, management consultant, and contributor to the foundation of the modern business corporation, an executive is any person in a company in charge of making decisions. 

A decision-maker is considered an executive because the outcome of a decision affects an entire company. It doesn’t just affect a sole employee or their department. So, though their title may not be ‘executive’, they certainly have the power to make changes both positively and negatively within an organization. 

An executive’s role, according to Drucker goes way beyond just decision-making. On his journey to being an ‘effective executive’, an employee must work on self-improvement. An employee must develop his career skills to act as a role model for the workers around him. This is where executive coaching can come in handy. 

So, What Is Executive Coaching?

Executive coaching is the process in which a professional coach facilitates a thought-provoking one-on-one session with an employer who has a high-ranking in their company. This is someone that traditionally holds the title of  ‘executive.’ But, that doesn’t mean those are the only business people who can benefit from executive coaching.

These intimate one-on-one sessions are tailored to help employees with decision-making impact on their organizations. And, to help them to utilize better organizational methods. And, as a result, further develop their position as an executive on a company-level, as well as a personal one. 

What Are The Benefits of Executive Coaching?


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We’ve talked about the way businesses have boomed after having executive coaching. But, how do you know if it’s right for you and your team? First, let’s look at why you would want to give it a try.

There are a number of reasons why you would want executive coaching for yourself and for your employees:

  1. Become A More Effective Leader
  2. Gain Competitive Advantage
  3. Improve Self-Confidence
  4. Learn To Trust Your Team
  5. Focus On Your Goals

Use Executive Coaching To Become An Effective Leader

By using executive coaching as a tool, employees will embrace a greater understanding of what it is to be a leader. And, they will be on their way to fully developing their leadership mindset

Students of executive coaching will learn to lead by example by immersing themselves fully into their work. This will lead to them managing their team in an organized and cooperative environment. This method of leading will help to shine spotlights on the strengths of individual employees. By shining that spotlight, they will get the most out of their diverse team. 

Gain A Competitive Advantage


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It will also gain you a competitive advantage in your industry. Embracing the modern business world and all the tools and resources it has to offer, is important. Services such as executive coaching will give companies the upper hand they need to succeed. 

Their revenues will soar higher than the companies that did not receive coaching. And, that’s because companies who have coached-executives run more smoothly and more efficiently than companies that do not. They have learned to adhere to a certain structure that puts a priority on its company’s end-goals while using their time, resources, and employees efficiently.  

Improve Self-Confidence

On a personal level, it will improve self-confidence, which will, in turn, will make you more efficient and effective as a leader and decision-maker. 

People who radiate confidence are thought to be good leaders because they can clearly and defiantly make decisions that affect the company’s well-being. Being an executive with self-confidence is essential in order for employees to feel secure working beneath you. If an employee does not believe their leader is confident in their decisions than they will not take their job seriously. 

 Trust Your Team

Executive coaching will help you learn to trust your team. Going back to Peter F Drucker’s, “The Effective Executive,” Drucker discusses how a leader should only delegate a job to another employee if that employee can do the job better than him. That means an executive must learn to trust their team in order to embrace the strengths of their employees.

This also helps to foster a cooperative work environment, which Drucker explains is the key to getting the most out of your employees. By allowing workers to feel as if they have a larger role in the big picture of the company and by listening to their opinions and concerns, employee engagement within companies increases. 

Focus On Your Goals


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Executive coaching will help you to focus on your goals and work toward them. These goals could be personal, such as to be a more efficient leader. But, being efficient results in a benefit to your company, as well. 

Or, it could be a company goal such as an increase in sales. Or winning an award or being recognized as a top-shark in the industry. This goal could even be nested internally in the company for the purpose of better operations. An internal example would be to develop better communication between departments. 

Whatever your personal or company goal is, executive coaching can help get you there. It helps you to keep your eyes on the end-goal. And, teaches you to track whether the decisions you are making are leading you in the right direction. 

Where Can You Seek Executive Coaching?

If you are interested in participating in executive coaching, a good place to begin is to talk to your employer. See if they would be open to investing in your personal and professional development. A number of big consultant companies offer executive coaching services. But, there are also many professionally certified individuals who have private practices. 

A few sites with directories to filter through are Noomi, Center for Executive Coaching, My Coach Match, and Trusted Coach Directory

But, it’s important to find a coach that is right for you and for your company in order to ensure your company’s success. So, don’t be afraid to ask initial interview questions to the potential coach to get a sense of what they preach. You want to make sure your company’s morals, ideals, and goals align with their coaching method. 

Executive Coaching Is the Key To Success


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In the modern-day business world, there is are many resources will help companies propel their revenues, their employee’s engagement, and their efficiency. And, executive coaching is one of the top leaders in this innovative success movement.

Companies, again and again, utilize the power of executive coaching in order to better reap the benefits of their employees and create an efficient environment in which cooperation is embraced. 

Q&A

  • What Is An Executive?

An executive is traditionally someone with either an executive title in the company. It’s any employee who makes decisions in which the outcome affects the entire company. 

  • What Is Executive Coaching?

Executive coaching is a modern-day business tool that employers use to forward their employee’s development. It is a one-on-one session with a certified professional. The session focuses on creative and thought-provoking practices that will enhance their abilities to lead and make decisions.

  • Why Would You Want To Have An Executive Coach?

There are many reasons why you may hire an executive coach. 

  1. Become A More Effective Leader
  2. Gain Competitive Advantage
  3. Improve Self-Confidence
  4. Learn To Trust Your Team
  5. Focus On Your Goals
  • Where Can You Find An Executive Coach?

You can find executive coaches through consulting agencies, on online directories, or by talking to the higher-ups of your company.