Executive Coaching 101: What It Is & How You Can Benefit
The term Executive Coaching gets thrown around a lot, so much that it can be hard to discern what it really means and how it’s beneficial. While every firm will bring something different to the table, there are some standard guidelines you should look for and expect.
What is Executive Coaching?
Personal growth should never stop. The moment we become comfortable, we also become stagnant. This is one of the many reasons companies create internal employee development programs. Using a tried-and-true framework, training materials, goals, and rewards, employees climb the ladder, improve themselves, have greater motivation, and feel more satisfied in their jobs. They also provide more value to the company. However, few organisations have any kind of development program for their leaders, which makes absolutely no sense. Even if you’re at the top, you should never stop growing and developing yourself. Executive coaching serves that function.
Who Uses Executive Coaching?
Naturally, it’s geared toward company execs and key decision-makers, whether the organisation is an established corporation or a start-up. Those who have potential to take leadership roles will also benefit from the additional training and development.
What Happens During Executive Coaching?
Generally speaking, there’s an intake process in which the coach and company or person involved in development sit down and hash out the motivation for going through the process, as well as what the goals are. Because each person has unique areas they need to focus on, the duration and aspects will vary. In some cases, it’s a single-session workshop, but many agencies will set the minimum duration at a week to ensure leaders get full immersion, with some plans ongoing for months. Content may surround:
- Generating Business Plans
- Building Interpersonal and Leadership Skills
- Developing Business Strategies
- Enhancing Efficiency and Productivity
- Improving Profits
- Creating Powerful and Actionable Goals
- Strengthening Critical Thinking
- Breaking Free from Creative Blocks
- Cultivating Your Ideal Corporate Culture
- Or Any Other Area, Dependent on the Individual
How Are Sessions Carried Out?
In today’s busy world, few of us have the luxury to sit down with people with in-person meetings, particularly those of us who operate businesses. Although face-to-face meetings are ideal, online and phone sessions can often work just as well, and may put coaching resources within reach for even the busiest exec. Generally speaking, sessions are one-on-one, but entire leadership teams can participate and grow together, depending on what brings them to the development program.
Interested in Executive Coaching?
Our Sydney-based practice makes it easy for execs, decision-makers, and future leaders to home in their skills, build confidence, and create better companies. Whether you’re local or global, we’ll connect you with the resources you need to be more effective and productive, no matter what challenges you face. For a free and confidential consultation with an experienced coach, click here now to book your complimentary business coaching session.