Executive coaching can help you understand your current profile, identify opportunities, and develop the necessary skills to grow your career.
Executives today face challenges of a rapidly changing environment due to disruption and innovation. It calls for changes in leadership, organisational models and the deployment of resources. CNBC reports, “The average age of a company listed on the S&P 500 has fallen from almost 60 years old in the 1950s to less than 20 years currently,” according to Credit Suisse. This trend is expected to continue. As organisations get flatter, the executive is under even more pressure to take on additional responsibilities. This twin threat puts more demand on you.
An experienced coach can assist executives to deal with, and take advantage of such changes by enhancing leadership skills, working more effectively and producing high-quality work. Coaching helps unleash your potential by increasing awareness, assessing your strength and areas of development, sharing his experience to act accordingly to accomplish more.
Here are some common situations and area of focus:
Transitioning into a higher level role
Positioning for career growth
Expand ability to manage remotely, and across different countries and culture
Improve communication, people development, time management, planning and organising skills
Improve management capabilities such as delegating, performance management, prioritising
Lead and manage transformational changes
Increase employee engagement for better work environment
Improve collaboration across organisations
Achieve operational excellence
Increase customer service capability
Improve teamwork, relationship and performance
Resolve workplace challenges
How does it works ?
Executive coaching provides access to deep experience, a fresh perspective, and a safe environment in a Four Step engagement process.
Step One. Awareness
For successful engagement, the client must first be aware of the need. They need to know what their career goals are, their motivation and challenges are. The initial meeting between the coach and the individual clarify the needs, the expectations, and what they want to accomplish. The executive has to be committed to the process as a very high degree of openness is necessary. They are also assured of the confidentiality.
Step Two. Assessment
This step will develop a clear current situation. Depending on the type of roles, different assessments may have to be conducted. The objective is to have a identify the capabilities, hidden strengths, areas of development, blind spots and personalities. With an all-rounded understanding of the individual, a personally tailored action plan can be designed. Developing a high degree of trust is paramount for the creation of a safe environment. The client will also assess the coach at this point and make sure that this can be achieved.
Step Three. Action
The actions by the coach and individual, timeline, expected outcomes will be reviewed and agreed upon. One of the key features of executive coaching is for the client to discover themselves through asking the right questions. Like the old saying “teach the man to fish”, the objective is to acquire a set of skills applicable for different challenges. The coach and the client will hold regular meetings to review the progress of actions. Such actions may include trying out a different approach, utilising a new skill, attending training, or work with others to gain knowledge. The deep experience of the coach is put to good use. It is not just a matter of how much he knows. He can share the mistakes he made or common pitfalls and how to avoid them. Being an outsider to the organisation, he can also offer a fresh perspective.
Step Four: Accomplishment
With a successful engagement, it is time to solidify the accomplishments. Skills will be sharpened and habits formed to make this a new way of operating. A review of what you set out to do, and what was achieved will help determine if any further engagement are needed. Meetings between the coach and the client will be reduced or stopped accordingly.
In conclusion, executive coaching is the most effective way for executives to learn how to deal with the new complexities and challenges and achieve their career goals. The 4 'A's of executive coaching will enable executives to be effective leaders of various teams. It is also an effective approach to develop one's career.