| Breakthrough
Business Coaching |
Coaching
is a collaborative and disciplined relationship. Its function
is to improve performance, working relationships, and effectiveness.
Business and executive coaching has proven its benefits thousands
of times. Coaching benefits include:
- A
cost-effective and proven means to receive direct feedback
from an objective and respected source.
- Convenient
executive improvement as they tailor the sessions to fit within
their busy schedules, without having to leave their office.
- Visible,
quick and cost-effective results. The return on investment
raises skill level and decision making ability with executives
who are committed to the coaching program.
- Reduced
burnout and stress levels for executives and sales leaders
participating in coaching programs.
A
2000 study published in Business Wire and conducted by Manchester
Inc. (a career management consulting firm) found that "…a
company’s investment in providing coaching to its executives
realized an average return on investment (ROI) of almost six
times the cost of the coaching."
The study revealed several specific improvements experienced by companies that
provided coaching to its executives:
- Productivity
(reported by 53% of executives)
- Quality
(48%)
- Organizational
strength (48%)
- Customer
service (39%)
- Decrease
in customer complaints (34%)
- Retention
of executives who received coaching (32%)
- Cost
reductions (23%)
- Bottom-line
profitability (22%)
Executives
who actually received the coaching benefited in the following
aspects:
- Improved
working relationships with direct reports (reported by 77%
of executives)
- Improved
working relationships with immediate supervisors (71%)
- Improved
working relationships with peers (63%)
- Increased
job satisfaction (61%)
- Conflict
reduction (52%)
- Greater
organizational commitment (44%)
- Improved
client relationships (37%)
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