It seems that executive coaching has turned out to be a billion-dollar business these days. It is not a surprise at all why the business is still growing and becoming popular. A lot of people have all these questions of why executive coaching has grown rapidly over the years. Up until this day, some people strongly believe that this kind of leadership development program is all but a gimmick. To answer your doubts, this is not true. In the past couple of years, executive coaching has truly been proven to help a lot of companies expand, achieve success, and be what it is today. To know the value of executive coaching for your business in this day and age, this is the article to read.
A survey of a hundred top companies across the glove has been done to identify the most effective strategies to make leaders out of employees. For more than half of the respondents, they have stated that the use of external coaches has helped them. When a follow-up survey was done, it was determined that the importance of the use of external coaching has increased. You cannot disregard the fact that external coaching has really played a significant role in the success of a lot of companies in more ways than one.
Executive coaching would not have existed today as being used by companies if not for the number of benefits that they have provided them. When it comes to organizations over the years, they have turned out to be leaner and flatter. This is done in order for leaders to be much closer to their customers. This has also helped keep the costs in check while making sure that the company remains competitive in the global market. From the point of the manager alone, they are able to receive direct reports ranging from ten to fifteen. Mentoring and coaching on the part of the manager seems hard to accomplish with the increase in demand that they get from doing their primary tasks. Managers of today are not the same as in the past where coaching was made easy. This is one of the reasons why executive coaching is increasing in demand.
When it comes to most if not all companies, they are too preoccupied with their busy tasks and their leaders are no doubt included in them. Handheld devices that are internet capable have made managers available 24/7 just to be productive. With a steady stream of communication, managers put themselves in an available status all the time. This makes the schedule of any manager too busy for them to handle everything. Managers cannot simply make room for effective executive coaching. This is one of the reasons why executive coaching exists.
You cannot deny the fact that executive coaching services can truly benefit your company in more ways than one. Just make sure that the company that you hire for these executive coaching services are the right one.