Marc Schwartz Explains Success Coaching for Business and Personal Growth
Over the last 20 years, coaching has become a staple of many progressive companies and individuals alike. Eager for more effective tools to help them and their organizations move beyond the limitations of traditional organizational development programs and process improvement curriculums, executives and managers are discovering how success coaching can expand people’s ability to take effective action and become real high performers.
Beyond the quick fix, success coaching embodies a deep, personal learning process that makes it possible for individuals to excel in areas where they are currently ineffective. Now, more than ever, companies need sustainable high performance if they are to achieve a competitive advantage especially during the major workforce power shift that we outline in our book, POWER SHIFT , The New Rules of Engagement for Leading a New Generation.
Athletes typically have a coach to assist them to be the best they can be and so should business executives as well as entrepreneurs and individuals seeking a next level growth. A success coach inspires you to go beyond where you normally might stop, to achieve exceptional performance, enhanced productivity, a balanced life, or to manage your personal business and work in a more effective manner.
Why Coaching Is Valuable for Executives
Success coaches are trained professionals with excellent empathic, goal setting, communication and follow-through skills, who rely on their formal and informal experience in both business and psychology to perform a variety of roles. This can range from interventions on dysfunctional teams to counseling CEOs on wielding their power more effectively as in teaching them to inspire and influence rather than command and control.
Research from Case Western Reserve University’s Weatherhead School of Management shows that the impact of coaching-like training can last seven years vs. seminar-heavy schooling which usually vanishes within a few months. The emotional-intelligence skills coaches specialize in help CEOs create more productive cultures, which in turn drive up profits, according to Daniel Goleman, Author of Primal Leadership. “Without a coach, a lot of CEOs are likely to give up.”
Why Coaching Is Valuable for Individual Contributors In A Company, Entrepreneurs Who Want To Start Or Build A Business and Individuals Who Want To Grow & Evolve To The Next Level
Professional coaching brings many wonderful benefits: fresh perspectives on personal challenges, enhanced decision-making skills, greater interpersonal effectiveness, and increased confidence. And, the list does not end there. Those who undertake coaching also can expect appreciable improvement in productivity, satisfaction with life and work, and the attainment of relevant goals.
Entrepreneurs are generally lifelong learners; an executive coach may be the only person in your life who is solely devoted to accelerating and supporting your learning, growth, and self-knowledge. This in turn, supports you making the best possible decisions and doing the best possible work for your and your company.
ROI For Coaching
Dr. Merrill C. Anderson did a study several years ago for a Fortune 500 firm to determine the business benefits and return on investment for an executive coaching program and found that coaching produced a 529% return on investment and significant intangible benefits to the business.
Further, coaching was considered a key enabler in helping this Fortune 500 firm accelerate the development of their next generation leaders because the participants could work individually with a coach to develop specific competencies. Three quarters (77%) indicated that coaching had a significant impact on at least one of nine business measures to include (60%) specific financial benefits.
Brenda Wilkins, Ph.D., University of Montana says “Coaching is a relationship where a coach supports, collaborates with and facilitates client learning by helping a client to identify and achieve future goals through assessment, discovery, reflection, goal-setting and strategic action.”
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Also, learn more about Emotional Intelligence from Daniel Goleman in his book, Primal Leadership. Get a discount on his book NOW!