Business owners, CEOs and business leaders also are in need of guidance, advice and coaching, just as other people in their organization. In fact, at times they need it very badly when they are in the middle of a crisis or a problem with no one to turn to in their own organization.
Corporate executive coaching comes in as a handy support in such times for CEOs and business owners who are looking for some fresh and practical ideas into running their business better. There are some pretty direct benefits of corporate executive coaching and in this post we are going to explore some these:
- Identifying executive strengths and development needs – this is a crucial area for any CEO to start making improvements. The key lies in identifying the real executive strengths and areas where further upgrading is necessary.
- Once the executive is able to identify the strong points, his next job is to leverage the existing strengths and push the performance graph up to the next level.
- Corporate executive coaching also helps the executive to gain insights into creating an executive strategy with an Action Plan. However, no action plan is complete without accountability and that is essential to help the plan stay on track.
- Another benefit which a top executive draws from corporate executive coaching is the ability and insight to adopt or reinforce executive leadership competencies. These competencies are crucial to the firm’s culture and productivity levels.
- Apart from strategic insights, corporate executive coaching also brings about substantial qualitative changes in behavior, approach and attitude. It helps the executive to develop and hone his leadership skills and practices and also pick some coaching skills which he can implement among his team.
- In terms of career planning and development too, corporate executive coaching offers some practical and realistic ideas to the executive which helps him to draw up an action-oriented, target based plan for career development.
- In a busy executive’s life, work and personal life often get inextricably mixed up. Coaching helps the executive to strike a better balance between life and work.
- Regular executive coaching is a great way of getting ongoing feedback and support.
Understandably, corporate executive coaching is necessary but expensive, especially a one-to-one session with the executive coach. For small business owners, the benefits of executive coaching are equally needed and necessary but affordability sometimes poses a barrier. A great alternative to one-to-one coaching is available in CEO peer groups, CEO clubs and CEO associations. These CEO conferences are attended by experienced and knowledgeable business owners who play a great role as peers to each other, discussing problems without inhibitions and sharing insights, ideas, advice and strategies.
Hence, the best way to go about getting some valuable insights into how you can up your performance, resolve problems and derive benefits from executive coaching is to confer with other CEOs and business owners in a reputable and reliable CEO association or CEO club. If you are living in a big city such as Atlanta, CEO associations or CEO clubs in the city can provide you with some great inputs and ideas for your business. Corporate executive coaching also brings some great benefits for your organization as a whole but more about that in our next post!
