Why Everyone needs a Coach?

02/09/2016Why Everyone needs a Coach?

Rapid change in the global business environment is accelerating the use of coaching, according to a report in Harvard Management Update. Traditional leadership approaches, analysts say, can’t cope with today’s faster paced business processes and transformations.


Modern leaders are challenged with complex stakeholder relationships and interdependencies, greater workplace diversity and ever-pitched global competition driving radical organizational restructuring which require complex thinking skill set, resilience, emotional and social intelligence, and leadership agility, all of which call for coaching. Coaching is the most convenient and flexible way for leaders to progress up the learning curve quickly enough to handle the competition and speed of global business cycles.


Numerous studies have shown that the growth in executive coaching is expected to continue, mostly due to the global trend of continued complexity and change that executives are experiencing within their business environments and industries.


  

According to the 2015 Shepra coaching global survey results, over the last six years (2010-2015), coaching has shifted from problem solving toward pro-active leadership development. Today, having an executive coach can be a status symbol, the mark of an up and coming leader being groomed for greater possibilities.


According to same source, there are many business processes that benefit from improved business behavior: communication, teamwork, collaboration and accountability are all a part of the benefits executive coaching is designed to produce. Which business processes get the most significant boost from executive coaching? The biggest winner is ‘change management’,shown on the bottom of the chart on the right, in green.


The next area where value is most often seen from coaching is ‘creating growth’, followed by ‘productivity’.