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The world of executive coaching has changed significantly over the last decade. As the industry has matured, it has seen a broadened use in the mainstream business world as an important vehicle for strategic leadership development.
Paul Michelman in the Harvard Business Review notes that, “One-on-one interaction with an objective third party can provide a focus that other forms of organizational support simply cannot.” (Harvard Business Review, June 13, 2005)
Research studies and publications abound regarding the importance of effective leadership on the success of an enterprise. Employed strategically, executive coaching builds both the organization’s current leadership capability, as well as its leadership pipeline for the future.
“Coaching is not just something that affects a single career but can have dramatic effects on the success of the entire company.”
~Monica McGrath of the Wharton School of Business
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In simple terms, coaching is about enhancing performance and satisfaction—and not just for the leader. Effective coaching results in a powerful alignment between the leader’s actions, her/her influence on the actions of others, and the company’s business objectives. A company’s decision to invest in leadership coaching recognizes this alignment as critical to its success.
At its best, leadership coaching creates a workplace in which leaders are inspired, and know how to leverage their talents in ways that bring others into their vision.
An effective coach works in partnership with the leader to discover and implement unique solutions, accelerate learning, and build critical capabilities—always in the context of achieving business objectives more efficiently, effectively and with positive impact. |
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