If you’re not familiar with professional coaching, often referred to as executive coaching, then now is definitely the time to learn! American companies now spend more than $1.5 billion annually on executive coaching for their leaders, a trend that is sure to continue rising in the future. Rather than investing so much money on training employees below the leadership level, businesses now understand that executive coaching is an investment with infinitely higher returns.
By understanding the role of executive coaching and realizing the benefits it can bring to your company, you can begin to make plans to integrate this valuable strategy into your own business model.
What Is Executive Coaching?
The Executive Coach Academy defines executive coaching as, “a facilitative one-to-one, mutually designed relationship between a professional coach and [a leader] who has a powerful position in the organization… The coaching [benefits the leader] who is accountable for highly complex decisions with wide scope of impact on the organization and industry as a whole.”
In other words, executive coaching provides the time, place, and opportunity for a company’s executive leaders to develop their skills, accelerate their performance, and strengthen their leadership behaviors. Additionally, effective executive coaching helps leaders learn to motivate their stakeholders, use feedback to strategize, and focus on organizational performance.
Surprising Benefits of Executive Coaching
The most significant yet surprising benefit of executive coaching is actually the development of self-awareness and interpersonal skills. These sound like skills unrelated to executive leadership positions, but they are actually essential for such important company roles. Building self-awareness and interpersonal skills leads to better leadership abilities.
How to Choose a Business Coach
Executive coaching requires an experienced coach who can make a deep impact on your business. The KMG Marketing Team is here to expand your business and grow your profitability with strategic executive coaching. After serving Florida businesses for more than 25 years with proven methodologies and effective marketing initiatives, KMG Marketing Team is here to help your company surpass its goals. Call (727) 376 -7200 now to schedule your consultation.