Business coaching – what is it?
Executives and managers of companies who are interested in development and career growth increasingly turn to a business coach to have a customized development process. Consider this – how often would you have found it helpful to have a chance to talk about some key ideas with a person that is impartial and objective in preparation for a major change or perhaps a very important meeting.
The concept of business coaching has actually come from the sports arena where top athletes employ coaches to help improve and enhance their performance. Business people are slowly realizing that the same benefits can be enjoyed in the business arena using business coaches.
The expert
Coaching works best in those environments where there is a desire to be practical, progressive and proactive but at the same time there is value in the opportunity to challenge and stimulate. The executive(s) or manager(s) is thought to be the expert in his/her field and in this way the business coach will facilitated the executive or manager to find the right way forward. Coaching is always forward thinking with a well-structured approach that remains flexible and presumes purpose and commitment.
Effective, Efficient, Productive
When it comes to professional support, business coaching is the exception as it combines individual attention, challenge and objectiveness. The coach’s skills make it extremely successful because:
It inspires you to develop your own solutions
It keeps you focusing on a specific goal or goals
It makes you accountable for your progress
It supports you through change
It removes any blockages so that you can move forward
It prioritizes based on values
It challenges you to take the next step in moving forward
Research published in Olivero et al. 1997 showed that training can increase productivity by as much as 22 percent, but when training is combined with coaching, it can increase productivity by a whopping 88 percent.
What Does Business Coaching Involve?
Coaching is not training – the coach does not provide the answer, but rather the coach brings along a process or system to help the client determine the answers as the delivery system is much different between coaching and training.
A business coach will work together with the executive or manager to develop a training program that is tailored to the skill areas where there is a need for impact and to make the necessary behavioral changes to create growth.
The Business Coaching Process
There is really no such thing as a generic business coaching process. Solutions should be catered to each businesses needs. The process will look much different for a company that is restructuring one department than a company that is undertaking a cultural shift throughout the organization.
It can help to change the way processes flow within an organization or create an entirely new workplace environment. Business coaching is limited only by your needs and your budget. There are only a few companies that can’t benefit from an outsiders viewpoint and skills.
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Business coaching is a powerful tool that can transform a business from just surviving to getting highly successful.