According to a study by the Human Capital Institute and the International Coach Federation organizations with strong coaching cultures report revenue growth well above their industry peer group (51% compared with only 38%) and significantly higher engagement (62% compared with 50%).
What exactly is coaching?
Coaching, is unlocking a person's potential to maximize their own performance. Technically speaking, coaching is a formalized, transformational learning process that results from on-going interaction between a trainer and client. This mentoring-type relationship is designed to help individuals stretch and achieve more than you ever could on your own.
We like to think of an executive coach is like a fitness expert for your business or career. Just as a fitness trainer can help improve your body’s performance, coaching can do the same for your professional development by helping you increase your effectiveness and productivity.
Assist in problem solving and decision making
Assist in focusing on key result areas
Provide outside insight and perspective
Help align activities with key result areas
Assist in skill and knowledge development
Act as a “sounding board” for ideas and strategies
Assess strengths and areas of needed development
Identify and implement tools and processes for development
Help with personal and professional challenges
Review and assist in strategic actions to build toward success