Why Is Executive Coaching Important?
Executive coaching is important because CEOs and other executives often fail. According to research, there were 1,640 CEO changes in 2019 alone. Strikingly, the government/nonprofit sector led all industries with a CEO turnover total of 339. These numbers point to a disconnect between leadership, organizational culture, and the realities or conducting business in today’s world.
The hiring of an executive represents a significant investment for an organization. By the time the executive has been hired, the organization has likely spent thousands to millions of dollars investing in their development.
Having to replace an executive can cost millions of dollars in lost revenue, severance packages, and search fees. Executive coaching can be an insurance policy on a new, high-profile hire or an existing leader who could use help expanding and enhancing their skill set to meet new challenges and demands.
Executive coaches bring something unique to the table
A specialty in the human side of business and leadership. Because coaches spend time getting to know their clients, they are afforded an intimate view into their worlds. This level of access to business leaders comes with a powerful level of influence. Coaches also use their expertise to help their clients cultivate critical human qualities, such as empathy, compassion, and equity. Our executive coaching will enhance your leadership capacity, facilitating a higher level of performance — for you, your team and your organization.
Research has shown that close to 94% of executives being coached reported better understanding of others, 85% became more sensitive to others, and 71% developed a better work-life balance. Other studies by the Manchester Consulting Group found that, when being coached for 6-12 months, the average ROI for executives was 5.7 times the coaching fees, or a return of $100,000+ per coaching assignment.
In today’s world developing greater emotional intelligence, cultivating resilience, and honing your interpersonal skills will help you lead with greater impact and influence and keep stress at bay.
Whether you want to close a skill gap or increase your capacity to lead with greater impact and influence, we understand what it takes to go from good to great. We also understand that work bleeds into life, and we address that as well. Our holistic approach to coaching facilitates deep, systemic change that profoundly transforms your perspective, performance, relationships, and peace of mind.
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Develop situational leadership capacity
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Strengthen your executive presence
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Improve emotional intelligence
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Increase self-awareness
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Learn to effectively engage in crucial conversations
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Lead with greater impact and influence
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Cultivate mindsight through personal transformation
