If your company’s CEO needs some reassurance and support, a coach might just be the perfect solution.
Here are just a few ways your CEO can benefit from executive coaching:
Executive Coaching Trend
If you think CEO coaching sounds a bit strange, think again. The executive coaching trend is taking the business world by storm.
In fact, according to a recent study by the Harvard Business Review, nearly 60% of CEOs are receptive to some form of coaching and close to 35% are very receptive to both coaching and structured feedback.
At this point, you’re probably wondering how many CEOs have professional coaches.
Well, according to the same study, 34% of CEOs in the United States use executive coaching services on a regular basis. Of that percentage, 78% say that coaching was their idea.
Now that you’re familiar with the CEO coaching statistics above, it’s time to take a look at how a CEO coach can benefit your chief executive officer and your company.
One of the key skills of any good CEO is developing and mentoring talent within an organization. However, this skill doesn’t always come naturally to executives, which is exactly where CEO coaching comes into play.
Most executive coaches focus on improving the motivational and mentoring skills of the CEOs they coach. This includes teaching them how to be encouraging, compassionate, and understanding during the talent development process.
As the following article looks at, one of the 4 reasons every CEO needs a coach is to strengthen the executive’s soft skills.
Motivating employees and talent development are a large part of these soft skills. With the right CEO coach, your chief executive officer will cultivate talent and strengthen your company as result.
No matter how well your CEO runs your company, conflicts can and will take place.
Conflicts with other companies, department heads, and customers are a real possibility when running a company.
That’s why CEO coaches are including conflict management and resolution training in their coaching services.
Executive coaches are helping top CEOs understand what to do when a conflict arises as well as how to quickly find solutions for both parties involved.
In addition, coaches are also encouraging CEOs to look at all conflict situations from the perspective of those involved. This helps CEOs come up with the right solution as opposed to making hasty decisions.
A large part of both conflict resolution and talent development is understanding the different perspectives of different employees. Gaining perspective is oftentimes a difficult process for CEOs, especially considering their high-ranking position in a company.
CEO coaches are therefore giving their executive clients an outside perspective on how they treat their employees.
This leads to enlightenment on the CEO’s part and encourages them to practice the art of perspective in the day to day handling of their company. This benefits employees and your business as a whole.
When it comes to reshaping CEOs, executive coaching can really change the way companies interact with their chief executive officers and vice versa.
About the Author: Adam Groff is a freelance writer and creator of content. He writes in a variety of topics including business management and CEO coaching.