Coaching has become a widely-used approach for cultivating talent in the ever-evolving business world. It is a powerful way to make a major impact on individual growth and organizational success, with a range of advantages that include increased participation and productivity, higher profitability, and reduced costs. Coaching also develops the emotional intelligence of the leader, a key factor in performance, and reinforces alignment with the organization's mission and values. Leadership coaching directly affects the way leaders consider their leadership behaviors.
It builds their understanding of their leadership style and gives them the opportunity to reflect on it and be more reflective in the future with respect to their approach to tasks and objectives. Coaching helps leaders to create new ways of thinking about their work and allows them to improve their performance in a structured and coherent way. This enables them to be more successful in achieving their goals and, at the same time, improving the overall quality of their leadership style. When organizations grow or change, coaching helps the organization adapt to these changes by allowing executives to comprehend and demonstrate the new behaviors identified as determinants of future success. It is essential to select a coach who has strong experience and a clear evidence-based methodology for developing performance and measuring successful results.
Only within the context of coaching are leaders likely to develop these skills, due to the unique relationship offered by the relationship between coaching and the client. Other critical factors for success include support from sponsors and training in the context of the organization. The benefits of leadership coaching are extensive and range from personal and professional development to a measurable effect on the results of an organization. Anderson and Anderson (200) suggest that leadership programs that translate the benefits of coaching into organizational value are those that emanate a “coaching culture” in which everyone is in a preferred state of growth and development. In conclusion, executive coaching has become an effective method for developing talent in today's business environment. It has an immediate and direct effect on individual performance, as it helps business leaders to be more effective, self-aware and strategic.
Coaching also has a positive impact on organizational success, with organizations reporting that they have recovered their investment in coaching and more.