Why You Need an Executive Coaching Consultancy Now, Not Later

Lalita Raman, Executive Coach

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Work-life midst a world-pandemic can be an overwhelming experience, especially when the company’s goals seem unattainable after being set back countless steps due to external factors. One of the best ways to reduce the stress on your corporate leaders and employees from such an unprecedented and uncontrollable external factor is to enlist the help of an executive coach.

If you seek to hire a coach for your corporate leaders and employees, they have to be prepared to hear the coach’s advice. Coaching is impossible if your employees can’t open their minds and appreciate objective and practical advice. While it may be difficult to hear, it’s all the more reason to enlist executive coaching help. Let’s look at why.

An executive coach makes your employees push harder

An executive coach will make your employees critically reflect on their role within the company. Sometimes it’s not about finding the answers but more about asking the right questions. By taking a step back and reflecting on each employee’s direction and management approach, your company will thrive with even the smallest of tweaks.

It’s similar to having a personal trainer at the gym – sometimes employees have to put the extra legwork in and get a good sweat on before they realize any rewards for their efforts. Going through the process as early as possible means they set themselves up for success. They’ll adopt good habits, meaning there will be fewer corrections later down the road.

An executive coach asks employees to take action

An executive coach’s advice is practical and will encourage employees to take action. If they’d rather just listen and make a to-do list then put that advice on a shelf somewhere, then professional coaching is not right for them.

The executive coach might point out a few mistakes the employee has made or some things they can do better. They might ask them to take action and do things differently. It’s important to consider it carefully and know that the advice is objective.

It’s okay to let someone in on their role in the company, since all an executive coach wants to do is help. A coaching relationship based on trust and action is the only way to excel.

An executive coach improves your development

While a coach may help employees take positive action, they’ll also encourage them to do some critical thinking.

Self-reflection is an important part of their work and a coach might ask them to consider some of the following questions:

  • Does their team have the right network to succeed?
  • Is their team built on their strengths or values?
  • Will their team succeed if exposed to external shocks– such as a pandemic?

Questions like these help set each department and team within the company up for a new and improved development process. Executive coaches also help to manage transitions. Changes to the company can come in many forms – from downturns in the economy, new competition entering the market or the changing behaviour of customers.

As management, you’ll want to make sure that the company can navigate the challenges of the corporate world now and in the future. An executive coach makes your employees adaptable and agile in the face of changes. Adopting a coaching model as soon as the need is identified is the best way to set the company up to outlast the competition.

An executive coach improves team development

You may have heard the popular corporate motto: “Culture eats strategy for breakfast.” The phrase was coined by Peter Drucker, an American management consultant, but what does it mean for your company?

Strategies are great on paper but in reality they rely on people to implement them. Without the right team and culture in place to adopt changes, many companies’ strategies fail. An executive coach can help your company get the right mindset and culture in order to enact change.

An executive coach helps with anything from hiring strategy to building the right organizational culture. All of it adds up to the effectiveness of your teams and their willingness to take on new challenges.

Because any human-related changes to an organization are notoriously slow, acting sooner rather than later is all the more important. Because the time required to put changes in place, the sooner you enlist an executive coach to help your teams, the better.

An executive coach unlocks employees skills and potential

Each employee’s lifelong learning is made up of a very long series of development opportunities. Sometimes, they develop skills without even realizing it. Even more frequently, they miss out on learning and development opportunities.

Or, they may not be aware of some of their skill-related shortcomings. An executive coach can help them, in an objective way, to identify gaps in their skills or knowledge. Doing this will help them prepare to tackle many obstacles. If the company waits too long before addressing skill gaps and improving its employees, then it may be too difficult to change course or turn back.

An executive coach unlocks the executive potential

Leadership coaching is an entire subset of executive coaching. If your company is growing and it currently relies on outside leaders to help make decisions, then it’s reached a stage of reliance. Relying on others may be unfamiliar to corporate leaders who are accustomed to making their own decisions.

Corporate development relies on building a good team and a good foundation of leaders within the organization. If the company hires or promotes the wrong people into executive positions, it may set itself up for a troubling journey.

As a company, you must provide employees with the right development opportunities. Doing so lets your company and its staff grow in stride along with the company. Helping them realize their potential also leads to better employee retention and job satisfaction.

An executive coach can lend a hand to empower the people that make up your company early in the process, and to make smart decisions in assembling your core executive team. Doing so can improve productivity and company cohesion, which props your company up higher than the competition.

Set your company up for success

With the growing list of success stories and the large array of benefits that come from the executive coaching world, you shouldn’t be asking yourself how late is too late to get a coach – you should be asking how early can you use a coach’s advice? Adopting a coaching program soon is the best way to set your company up for success.

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Lalita Raman Executive Coach

Lalita Raman, Executive Coach

Leading diverse teams and coaching leaders when they step into a new role and face new challenges. With a multinational career and broad experience in the financial services sector in Asia, I’m a high...

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