The quest for continual learning and development is one that sets apart good leaders from great leaders.
Developing, refining, and improving skills isn’t something just for those starting out on their career path, rather it is something that benefits everyone, including those who have reached the very top of an organisation. Leadership assessments and executive coaching are integral tools in creating powerful leadership teams within an organisation.
Having the humility to appreciate there is always more to learn and improve is something that all leaders should aspire to.
But in a world where anyone can be a “coach”, how do organisations understand the value executive coaching can bring and how can they ensure it will yield positive results for their organisation?
Benefits of executive coaching
Firstly, it’s important to outline that the benefits of executive coaching will ultimately lie with the skills and impact the coach/consultants have. This is why choosing a practice with proven results and a transparent approach will ensure you are perfectly positioned to gain the most from executive coaching.
Here at Edgecumbe Consulting, we are a leading UK-based business psychology practice, with over 20 years of experience providing tailored solutions to enhance leadership, employee engagement, and business performance in our client organisations. We can help you navigate through challenges or opportunities by utilising the very best in business psychology and leadership development.
So, assuming you choose a credible consultancy, what are some of the benefits of executive coaching?
- Navigate change in senior positions
All organisations will go through periods of change at some stage. From changes in leadership, to entering new markets, organisations can use executive coaching to gain invaluable insights and recommendations to help support those steering the ship.
- Identify strengths and weakness (both individually and collectively)
Executive coaching can help identify strengths and weaknesses and help utilise this data to create actionable insights for the organisation. This can help ensure that executives are working to the best of their abilities within specific contexts.
- Improve productivity
Organisations need to be productive at every level. Leaders and executives can use coaching to ensure their time is being well spent and that they are delivering the biggest impact for the organisation. Executives might be working hard, but are they having the biggest impact they possibly could? This is a question that needs exploring otherwise it could be costly for an organisation.
- Effect feedback loops
Executive coaching creates the perfect feedback loop whereby executives can gain valuable opinions and feedback to help seek continual improvements. It helps celebrate transparency and communication, ensuring executives feel listened to and valued.
- Micro and macro goal setting and targets
Coaching can help keep executives in alignment with the bigger organisational goals and targets. This can be really important especially for technical executives whereby their day-to-day may be very focused and detail orientated. Stepping back and looking at the broader goals and targets can ensure personal development targets as well as the wider team or organisational targets are united.
- Empowerment and personal sevelopment
Coaching can help empower leaders and executives through support and tailored guidance. This can also lead to the development of core leadership skills such as communication, confidence, empathy and self-awareness. Coaching can also be really useful to promote work and personal wellbeing and satisfaction, which is important to retain top talent.
- Greater insights to lead to better decisions
Coaching can create a wealth of qualitative insights that coupled with strong analysis can help organisations make better business decisions. From clear signals to very subtle hints, coaching may help spot and identify how businesses can maximise the effectiveness of their leaders.
Executive coaching with Edgecumbe
The benefits identified above only scratch the surface in terms of what executive coaching can bring to an organisation. The personal, team and organisational development from effective coaching can lead to a more productive and engaged workforce. Depending on your specific challenges and opportunities, we can work with you to ensure you’re getting the most out of all of your key people.
Here at Edgecumbe Consulting, we focus on results-orientated, data driven and measured coaching. All of our coaches possess high level coaching qualifications as well as having experience in business, so they bring real-world experience into coaching sessions.
The typical process for our coaching starts with a briefing, so we can understand the organisational context behind the coaching, and how the coaching ‘fits’ with the overall system that the coachee operates within. This stage also helps us to identify which of our coaches will be best matched to meet the coachee at the ‘chemistry’ meeting.