Executive coaching offers leaders a confidential sounding board and an opportunity to:
- Increase self-awareness
- Test out ideas
- Gain clarity
- Renew passions
- Develop competencies
There are two types of Executive Coaching – Company Sponsored and Personal
Company Sponsored Executive Coaching
High-potential individuals and those needing to improve their leadership competencies are often asked to seek out the services of an Executive Coach. The coach, coachee, and company sponsor (usually a senior executive or VP) would initially meet to have an open discussion of the desired outcome for the coaching relationship.
For the sponsor, a coaching initiative might be viewed as a self-contained project or part of a larger integrated strategy. Whenever coaching succeeds in aligning the needs of the business with the development needs of its people, it cannot help but be strategic in nature.
Personal Executive Coaching
Numerous motivated individuals seek executive coaching in order to enhance their leadership competencies, expand their advancement opportunities, or determine whether they should be moving on.
Because it is lonely at the top, many executives feel restrained and isolated and are rightly concerned about sharing their issues in-house for fear they will not remain private. They may be tired of the pressure, the numbers game, the maneuverings or the public relations facade. They may have been subtlety told their leadership skills need improving. Or, they are looking to forge new opportunities for themselves.
There is no doubt that for these leaders the stakes are high. At the same time, there is an increasing need to stop thinking about their concerns and to start doing something about them.