Why All The Hype About Executive Coaching?

Executive Coaching
“I’ll bet most of the companies that are in life-or-death battles got into that kind of trouble because they didn’t pay enough attention to developing their leaders.” – Wayne Calloway, former Chairman, Pepsico, Inc.

Recently I heard the CEO of a very successful organization address his top performers. One of the critical points he made was that in his first 5 years as the CEO, he did not focus on grooming his top leaders but focused more on the numbers. However, as soon as he realized it, he engaged a world-renowned consulting company to plan and implement ongoing executive development through leadership training programs. This program has played a significant role in the stupendous results the company has been experiencing in the past 10 years. He considers the delay in starting the leadership coaching and training to be one of his greatest follies.

I absolutely believe that people, unless coached, never reach their maximum capabilities.” – Bob Nardelli, former CEO, Home Depot

In the 21st century change is rapid and constant in the business world. The marketplace demands that the time span involved in the process of maturation that transforms a manager into a leader has to shorten. It is similar to expecting a fruit to ripen in a shorter timespan. This cannot happen unless you pick the unripe fruit and apply heat through external procedures that will accelerate the ripening process. Using this analogy, executive coaching is to transforming a manager to a leader as heat is to accelerating the ripening process of a fruit.

A lot of organizations hesitate to engage an executive coach because this service is very expensive. But MetrixGlobal LLC says that, “In one study, executive coaching at Booz Allen Hamilton returned $7.90 for every $1 the firm spent on coaching.” Coaching allows people to unearth talent and potential that they never knew existed within them. It provides a person with a trustworthy advisor who has the highest intention for the growth and development of the coachee. A coach not only is a sounding board but also a cheerleader, always standing on the sidelines and rejoicing in the coachee’s victories. The business world is now catching up with the wisdom of the sports world – hiring a coach to help them reach their goals.

“Who exactly seeks out a coach? Winners who want more out of life.” – Chicago Tribune

Pramila Mathew, MEd, MBA, is an Executive Coach in India who has over 20 years of experience both in the US and in India in the field of coaching. Having worked both in the US and India, and having been educated in both Business and Psychology, she has the exposure and experience to be a catalyst of major transformation in her coachees. In the recent years she has provided executive coaching in India to the top leaders of organizations like Novartis, Dun & Bradstreet, Sanmina SCI and many more.

 

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