Executive coaching works so well that there was an approximate 1.5 billion dollars was spent on it just last 2017. Most of the big companies all over the world employ coaches for upper management. So, what makes this concept so attractive to CEOs? What are they hoping to gain from it?
In one study, business coaching professionals were asked what was the main subject area for which they coached CEO’s, the overwhelming answer was “self-awareness.” The second one being “interpersonal skills, listening skills and empathy.” Upon closer inspection of these skills – a portrait of emotional intelligence emerges. An increase in the former results in an increase in the latter, which is extremely crucial for the leadership positions of managers and CEOs.
So, how can executive coaching help out CEOs and managers? Here are some of the reasons as to why:
It Helps Heighten Self-Awareness
As mentioned, self-awareness is one of the main areas in which coaches target – and for good reason; as it’s the catalyst by which growth starts to happen. Without that first step of realization, people blindly continue doing things in the same way as usual.
Improves Self-Regulation
Sometimes, awareness of one’s emotions brings about discipline to control such. At the very least, the task of self-regulation is made more attainable. For instance, picture out a scenario at work where you have to oversee a brand new employee and you face feelings of inferiority; however, you don’t recognize what your feelings are (you’re not aware of yourself). All you know is that you feel uncomfortable, edgy or uneasy when dealing with someone.
Self-awareness is the first step in regulating your emotions and handling situations with ease and comfort. People with high emotional intelligence tend to possess better self-regulation skills.
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Steele Honda
March 27, 2019 at 8:28 pm
Thanks for pointing out that hiring a business coach and can heighten your self-awareness. I think that business coach would be good to have especially if you had been in business so long you might not notice everything going on around you anymore. I think it would just be good at getting you to look at your business and yourself through new eyes.
Taylor Bishop
April 11, 2019 at 9:49 am
I wanted to thank you for explaining why it could be good to get an executive business coaching. It’s nice to know that this can actually help you be more self-aware and start your growth. Honestly, it seems important to be self-aware throughout this process, especially if it can help you know how you should improve.
Angela Waterford
April 21, 2019 at 9:46 pm
I need to improve my emotional intelligence as a startup CEO. Personally, I believe that a coach would help since they can help heighten my self-awareness to help create a positive environment for my subordinates. If they can improve my self-regulation as well, I may be able to bridge the gap between me and all of my staff so we can all work together as one big team.
Luke Smith
April 23, 2019 at 3:21 am
It has been found that hiring experienced professionals for coaching purpose has significant positive impacts on the productivity of an organization. So, one should hire such professionals for the improvement of productivity. However, certain factors need to be taken into consideration prior to hiring such professionals. Only certified and experienced professionals should be hired for such a purpose. So, certification and experience level of such professionals should be taken into consideration while hiring such professionals.
David Johnson
May 3, 2019 at 4:22 pm
It’s awesome where you mention self-awareness is the catalyst by which growth starts to happen. In my opinion, this is an area where anyone can improve, no matter how far along in the process they are! I will have to look further for consultations that will heighten my self awareness and help me grow.
Shon Lott
May 14, 2019 at 8:47 am
It does not matter what state your calling is at, a business mentor can make you work harder and make advancements faster than you would on your own. A business coach can help you to expand your network. A seasoned business coach can teach employees how to make ideas an actuality. By getting involved in business coaching, employees can boost their confidence level. To get an unbiased opinion, you must work with a business coach.
Stefan Bradley
July 5, 2019 at 10:25 am
It’s good to know that coaching helps heighten your self-awareness since you are able to have your methods and beliefs looked at from another perspective. My uncle wants to start a company and doesn’t believe that he knows how to be an effective leader. I will let him know that coaching will help him become self-aware and can show him what it means to be a strong leader.
Angela Waterford
July 18, 2019 at 6:45 am
It’s good to know that if I hire an executive coach, I’ll be more self-aware. I think I’ll hire someone soon because I need to improve on self-regulation. This way, I can maintain my crucial position of being on top.
Kate Hansen
July 30, 2019 at 5:34 pm
I like how you included that it improves self-regulation. My husband wants to start a business and wants to be the best leader he can be before starting one. I’ll make sure to pass this information along to him if he decides to get coaching.
Noble Manhattan
September 14, 2019 at 11:01 am
Executive coaching is a target oriented division of the learning development program. This process is focussed on training executives who have hail from diverse backgrounds of education and experience. Executive coaching provides a personalised learning experience, addressing challenges that are personal to the individual.