Executive coaching is defined as a collaborative partnership, organizational intervention, and structured leadership development process. It is typically conducted by a trained executive coach in several one-on-one sessions with an executive. The coach guides and trains the executive to be more effective and successful in managing people, leading teams and businesses, and achieving organizational goals. Executive coaching is results oriented and encompasses different focus areas, from executive assessment and development and succession planning to performance management and conflict resolution.
In a challenging economic environment, many companies are downsizing and reorganizing. Executive coaching for change management and change leadership helps executives identify barriers to change and design strategies for leading in times of change, including learning new skills for dealing with pressure, becoming comfortable with the cycles of change, adopting effective habits, behaviors, and responses, developing emotional intelligence, taking into consideration the needs of their employees, and communicating with clarity, compassion, and conviction. In the process of executive coaching, an executive goes through cycles of self-reflection, analysis, and review of own beliefs and patterns, fears and concerns, and current possibilities.
Executive coaching provides value for the individual as a learning experience and facility of personal and professional growth. It is beneficial for the organization as it grooms and develops competent leaders and contributors to the company’s success who recognize and accept their accountability to the organization and the management team, solve organizational problems, and drive peak performance.