There is something that is much more scarce, something rarer than ability. It is the ability to recognize ability. – Robert Half
It is increasingly recognized that individuals and groups perform better with coaching and this performance translates into business results. Some of the specific ways in which coaching is beneficial include the following:
- Coaching for leadership impacts companies through increased productivity, improved communications, increased staff commitment and loyalty and decreased levels of stress and tension.
- Coaching assists individuals to remain loyal and committed to the company in the face of demanding global business hours, language barriers, differing work ethics and economic fluctuations.
- Coaching can help prevent executive derailment; which, as some studies suggest, can be as high as thirty-three per cent for senior executives.
- Coaching helps managers develop better interpersonal skills. Some common reasons for interpersonal conflict include executives being too abrasive, too controlling and too isolated. Coaches work with executives to explore these behaviors, to recognize and regulate their self-defeating beliefs, assumptions and actions.
- Coaching helps leaders to think and plan more strategically, to manage risk more effectively, to create and communicate vision and mission.
- Coaching aids in developing a culture of trust, commitment and personal responsibility, both internally and with the external world of clients and customers.
- Coaching enables the executive or manager to leverage his or her personal power more effectively.
- Coaching can develop those leadership qualities that have been empirically proven to be associated with success. These include: cognitive capacity, social capacities, personality style, motivation, knowledge and expertise.