There are many different kinds of coaching available in the world. Coaching in itself has noted a significant rise in the past few decades. More and more people have understood the importance of coaching, be it of any kind, and have become more acceptable to involving coaches in their personal and professional lives. Professional coaching also includes various kinds of coaching within its umbrella, the most significant being executive coaching.
Executive coaching is a kind of leadership coaching that focuses on development, growth, and learning. It is primarily a partnership between the coach and the executive. It is majorly of one-on-one interaction format, unlike a group coaching or team interaction sessions. It is preferred because it focuses on specific goals and detailed plans to achieve those goals. Mostly the management tier of an organization opts for such coaching techniques and it is because the most impactful decisions must be taken by the executive position holders.
It is unrealistic to expect an individual to have all the required qualities to take good decisions and lead an informed team, thus the need for such systematic coaching emerges. Coaches who guide executives are well-versed with organizational policies and the business environment. Mostly this coaching imbibes emotional intelligence, strategic management and analytical problem-solving. Executive coaches are more like a combination of a consultant and a guide who clarifies the goals for the managers.
Executive coaching also incorporates many personal aspects as executive coaches’ guide on emotional quotient and self-awareness. If a situation is chaotic and the manager is perplexed, coaches step in for guidance and support. It includes many behavioral assessments and feedback; psychometrics and other dialogue assessments are used for understanding and guiding the manager. This way, the connection between the coach and the manager is a confidential and private one.
The area of coaching is blooming with the instability in the business environment and the rise of stress in the lives of all top-level executive positions of an organization. Such factors have given coaching an independent and significant status; although the career field is yet to be defined and structured. For now, certification and diplomas are the most productive means to earn recognition in the any kind of coaching. The essential component for a career in executive coaching is the wide range of skills that a coach should master.
Some of the important skills are –
- A certain level of human and business understanding
- Patience to analyze patterns and behaviors
- Aptitude to make correct predictions
- Counseling abilities to handle high-stress situations
- A genuine concern for the person and the organization
There are further many skills and abilities that a coach should have but it also differs based on the level of guidance and the level of management. Not all organizations opt for external and/or internal coaching but statistically, it has been proven that the organizations that invest in such coaching have a better growth curve and higher profitability. In the end, coaching is nothing but a means for the organization through which it can refine the skills of its executives and enhance the functioning of its workforce. This is the reason why executive coaching is preferred by the organizations and the managers itself.