Business Coaching Corporate Coaching or Executive Coaching is All About Results
So if executive coaching is such a must have, then the obvious question is Why? For years organizations have spent millions of dollar in education, training and development. In the December 2006 issue of Training and Development, corporate training expenditures were estimated to have reached $109.25 billion.
However, much of these training dollars failed to deliver a significant impact to the bottom line. Even with high technology and extensive educational research, traditional training still delivers a poor return on investment. Some estimates suggest that as high as 90% of all training dollars fail to achieve a positive return on investment (ROI).
Coaching appears to have reversed that trend. Even though data is limited, one report from MetrixGlobal LLC revealed that coaching produced a 529% ROI. Beyond the measurable business results, coaching also produced significant intangible benefits to the organization.
Fortune 500 companies have also measured the results that coaching delivers. For example, Dell Computers has been tracking the return on investment for more than 5 years. Measurable results include 90% satisfaction from company executives. Also, those who participated in the corporate coaching program tended to be promoted more often than those who did not participate in coaching.
Some other measurable results and benefits from corporate coaching as reported by International Personnel Management Association include improvement in:
Productivity - 53% Quality - 48% Customer Service - 39% Teamwork - 67% Job Satisfaction - 61% Working relationships with direct reports - 77%
So if you truly want to realize the full benefits offered by a business coach begin by focusing on the results.
What specific measurable outcomes do you desire from this intervention?
For in the words of Marc Steinberg, a business coach from South Africa, "Successful coaching is measured by the client's results and nothing else."
Related Tags: business coach, business coaching, training, roi, executive coaching, corporate coaching, business results
Leanne Hoagland-Smith is a business coach who helps businesses to create executable strategic plans and the skills necessary to pull it off.
One quick question,if you could secure one new client or breakthrough that one roadbloack holding you back from success, what would that mean to you? Then, take a risk and give me, Leanne Hoagland-Smith, a call at 219.759.5601 to experience incredible results.
Visit http://www.processspecialist.com/ and explore everything from free articles to connecting with Leanne.
P.S. If you are seeking an affordable speaker or need a business writer, I may be just the person to meet your need.
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