When You Should Consider Hiring an Executive Coach
As the saying goes, "you can't pour from an empty cup," which rings especially true for executives. Even the most successful and competent executives can experience plateaus or hit barriers that impede their progress. But when should executives consider hiring a coach? Here are five of the most common scenarios:
Performance: When executives fail to meet performance expectations or when the company wants to improve the performance of its executives, hiring an executive coach can be beneficial. An executive coach can help identify areas of improvement, develop strategies for better performance, and provide fresh perspectives on leadership skills and decision-making abilities. For example, a CEO who struggles to drive growth and profitability for the company may benefit from hiring an executive coach to help turn things around.
Leadership Development: When a company wants to develop its executives into stronger leaders or fill key leadership positions with internal candidates, hiring an executive coach can help with leadership development. The coach can work with the company's executives to identify areas for development, provide feedback and support, and create training and development opportunities, such as workshops and mentoring programs.
Team Building: If there are issues with communication, collaboration, or teamwork within the executive team or with other teams, an executive coach can help identify and address these issues. The coach can develop strategies for improving communication and collaboration, and facilitate team-building activities to help create a more productive and cohesive team.