why should you hire an executive coach?
TRANSCRIPT
Why Do Executives Hire Coaches?
To Take Advantage of an Opportunity
• If a company has opportunities in an evolving market that it lacks experience in, its executives need an abbreviated education in how to approach opportunities in the market - an education that coaches, who specialize in the market, can supply easily.
To Solve a Pressing Challenge
• When a challenge becomes pressing, seeking the advice of executive consultants can provide a timely solution, and teach executives how to resolve similar challenges in the future.
For Advice on the Risks Associated with an Endeavor
• If a company takes the wrong risks or takes the right risks in the wrong way, its market share could decrease. Although executives are often known for being mavericks, wise executives consult an advisor when they face endeavors whose risks are difficult to quantify.
For Advice on Personal Matters Associated with the Position
• Working as an executive can be stressful, and the stress can become a presence in one's personal life. Coaches who have "been there and done that" can give executives advice on certain personal matters associated with their job.
To Establish a Long-Term Business Advisor
• Young executives can benefit from having a mentor, who has years of executive experience. Experienced executive coaches can help them make these decisions with superior insight.
Conclusion• Executive consultants and coaches advise executives in a
variety of matters, from personal issues that stem from their job to professional problems that involve calculated financial risks. If you or your colleagues need assistance in one or more of the areas mentioned above, consulting an executive coach could be helpful. For more information on the benefits of executive coaching, and to learn about selecting a coach, contact an organization that provides executive leadership training.
