The definition given to executive coaching by the International Coach Federation (ICF) is 'partnering with clients in a thought-provoking and creative process that inspires them to maximize their personal and professional potential.' In general terms, it simply means that coaching and training is essentially about learning.
The concept of personal executive coaching is becoming very famous nowadays in companies, and is being used as an effective management tool, as it primarily focuses on the executive development.
In many companies, the top management wants to make a considerable difference with regards to the employees' productivity in the establishment, but they don't exactly know how to do so.
The management wants to create optimum corporate relationships along with a goal of meeting business and company's expectations, but often there is no time to think upon how to deal with corporate problems in a different and effective manner.
In today's corporate world, several business executives are making it a point to employ their own personal executive coaches. In few cases, the company management reimburses the fees which are paid to the personal executive coach by the business executive.
The company reimburses only when it surely realizes that the coaching is going to develop and refine the skills of the executive, which will add up to his performance.
Usually, clients approach firms which provide executive coaching, and ask them to train and mentor their high-performance professionals, and also those who need to improve performance and fill functioning gaps.
Executive coaching includes utilizing a wide range of testing tools for trainees, with perceptiveness and consciousness to introduce an effective development plan for achievable objectives.
It includes planned telephone coaching sessions which enable professional and potential leaders around the globe to build a way of success without considering the high cost of travel, and absence from the workplace.
This concept has proven effective to transform today's managers into future leaders by assisting and guiding them personally to settle everyday problems and enhance new problem-solving qualities in them.
Executive coaching not only enables executives to enhance their performances, but also helps them to preclude any possible problems in the business. It incorporates pragmatic behavioral change over time, and also intensifies the consciousness of the executive's unequaled capabilities as a base for improvement.
It educates the professionals on behavior which are not suitable and needed for their careers, after which they change their demeanor accordingly. It encourages one to understand his key strengths, which are essential to accomplish the desired results and turnouts.
It largely focuses on corporate communication and relationships, creating new levels of understandings, developing cognition and abilities, and also encourages personal growth.
This enables business professionals to complete their required targets on or before time, and explore new challenges and opportunities. As executive coaches don't have a fixed schedule of training, they can help the way you want to be helped and assisted. If one already is a leader, it would certainly help him to develop his leadership capabilities.
Executive coaching is the best way to enable a person to meliorate his interpersonal skills, cross over his self-imposed limitations, coordinate with corporate goals, use feedback as a necessary tool, better the decision-making skills, equalize work and life priorities, create an environment which is useful to the company, etc.
There are many more benefits of which create, develop and maintain a good attitude in executives towards other people and the company.