Coaching for Greater Business Impact and Strategic Value
Organizations face challenging strategic imperatives to increase growth and productivity in a post-recession economy, while continuing to hold the line on costs. What is at the heart of achieving these key business objectives? Capable leaders in mission-critical roles. Success is increasingly dependent on agile, effective and high performing leaders capable of driving enhanced performance in a fast-paced, highly competititve, dynamic environment. A strategic approach to developing leaders that includes coaching is a proven way to accelerate development and build key competencies that drive business objectives to get the best return on your talent development investment.
Peyton Daniel, Senior Managing Director of Talent Development and Coaching Practice Leader at DBM, points out that, “Executive coaching is a proven and widely used developmental tool employed to build leadership competencies needed to achieve critical business targets. However, we know from speaking with our customers that the approach to coaching is sometimes ad hoc with few established and enforced standards for determining when to coach, how to select a coach, what methodology to follow and how to ensure strategic value. This leaves organizations vulnerable to overspending, diminished results and, ultimately, missed opportunities to accelerate performance.”
Today, companies are realizing just how important it is to bring a more strategic approach to Leadership Development programs that utilize executive coaching – an approach that includes an organizational and individual focus, and a consistent methodology. Daniel adds, “It’s all about driving the fullest possible impact to the organization for the greatest value.”