| Vorige onderwerp :: Volgende onderwerp |
DMT
Geregistreerd op: 08 Mei 2018
Berichten: 424
|
 Geplaatst: 07-10-2019 04:45:16 Onderwerp: , and particularly CEOs, do not ha |
 |
|
|
This isn't just about succession in the family business. Of course Wholesale Joe Flacco Jersey , that in itself is quite a challenge. How do we as first or second generation owners get our sons and daughters ready to take over the helms of the business? Do they really want to? Are they competent enough to do it? These questions and many more often dominate your thoughts as you contemplate stepping aside and allowing the next generation to take over. There are numerous issues and challenges facing the privately held family owned business when it comes to succession. If you fall into that category, e-mail rick@ and receive a sample guide on ?Leadership Succession in the Family Business?.
If you are not a family run business, you still are not home free. You face many similar issues and challenges centered on attracting and retaining top talent to insure your succession plans to carry on the business are successful. This isn't just about, ?Who will be the next CEO.?
Succession planning should be a critical core initiative in your strategic planning process for every key management position within your company. I have written numerous articles in the past on coaching and mentoring skills. These are very definitive skills that are a must for successful leadership. But Wholesale John Elway Jersey , coaching and mentoring by you and your managers even if they have been trained, and the majorities aren't, may not be enough.
Many of the upper quartile performers that appear in the PAR reports recognize this challenge and are turning to a process (now an industry) that was once considered a fad or highly suspect with regard to the benefits provided; executive coaching. Executive Coaching is fast becoming recognized as a way to compliment and enhance the succession process at most executive levels. Although most executive coaching has occurred at the CEO and President level, companies are now beginning to realize the value provided at all executive management positions. In fact Cheap Chad Kelly Jersey , coaching now occurs at many levels in the organization including front line sales management.
Executive coaching may soon be entering the arena of ?Best Practice? in this business century. Just a few years ago, many corporate executives pooh-poohed the idea of coaching as just a fad or psychobabble aimed at eroding the bottom line. The common objection was, where's the ROI, return on investment? Even those more progressive companies that welcomed innovation and creativity still considered it a luxury expense.
That is not the case today. Companies are now beginning to realize that their really is a strong ROI for executive coaching. You see Cheap Brendan Langley Jersey , one-on-one executive coaching is not the same as attending a leadership seminar for five days and paying $5000. Leadership seminars and retreats follow-up coaching and accountability can simply be considered entertainment in my opinion.
Executive coaching does provide a tremendous return on your investment. Jay MacDonald at recently reported that according to a 2001 Metrix Global study of one Fortune 500 company, executive coaching returned more than $5 for every $1 spent, 529 percent, in significant financial and intangible benefits to the company. When the financial benefits of employee retention were rolled into the mix Cheap Carlos Henderson Jersey , the ROI was nearly eight to one, 788 percent.
The growth in executive coaches from 1995 to 2006 has risen by five hundred per cent. Today we have over 10, 000 executive coaches doing business in the US.
Executive Coaching is About You
Executive Coaching is personal. It is about developing a personalized program to help you deal with the numerous challenges faced each day... predominantly in your professional life but balance in your personal life is a contributing factor to success.
Coaching is different than consulting and it is different than having a personal advisor on your team. An executive coach believes and demonstrates that the power is in the questions and not in the answers. You as the client are recognized for your abilities and the success you have generated. You have strong insights into your business and much more knowledge about that business than your coach.
The objective of the executive coach is to challenge and stimulate your thinking... to cooperatively explore various options... allowing you the executive to make the final decision as to the appropriate course of action.
Listening --- The Most Critical Skill
While you provide the focus of the challenge to be addressed, the coach listens? and utilizing accumulated business experience and training Cheap Demarcus Walker Jersey , directs open-ended questions and pertinent observations to facilitate the development and exploration of potential options for the first or next step. Remember, the power is in the questions.
Once you reach that crossroad, a critical element of the coaching process comes into play... accountability. Poor execution is the greatest cause for failed initiatives. Even initiatives developed with vision and good planning cannot overcome poor execution.
The coach must introduce accountability into the process by asking for specific timelines for actions and defining the desired results. This is a significant differentiator. Quite often, a senior executive Cheap Justin Simmons Jersey , and particularly CEOs, do not have anyone to hold them accountable. Even middle managers can dodge accountability for results. A good coach won't allow that to happen. Growth and development of individual leadership skills is predicated on commitment to accountability and action.
Why should a company consider executive coaching?
The answer to that question is simple: In most cases, what is good for the individual is also good for the company. When one needs help separating the forest from the trees, they normally find the forest within the confines of the company. When one is making decisions from a position of stress Cheap Jake Butt Jersey , they find that stress is normally ascribed to the requirements of the job, and
BNI (Business . Cheap Mens Nike Shoes Cheap Nike Air Jordan Cheap Air Max Shoes Cheap Nike Air Max Cheap Air Max 90 Cheap Air Max Mens Jordan 6 Shoes For Sale Air Max 1 Outlet Cheap Jerseys Free Shipping Cheap NFL Jerseys China |
|
| Terug naar boven |
|
|
|
Je mag geen nieuwe onderwerpen plaatsen in dit subforum
Je mag geen reacties plaatsen in dit subforum
Je mag je berichten niet bewerken in dit subforum
Je mag je berichten niet verwijderen in dit subforum
Je mag niet stemmen in polls in dit subforum
|
Wilt u geen reclame op dit forum en genieten van extra voordelen? Klik dan vlug hier voor meer informatie!
|
|
|
|
|
