Executives Need Development Too

EXECUTIVES Need Development Too! %3D Business executives are supposed to have all the answers. Unfortunately, their isolated position at the top of the organizational hierarchy often results in executives failing to receive feedback, to be held accountable, or to be challenged to develop new skills. Executive Coaches are able to provide a safe and controlled learning environment where executives can continue to develop important leadership skills and professional competencies, helping them to refine their ability to lead others and accomplish the goals of the organization. 1 Productivity Time is a precious commodity for any executive. Using it well-to accomplish work that will contribute to the bottom line-is vital. 53% Productivity gains were reported by 53% of the organizations who provided executive coaching to their leaders. 2 Quality "Quality means doing it right when no one else is watching." In order to reach an organization's bottom-line potential, we need to make sure executives are coaching others on the quality of their work as well as the quantity. 48% 48% of organizations experienced an increase in quality that could be tied directly to executive coaching. 3 Retention Keeping top talent from leaving and going to a competitor is costly in both financial terms and in terms of corporate knowledge. 32% 32% of organizations reported an increase in the retention of their talent at the executive level. 4 Improved Customer Service If we're not serving our customers (both internal and external), we are neglecting those who serve us. 34% 34% of organizations cited a reduction in customer complaints as one benefit of executive coaching. 6 Profitability %$4 Cash flow is the lifeblood of business. In order to succeed and grow as an organization, you have to increase the bottom line. 22% of organizations experienced a tangible improvement in bottom-line profitability due to executive coaching. Center for Management & rganization Effectiveness CMOE partners with all types of organizations around the world to provide leaders and team members with performance solutions, training programs, research, and consulting services. Our mission is to help organizations achieve strategic success and build lasting partnerships in the workplace. http://www.cmoe.com SOURCE: Manchester, Inc. 2001 study of 100 executives working primarily in Fortune-100 companies