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Q1: What is Executive Coaching?
Executive Coaching is a
professional partnership between a qualified coach and an executive or team in
a corporate environment that supports the achievement of significantly improved
business results, based on goals set by the executive, his organization or
team. Through the process of coaching, executive focuses on the skills and
actions needed to successfully produce the desired results. The executive or
team chooses the focus of conversation, while the coach listens and contributes
observations and questions as well as concepts and principles, which can assist
in generating possibilities and identifying actions. Through the coaching
process the clarity that is needed to support the most effective actions is
achieved. Coaching accelerates the executive or team's progress by providing
greater focus and awareness of possibilities leading to more effective choices.
Coaching concentrates on where executives are now and what they are willing to
do to get where they want to be in the future.
In executive coaching,
- The client is the executive
- The sponsor of the coaching engagement may be the
executive's supervisor or other stakeholders
- The objectives are agreed in consultation with the client
and the sponsor
Q2:
Is there a structured process for coaching?
An effective coaching relationship produces results and
follows a systematic process called the Coaching Conversation. It is a
remarkably simple 4-step model consisting of:
Setting Goals
Checking Reality
Exploring Options
Charting the Way Forward
We call this the GROW process.
Q3. What are the benefits of coaching?
From the point of view of
corporate leaders and shareholders, the ultimate reason for running an
executive coaching program is to improve business results. This means
increasing profits, reducing cost, or achieving both within a defined time
frame. Executives who are coached can expect to experience fresh perspectives
on leadership challenges and opportunities, enhanced thinking and
decision-making skills, greater interpersonal effectiveness, and increased
effectiveness in carrying out their chosen work and life roles. Consistent with
a commitment to enhancing their personal effectiveness, they can also expect to
see appreciable results in the areas of productivity, personal satisfaction
with life and work, and the achievement of personally relevant goals.
Q4:
What are the broad areas that are covered in coaching?
The following are some typical applications:
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Preparing a high-potential executive for a promotion
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Developing /enhancing competencies after 360 degree feedback
process
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Integrating expatriates into a new environment and culture
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Transforming organizational culture to unleash commitment
and creativity
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Developing leaders to lead high-performance business teams
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Re-building teamwork after a company's M&A
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Building a highly effective and cohesive Executive Team.
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Facilitating the
discovery of blind-spots in senior executives and helping them make critical
leadership and behavioral shifts
Q5: What will be the results of coaching?
Are they measurable?
A number of surveys done
internationally have indicated that there is correlation between coaching and
increased business productivity.
Manchester, Inc, a human resources consulting firm in the US, recently
surveyed 100 executives from Fortune 1000 companies and found that coaching
resulted in improved productivity, quality, customer service, cost reduction,
staff retention and reduction in customer complaints leading to a 22%
improvement in profitability. These companies witnessed an average return of
investment of 6 times the initial investment in typical executive coaching
program. Half of these executives held positions of VPs or higher. Almost 60%
of the executives were aged 40 to 49 and one-third earned US$200k or more per
year. ( Fortune, Feb 19, 2001)
A Sibson and McKinsey report ( 1998) mentioned that firms
with more capable people at the top have 70% higher returns to shareholders.
In our firm , our coaches have
undertaken numerous assignments with
various MNC and government-linked organizations through the Asia-Pacific. We
have helped individual executives and their organizations become more
collaborative, innovative and
effective. The results that we have
achieved are much like those mentioned
in the two preceding surveys.
Q6: Why is coaching necessary?
Isn't it part and parcel of the responsibilities of all managers and
supervisors?
Coaching is not new.
Traditionally, for hundreds of years in the trades and professions, an older
and more experienced senior would pass on personalized and specific knowledge
and skills to a younger person through a one-on-one relationship. As society
advanced and the business environment became more complex, the art of coaching
became lost.
Nowadays, managers, supervisors
and bosses who find the time to systematically coach their people are few and
far between. Successful coaching also requires a greater understanding of human
behavior and deployment of certain competencies and proficiencies that may take
a long period of training to acquire. And in the 21st century,
leaders will need to make a paradigm shift in the way they lead. The business
environment calls for a more collaborative, open, empowered and networked
relationship, which will be facilitated by a "coaching culture".
Q7: Who will
benefit from coaching?
In this era of the knowledge
workers, development and retention of talent-rich staff frequently makes the
difference between failure and success for companies around the world. To stay
ahead of the competition, the phenomenon of constant and accelerating change
makes it vital for organizations to keep reinventing themselves by continually
learning. The key to success in this process lies with the executives
themselves. Ultimately, the company's ability to learn and apply their learning faster than the
rest of the field is the company's primary sustainable competitive advantage.
Many companies are now investing
in executive coaching as a vehicle to enhance their human capital. As external
executive coaching services are often an expensive undertaking, the usual
practice is for only the most senior executives and the high-performers to have
executive coaches. The thought here is that by developing the creme de la
creme, the effects of more effective and enlightened leadership will filter
down the ranks. Many companies are now taking the additional step of developing
internal coaching competencies. This is
a key step to creating a coaching culture throughout the organization. When
coaching pervades deeply into the company, the climate is transformed and the
people develop greater commitment and are more productive and innovative. Thus
the quality of the workforce is enhanced.
Q8: Isn't it a stigma to have a coach? How
will people perceive it?
There may have been a time many years ago when coaching was
treated as a last-ditch effort at remedial actions for a non-performing
executive. But now attitudes to coaching have changed completely. These days
being assigned a coach is viewed positively as a program accorded only to the
most senior executives or to those staff with high potential. Being assigned a
coach is clear evidence that your company believes in your potential and value
and wants to help you develop it to the fullest.
Q9: Are there different types of coaching?
In a corporate environment, there are basically three types
of coaching as defined by:
skills coaching
performance coaching
development coaching
"Skills coaching" refers to
development of specific skills and abilities, e.g. presenting, selling or
dealing with the media. As we move right in our continuum, "performance
coaching" becomes broader in scope. It is to enhance the client's performance
in his current role, usually by enabling him to develop certain behaviors, or
to remove blockages to his performance. Frequently, the required performance
improvement is identified in the context of a development planning process and
may be the result of a 360-degree feedback process. On the extreme right of the
continuum is "development coaching." In this relationship the coach creates the
conditions for reflective learning so that the client gains perspective on his
experiences and self and on his leadership activities in the organization. This
is deployed nowadays in many forward-looking companies to groom 'hi-pos' for increasing
responsibilities. It also adds most value to the organization when it
is offered to senior executives as their roles involve managing considerable
complexity and a wide span of discretion. Further, they exercise substantial
influence on the rest of the organization. It is an integral part of the talent
development process in many companies.
Q10: What are pre-requisites for coaching to be successful?
For a coaching relationship to be effective and successful,
the following are necessary conditions:
Willingness on the part of the client to be coached
Client's commitment to take the necessary actions identified
in the coaching process
Confidentiality of the relationship
Mutual trust and respect between coach and client
A competent, motivating and challenging coach
A supportive environment
Q11: Are there situations where coaching may not be
successfully applied?
If any of the pre-requisites mentioned above are missing,
coaching will not be successful.
Generally, if an executive is
faced with a situation over which he has absolutely no control, then confining
the coaching domain to the individual himself may not yield significant results
to the company. To be effective, the overall situation in the larger
environment will need to be addressed.
Coaching is also not suitable in
situations that require intervention by trained specialists in such fields as
psychology and therapy. Executive
coaches are trained to be alert for such situations and recommend the
appropriate referrals
Q12: When a company
engages a coach for their executives, how does it get regular feedback on how
the executives are progressing?
When a coach is engaged by a
company, the first point of contact may be the HR VP or some other senior
executive who may be the sponsor. The coach will also request to meet up with
his potential client. Once there is a buy-in on the objectives of the coaching
relationship by all three parties, the coach will treat his coachee as his
primary client. As the whole purpose of the coaching arrangement is development
of the client, the coach will focus his efforts on working directly with the
client.
The HR VP who initiates the contract or the
sponsor will obviously want to be kept
posted on progress. To meet this need, it is our recommendation that the most
direct evidence of progress will come from the client himself or herself. Let
the client manifest the progress he is making in the way he is leading and
interfacing with co-workers and others. This is ultimately the best test. If agreed to ahead of time, the client may
also be asked to give periodic reports to the sponsor on the progress of the
coaching activity. Should the sponsor
wish to meet with the coach, it is highly recommended that the client also
participate in the meeting.
Confidentiality is an essential ingredient to a successful coaching
experience. Hence, the HR VP or other
senior company executive in charge should respect this aspect of the
process. As confidentiality of the
coaching relationship is of utmost importance, any regular reports submitted to
the HR organization should be done jointly between the coach and his
client.
Q13: How should
coaches be selected?
The most important thing to look
for in selecting a coach is someone whom the client may feel he can easily
relate to as this will create the most powerful partnership. A sense of trust
and rapport will be very important ingredients in a coaching relationship. Here
are some questions that the HR person
may want to ask the prospective coach. It is also recommended that the
client may wants to meet the coach as well before formalizing the coaching
contract.
What is your
corporate background before you became a coach? What kind of roles and
seniority did you have?
What is your coaching experience? (number of executives
coached, their seniorities, years of experience, types of situations)
What is your coach specific training?
What is your coaching specialty or client areas you most
often work in?
What are the
specialized skills or experience do you bring to your coaching?
What is your philosophy about coaching?
What is your specific process for ensuring business results?
What are some coaching success stories? (specific examples
of individuals who have done well and examples of how you have added value)
Q14: Do we get to assess the proficiency of coaches?
Can we terminate their services if we are not satisfied?
It is the objective and commitment of coaches to add value
to their clients. After a few sessions working together, clients are generally
in a position to assess whether there is progress made in accordance to the
goals agreed. In our firm, we have a
process of asking for feedback, both verbally in writing, from clients about
how their coaches are working with them.
Clients are free to discontinue the services of a coach that he feels is
not meeting his needs.
Q15: Typically when
you coach someone, how would you approach it?
It usually starts with a
preliminary getting-to-know-each-other session. In this session, the coach
explains the coaching process and the kind of commitment required of both
parties for a successful outcome. The client's needs and expectations are then
discussed and both agree on the frequency of the coaching session and the
duration. Confidentiality if the process is also discussed
and affirmed.
How structured each session is
depends on the types of coaching required, i.e. skills, performance or
developmental. In general, the 4-step GROW model is used as a guide. Every
session will be focused on helping clients to reach the agreed goals. The
session ends with an action plan that the client will propose for himself. In
the following session, the client will report on his progress made since the
last session. Through this interactive process, the coach creates a supportive
environment that enables his clients to achieve his desired objectives.
Q16: Tell us more
about your company. Who are the coaches? What is their background and track
record?
Complete information on our
company, Coaching Associates Pte Ltd, is contained in our brochure. You may
also visit our website at www.coachiates.com.
The founders of this company are
all experienced senior business executives with expertise in various fields
such as general management, manufacturing, banking, financial services,
customer services and training. We now
have a team of seven coaches of various nationalities, making us one of
the largest and most experienced coaching services providers in Asia. We are
all certified coaches from Coach U in the US and are members of the ICF, the International Coach Federation. Fuller details of our individual background
and track records are available upon request.
Q17: How is coaching linked to the 360-degree feedback
process? If you have not been involved in the 360-degree feedback, how can you
coach our executives as a follow-on?
In many companies around the
world, the 360-degree feedback process is deployed as an integral part of the
performance development process that provides meaningful feedback to the
individual, coupled with systems that support actions for improvement.
There are two separate and
discrete aspects involved: (a) the
actual 360-degree feedback itself and (b) the subsequent focus on actions to
bring about improvements. While there are some advantages in having the same
consultants be responsible for executing both aspects, it is not absolutely
necessary to do it in that manner. Many companies are doing both separately.
The end result of the 360-degree
feedback is awareness and agreement on the part of the individual being
assessed of opportunities for improvements in his performance. Once that is
successfully achieved, the next phase is taking the necessary actions. This is
where the maximum benefits to the individual and the company can be reaped. While
the 360-degree feedback identifies the " gaps," closing the "gaps" is where
difficulties are usually encountered. Executives who are supported by coaches
in this vital phase will achieve success in their individual programs of
improvement.
Q18: We have senior
executives located in our offices all over Asia. How will you deploy your
coaches to service us?"
We currently have a team of seven
experienced executive coaches. Although we are stationed in Singapore, we are
all highly mobile and will travel to various parts of the world in our
assignments with MNCs. We would
recommend a mixture of face-to-face sessions and tele-coaching sessions. They are both highly effective. We have been working with clients with
offices all over Asia successfully for
many years.
Q19: Which are the companies that
have implemented executive coaching?
Globally, many of the leading MNCs have embraced executive
coaching as a culture and as a leadership process. The list continues to grow.
Some examples of our clients include:HP, Shell, AT&T, Pfizer, AMD,
National Starch & Chemical, Equant, Lucent Technologies,, Infocomm
Authority of Singapore, Chartered Semiconductor Manufacturing, Aviva, Honeywell,
STATS, TNT, Schneider-Electric, Fuji Xerox, Microsoft, SITA, SMRT, BonusLink,
NEC,et al.
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