A business might consider hiring an executive coach for various reasons. It is important to recognize that your business can benefit from executive coaching whatever stage it is at. The greatest athletes and businesspeople in the world have coaches. Most of us know from watching football and other sports that different coaches can impact the performance of even the world’s most talented people. That is because coaching is an artform. A good coach can completely transform the right person.
Businesses need executive coaches, too. An executive coach can help your key staff make important decisions and assist you in times of serious change. A good executive coach will easily spot areas where you can improve (such as communication or accountability) and that might be impeding your performance.
Although we believe that all businesses can benefit from an executive coach, there are certain key indicators that a business might be especially in need. Here are a few of them.
There’s trouble at the top
Let us assume that you are a senior leader within your organization.
You might have a wealth of experience, but that does not mean that you’ve already reached your full leadership potential. If your senior management teams are struggling with communicating or agreeing on key performance indicators this might be a strong indication that you need an executive coach.
You have no clear goals
It is important to set tangible and measurable goals for your business. In 1954, Peter Drucker introduced the ‘management by objectives’ approach, where employees agree on a set of objectives with their boss and then work towards them annually. These days, 95% of companies set goals and objectives for the business and their teams.
There are different methods of goal setting, however, and the right one depends on a number of factors, including the type of business you have and your team capacity.
If you struggle to communicate your goals at a granular level, an executive coach can help you to identify why you struggle and to improve in these specific areas.
You’re worried you have recruited the wrong people
According to an article on mckinsey.com, a study of more than 600,000 researchers, entertainers, politicians, and athletes found that high performers are 400% more productive than average ones.
That means your best staff are carrying everyone else, but imagine if everyone was performing at the same level? An executive coach can identify weaknesses and make sure staff get the training and support they need to become high performers. They can also help you recruit the right staff to better ensure you do not fall into this position in the first place.
You have a negative business culture
Organizational culture is incredibly important. If you don’t have a clear idea of what your company culture is and aren’t actively working towards making it better, it could be seriously impacting your performance.
A study of 1,000 organizations and more than three million staff by mckinsey.com found that not only does culture correlate with performance, but healthy cultures enable organizations to adapt which is very important in business. Additionally, it was found that unhealthy cultures can not only result in poor performance but can destroy your business.
An executive coach can help you to identify and improve your company culture as attempting this yourself can be very difficult. Don’t feel tempted to read about Google and their free food and interesting office furniture and try to emulate it. Use an executive coach to create your own company culture and bring out the very best bits of your organization.
There’s low employee morale
Potential signs of low employee morale can range from having too much drama at work to a severe lack of drive from several employees. You might see this in single team or across the organization.
It is important to note that low employee morale can often lead to negative company culture, as discussed above, so it is very important to address it before it becomes an issue.
A study found that having happy salespeople raises sales by up to 37%. Happy employees will make you more money. Dr Noelle Nelson, psychologist, consultant, and speaker, says in her book that employers who take their employee’s interest to heart work harder.
Identifying how you can make your employees happy and working hard to do it can positively impact your organization. An executive coach can show you how to do this in the most effective way.
The John Behr Group can help
If you’re looking for an executive coach, Dr, John Behr can help you.
Recognized as an expert in the areas of executive coaching and executive assessment, John Behr has worked with several Fortune 500 companies in the United States and leading companies in Europe, India, China, Japan, and Southeast Asia.
Although his coaching is founded on sound principles of leadership, his open-ended approach helps him take global leaders and other senior executives through a process of self-discovery that is more likely to result in lasting changes in performance that have a broad range of impact.
His work is informed by:
- 26 years of experience, including work with global leaders that has given him valuable insight into the differences between eastern, western, and regional leadership styles and decision-making.
- Thousands of executive assessments, with a proven record for accuracy.
- Comprehensive training that includes MS and PhD degrees in Industrial and Organizational Psychology from the Illinois Institute of Technology.
To discuss how Dr John Behr’s executive coaching can help your business or organization, please fill in the form on the contact page of our website.