Running a successful business might sound like a fun and exciting process. However, without any sugarcoating, it is not as fun and easy as it seems. To run a successful business, you must have the ability to make the right decisions and implement them effectively. Otherwise, you are setting yourself and your employees up for a big failure.
While many might assume decision-making skills as an inborn talent, it is definitely not that. In fact, it is a skill that can be learned and enhanced over time. Now, you must be wondering how to improve your decision-making skills. Well, executive coaching can help you strengthen your decision-making skills.
Executive coaching has gained immense popularity among today’s management circles for all the right reasons. It can benefit everyone working in an organisation, from business leaders to employees. When business leaders improve and develop better leadership skills, they can lead their teams better and achieve business goals faster. Now, you must be wondering how executive coaching can help me make better decisions.
Read this article to learn about executive coaching and its role in improving decision-making skills!
What is Executive Coaching?
Before discussing the importance of executive coaching in business, you need to understand what exactly executive coaching is. Executive coaching for CEOs, also known as leadership coaching, is professional training to help business leaders develop skills, personality traits, and habits crucial to their business’ success.
It involves a series of one-to-one interactions between a business leader and an external coach. These executive coaching sessions aim to equip business leaders with the knowledge and opportunities they need to develop themselves and become more effective in contributing to the foundation of a thriving business.
In the past, executive coaching for leaders was not considered necessary in the business world. However, things have changed for the better now. Many business leaders have registered themselves for executive coaching programmes to become better versions of themselves for the successful growth of their businesses. From improving leadership and management skills to developing decision-making, and conflict management skills, the benefits of executive coaching and leadership development are endless.
How Can Executive Coaching Improve Your Decision-Making Skills?
Inexperience, lack of knowledge, stress, pressure, and overwork can often result in business leaders making rushed and wrong decisions. These poorly-made decisions not only negatively impacts them but also their team members and the broader company. However, executive coaching will make business leaders more likely to make better decisions for themselves and their businesses.
Executive coaches will use various executive coaching techniques and strategies to help business leaders identify their strengths and weaknesses. Also, in times of stress, they will make them look at the bigger picture in terms of business goals. Your executive coach will be responsible for creating a strategy and keeping you on the right track.
Leadership is all about making smart decisions and setting a productive tone for team members to follow. If you have the right coach, they will share many executive coaching tips to refine your instincts, improve your judgments, expand your perspective, and elevate your work culture to help you make well-informed decisions that move your business forward.
Success Stories of Executive Coaching
Is executive coaching worth it? Here are a few real-life examples of how executive coaching proved worthy and helped business leaders make better decisions for their businesses:
Software Company
A budding software company experienced a disconnect between the sales and customer support teams. The increased tension between both teams was negatively impacting the business. Therefore, the CEO hired a executive business coach to help them handle the challenging phase.
The executive business coach helped the CEO identify the main barrier to success and implemented a project to find personality types using Myer Briggs Testing. Later, the CEO organised various workshops for the team, creating a clear and shared company vision. Also, with the help of a executive business coach, the CEO identified the staff who needed a little extra support to get on board with the changes essential to the business to deliver results.
All these efforts resulted in a shared vision and common goals, which made teamwork more efficient and increased customer satisfaction.
Freelance Accounting Business
Peter, a highly experienced freelance accountant, noticed that he had been losing many clients lately. After many hours of thinking, he decided to take corporate executive coaching to help his business thrive like before. The executive business coach helped Peter identify his strengths, weaknesses, and new opportunities. After a little digging, the executive business coach found out that a new accounting business had opened nearby. Therefore, he suggested Peter conduct a competitor analysis.
Also, the executive business coach interacted with a few of Peter’s old clients. Surprisingly, everyone admitted to Peter being the best at his job. However, the thing that made them switch to a competitor was Peter’s inaccessibility. They felt foolish asking Peter questions or asking if things could be done another way because of his unfriendly tone.
Even his business website or portfolio gave an impression of being rigid and old-school, which Peter reinforced through his short communications. On the other hand, the competitor did not only have an attractive website with many friendly colloquial lines scattered to engage clients, but he also seemed too nice and friendly in his interactions. Therefore, the executive business coach suggested Peter hire a marketing consultant to change his business appearance entirely from logo to website language.
Also, with the help of a executive business coach, Peter changed his signature email style and included many short sentences to make the customer feel valued and welcomed. Peter habitually sends a small box of chocolates to each client on their birthday to maintain a good relationship with them.
All these improvements resulted in dropped customer hesitation and an increased number of new clients. Now, Peter enjoys the reputation of being the “best accountant in town.”
Conclusion:
Executive coaching services aren’t just for personal benefit. When leaders grow big in strength and effectiveness, their businesses grow big too. After all, business is all about relationships and people involved, no matter how much-advanced technology you bring in.
Are you looking for reliable executive coaching providers? Contact ActionCoach. Call us today at 01442 773310 or email westherts@actioncoach.co.uk for the best executive coaching service. We will discuss your specific needs and customise your coaching sessions to meet them efficiently
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