Author: Korrie-Mae Wiszniak
…and yet it’s the answer to the question, “How do you ensure your company’s future success?”
Inc. 500, reveals a plethora of instances in which the quality of a company’s leadership is the greatest indicator of their future success or failure. Not market share, not quality customer service, not profit margins – LEADERSHIP! With this in mind, the answer to the question above is simpler than you’d think and clearly supported by research: a business coach! That’s right, you simply need a business coach to ensure your companies success!
“Leadership is a lifestyle, and it is all about working to improve yourself rather than trying to fix other people. The more you improve yourself and your leadership, the more successful you will be.” – SNSD Mark Younger
It may or may not come as a surprise, but according to the Harvard Business Review, 2 out of 5 new CEO’s fail within the first 18 months of occupying their position. Interestingly enough, the reason for this failure has less to do with incompetence, knowledge or experience and more to do with ego, lack of emotional intelligence and leadership style according to David Dotlich and Peter C. Cairo, in their book, Why CEOs Fail: The 11 Behaviors That Can Derail Your Climb To The Top And How To Manage Them. Additionally, 82% of newly appointed leaders fail because they neglect to build partnerships with subordinates and peers.
Kelly See, Elizabeth Wolfe Morrison, and Naomi Rothman, published in Organizational Behavior and Human Decision, that one characteristic of powerful and successful leaders is a high level of selfconfidence. Along with the higher level of self-confidence, the researchers assert these leaders are less open to advice and feedback. This translates to a leader who may not feel they need a business coach when, in reality, they are the most likely to benefit. Additionally, See et. al reports that powerful leaders seldom receive useful feedback from anyone within their organization, thus compounding their deficits.
“If I had nine hours to chop down a tree, I’d spend the first six sharpening my ax.” – Abraham Lincoln
Great leaders with longevity make those around them successful. They are passionate, committed, authentic and action oriented. In today’s high pressure environment, leaders need a trustworthy, third party who can provide a focus that other forms of organizational support cannot. Professional business coaches can help leaders grow and improve performance, reduce or eliminate their blind spots and be open to constructive feedback. Whether you are a CEO, or the owner of a small or midsized business, constructive coaching increases the likelihood of your success and also encourages an atmosphere to express ideas, fears, visions, dreams and actualize goals.
Eric Schmidt, Chairman and CEO of Google relayed that his best advice to new CEO’s was simply to, “have a coach.”
Steve Bennett, former CEO of Intuit said, “At the end of the day, people who are high achievers – who want to continue to learn and grow and be effective – need coaching.”
It is far more beneficial to invest in a leader who possesses the traits above than to bet on a great business, whose leadership falls short! Smart Leaders and progressive companies now realize the value of a Business Coach; include yourself in this category – get a Coach!