Why Would an Executive Hire a Coach?
The best advice Eric Schmidt, Chairman and CEO of Google, ever got was to hire an executive coach. Initially, when board member John Doerr suggested this, Schmitt resisted because, as an experienced CEO, he didn’t think he needed a coach. But now, Eric is a big fan of coaching and states in an interview (located on left) that “every CEO needs a coach”.
Why would a successful executive--someone talented as Eric Schmidt, benefit from a coach?
Here are the top six reasons why leaders hire executive coaches.
To Gain Perspective
At the top of an organization you have a unique perspective, but it is also limited by your position of power. An executive coach is one of the few people that is able to tell you what you need to know, but cannot or will not see. Your coach can provide you objective and constructive feedback on your blind spots, and provide an outside perspective on the business and your team.
To Make Better Decisions
To discuss ideas that are still in the inkling stage and support you in making better decisions. Ideas and strategy can get wrung out and grow through discussion. We all need a sounding board and often the only people around us are impacted by the decision. Coaching is a place to test out ideas and strategy with someone you trust and who has no vested interest or competing agenda.
Transitioning to a Bigger Role
“What got you here won’t get you there.” A good coach can help a leader hit the ground running in a new role. Past success can be a big impediment to moving up the ladder successfully as we tend to repeat what has worked in the past even though it may not be appropriate in our new role. Executive coaching can accelerate the transition and ensure success.
To Vent When Necessary
To have a safe, secure and confidential outlet to vent when necessary. Pent up frustrations, anger, and disappointments impair good judgment, and relationships. At times everyone needs a safe place where they can vent a little and to talk things out.
To Develop Professionally
To stay ahead of the curve and become a better leader. To win, you need to continually upgrade your skills and think outside the box. Your coach will provide tools, training and insights that support you in playing your best game.
To Build a Healthy and Effective Organization
Coaching helps you clarify what it takes for you to have a bigger, more positive impact on your organization. To lead change, overcome resistance and unleash the potential of all your employees.