Executive coaching training is the process by which chief executive officers, senior managers, and business owners learn how to develop core competencies to meet their organization’s short-term and long-term objectives. Some executive coaching also trains management on achieving personal goals, and companies often see that as a benefit. Training sessions are often facilitated by professional coaches, using methodologies that are tailor made to help a company’s leadership excel at tasks. Many training sessions take place at the workplace, but some can occur at alternative locations, such as at a company retreat. The Internet has also made it possible for executive coaching training to be delivered over the web by utilizing web conferencing technology.
The number-one reason that companies invest in executive coaching training in the first place is often to gain an edge over the competition. It’s especially true when the national economy where the business is located is experiencing harsh economic times. Companies may consider it a worthwhile investment to obtain the help of a professional coach to inspire and motivate their leadership into maintaining the company’s financial and sales objectives. For example, training may consist of teaching executives how to do more with fewer resources available to them. There is often a personal component to the training, which may consist of encouraging the leadership to accomplish the seemingly impossible tasks set before them.
Companies may invest in the services of executive coaching training to help with strategic planning. The professional coach is often hired in that case to help the leadership team create a plan that will lead to desired results. For example, a newly formed corporation might pay for executive coaching training so that executive leaders can plan the company’s three-, five-, and 10-year strategic plan. Business owners also need strategic planning when they are ready to grow their business, and they may request the services of a professional coach to help. Executives often have the option of paying for training on their own and soliciting the help of a coach when the company is unable or unwilling to do so.
The length of executive coaching training varies, but a one-time training session is often not enough. Some training programs last as long as a year, and others may be as short as 30 days. Management and the coach who holds the training sessions set the time based on the specific outcomes that managers want to achieve.