Two-thirds of CEOs don’t receive any outside advice on their leadership skills, and yet almost all would be receptive to suggestions from a coach. These stats are from a Stanford University/The Miles Group survey released November 2013, which asked 200 CEOs, board directors, and other senior executives questions about how they receive and view leadership advice.
Why is getting coaching from outside the company important?
Blind spots are less obvious when things are going well. It is very easy for executives to become almost strictly inward looking, especially when they have been very successful. But these blind spots can become devastating when performance moves in the other direction. A good, neutral third party assessment is a clear reality check for executives.
Additionally, every single person inside the company has an agenda of some sort. This makes the coaching environment a rare and safe place to think through various topics against the framework of what is in the CEO’s best interest. The coach is only concerned with the CEO’s wild success as the leader of the company.
Many of the highest performing CEOs disclosed that Peter Drucker advised them. They may have used a different term in an earlier era because of the stigma, that coaching implied a need for remedial support, but we are now moving clearly into an era where there is less stigma associated with having a coach.
Board Directors are now recognizing that resourcing the CEO with a coach is a leveraging investment in the organization. Public companies want their CEOs to thrive. The owners of private companies often face isolation and pressures with which few in their company can identify. Boards of non-profits are seeing the value of developing their senior leadership and especially value the need for internal mentoring on the part of the C-level staff.
In football, the coach plays a strategic role from the sidelines, but does not run the field. The quarterback and the coach are crucial to maximum performance.
Are you ready to step up for coaching that can move your organization forward?
If so, contact our International Office and ask for our Ring Of Fire Assessment by writing firstname.lastname@example.org. From here we can determine if and how we can help.