The cut-throat competition in the corporate world is urging organizations to take different, and effective, steps in order to survive and thrive. Therefore, many organizations are drifting towards this trend of coaching leadership style. There are numerous benefits associated with this style. Generally, this coaching is done on an individual level; hence, all the employees work in an organization can obtain its benefits.
Let’s have a look at some of the benefits of moving towards this style of coaching:
It Can Improve the Profitability of the Firm
Coaching in leadership style, if implemented in a firm, can have a positive effect on its profitability. Employees will be inspired to work with full dedication and commitment. Since every employee will be able to work to the best of their potential, overall productivity will witness a surge. This enhanced productivity will result in improved profitability of the firm.
Better Communication Among Employees Working on Different Levels
With coaching leadership style, the communication in the organization becomes better as it flows both ways. In the traditional working styles, managers or people working in higher authorities pass on commands to their subordinates and there is no room for other way communication. However, with this style, concerns can be voiced by the subordinates during their dialogues with the executives. Their problems are listened and dealt with in a proper manner. The ultimate result is better communication among employees regardless of their posts.
Identification of Strengths and Weaknesses
One of the prominent features of the coaching leadership style is that it helps to identify one’s strengths and weaknesses. The leader is involved in all the aspects and they communicate with subordinates on a routine basis. Thus, they develop an understanding of their strengths and weaknesses. This allows them to use specific coaching techniques that can turn those weaknesses into strengths. This way, the productivity and efficiency of the employees increase, which, in turn, gives a boost to the profitability of the firm.
Helps to Raise New Leaders
Leaders who use effective coaching skills can help to raise a new generation of leaders. They instill leadership skills in their subordinates, prepare them for the challenges they will face in the future, and serve as an inspiration to them. In addition to that, they also motivate, encourage, and urge them to do better, expand their horizon, set viable career goals, and most importantly, lead from the front. All these skills can help them to become a better leader in the future.
You can also read: Characteristics of successful leaders
Promotes the Culture of Feedback
In the conventional work environments that do not have leadership style coaching, the culture of feedback is hardly prevalent. Regardless of their post, employees in a conventional work environment aren’t really open to feedbacks. Hence, communication flows in a single direction. However, leadership coaching can introduce the culture of feedback. Feedback allows the communication to flow in both ways. It promotes learning, development, and motivation. Effective feedback can also help in converting the flaws of an individual into their strengths.
A Final Word
To sum it up, every organization, regardless of its nature, can obtain numerous benefits by making this ‘move’. However, for conducting a coaching program in the leadership style, it is important for the employees to have a growth mindset. They must be prepared well in advance before adopting this style. If they aren’t ready to embrace this change, you may not get the desired result in your organization. Any concerns or ambiguity they have related to this move, it should be cleared in advance. Furthermore, they must be made aware of the individual benefits they can obtain if the organization is adopting this trend.
John Mattone is the world’s top executive coach & authority on Intelligent Leadership (IL), the world’s best executive coach and the creator of the IL Executive Coaching Process and Certification. John Mattone is globally respected as a uniquely distinguished top leadership coach authority who can ignite and strengthen a leader’s inner-self and talents, which enables them to realize four “game-changing” outcomes that they can leverage in their business and life: Altruism, Affiliation, Achievement, and Abundance (The 4 A’s).