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Executive Coaching: An Emerging Professional Service

Executive Coaching: An Emerging Professional Service. The Whitehall Club. Bruce Anderson Master Certified Coach. August 25, 2006. www.thinkingpartners.com. Agenda. How I became a coach How the coaching has evolved Coaching approaches Examples of typical engagements. Agenda.

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Executive Coaching: An Emerging Professional Service

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  1. Executive Coaching: An Emerging Professional Service The Whitehall Club Bruce AndersonMaster Certified Coach August 25, 2006 www.thinkingpartners.com

  2. Agenda • How I became a coach • How the coaching has evolved • Coaching approaches • Examples of typical engagements

  3. Agenda • How I became a coach

  4. Coaching Defined • Professional Coaching is an ongoing professional relationship that helps people produce extraordinary results in their lives, careers, businesses or organizations. • Through the process of coaching, clients deepen their learning, improve their performance, and enhance their quality of life.

  5. Coaching Facts • Meeting an unmet need for non- pathologically based personal service that provides for an opportunity others to learn and be successful in the world. • Mainstream press has been mostly favorable. • Articles in : Harvard Business Review, Forbes, Fortune, Business Week, and the Wall Street Journal. • There are now academic journals on coaching and universities (including U of H and UT) have offerings on coaching in graduate programs. • Many small and large companies use coaches. • $1 billion per year spend on executive coaching in US.

  6. International Coaches Federation • Ten years old with 10,000 members world-wide • Professional Ethical Guidelines • Coaching Competencies • Thirty certified training organizations, including Coach University, Newfield Network, Georgetown University • Professional Certifications - Master Certified Coach/Professional Certified Coach

  7. Coaching Facts • 40% focus on business and leadership • 60% some other type of coaching such as life coaching • There are a number of different styles and approaches to coaching. • As in most entrepreneurial endeavors there is a wide range of income and success.

  8. Leadership CoachingContext

  9. Competencies CoachingEnhancesEffectiveness The Leader Values Behavior Focus Business Consulting Enhances Effectiveness The Company Alignment Collaboration Trust RevenueEnhancement CostManagement Risk Management Critical Factors For Business Success

  10. Requirements for Personal Change Awareness Acceptance A declaration to change Energy and time Shifts in beliefs and assessments Skills/behavioral development Consistent application Feedback systems in place

  11. Developing Awareness • The Birkman Inventory • Other personality inventories • Emotional Intelligence assessment • 360 Degree Assessments • 360 Degree Interviews • Enneagram Personality typing system • Various self discovery exercises and readings

  12. Leadership Mastery Map INTERIOR EXTERIOR COACHING CONVERST ION SUBJECTIVE OBJECTIVE LANGUAGE EMOTIONS Moods Beliefs Values Needs Personality BODY Health Behavior Execution Company Culture Social culture Family Culture Shared Beliefs Shared Values Shared Stories Social Practices Systems “The Business” Economics Business Structure Technology External world Life Structure

  13. Engagements • Most engagement are 6 to 12 months in duration. • Coach engaged by business owner or executive in corporation who want to be more successful • Coached hired by corporation as part of leadership development process for an individual or individuals such as high potentials or newly appointed leaders. • Coach hired by corporation to address specific issues with an employee. • Fees are $1000-2000/mo

  14. Representative Engagements • President- $35 million transportation company • Managing Principal-executive search firm • Senior VP-$1 billion LNG Business. • President-$500 million E and C business • Owner-$3 million commercial installation company • Owner- $1.5 million garden center • President- $5 million engineering and design firm • Managing Principal- $30 million architectural firm

  15. Questions www.thinkingpartners.com

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