Current Research and Practice
- New Horizons in Management series
Chapter 10: Executive Coaching co-authored by Olena Stepanova
10. Executive coaching Co-authored with Olena Stepanova, IESE Business School and Universitat Autònoma de Barcelona OVERVIEW Coaching has recently emerged as a discipline, a profession, a leadership style, and a new area of empirical research. The practice of coaching has been around for millennia in the form of individualized, professional advice and training, but has only recently been formally recognized as a psychological construct within the corporate and academic arenas. This recognition of coaching has arisen due to recent changes in organizational management practices. A recent study conducted by the Boston Consulting Group in collaboration with the European Association of Personnel Management (EAPM) surveyed 1355 executives from 27 countries in Europe. This study identified the current trends in human resource management as consisting of: managing talent, managing demographics, becoming a learning organization, managing work–life balance, and managing change and cultural transformation. Coaching is expected to play a major role within these trends by offering four distinct advantages to both the individual and organization. First, coaching is an important tool for diagnosing and developing competencies, and for developing individual learning and change. Second, coaching is an important leadership style for managers to practise situational leadership. Third, coaching is needed as a means of supporting and retaining the increasingly scarce numbers of high-performing expert managers by guiding them through tough decisions, helping them to maintain healthy and efficient work patterns and helping them to deal with increasingly demanding clients and employees. Finally, coaching assists in the customization of human resource...
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