Coaching Results and Benefits
See for yourself". Read what others have
to say about the power of executive and
leadership coaching:
"Asked for a conservative estimate of the
monetary payoff from the coaching they got,
these managers described an average return
of more than $100,000 " or about six times
what the coaching had cost their companies."
-- FORTUNE Magazine, 2/19/01,
"Executive Coaching " With Returns a CFO
Could Love" Coaching has become a $1
billion a year industry in the U.S. --- J.
Robertson. The Dallas Morning News,
Aug. 2005 "Between 25 percent and 40
percent of Fortune 500 companies use
executive coaches." -- Recent survey by
The Hay Group, International The
Manchester survey of 140 companies shows
nine in 10 executives believe coaching to be
worth their time and dollars. The average
return was more than $5 for each $1 spent.
-- The Denver Post
Business coaching is a major growth
industry. At least 10,000 coaches work for
businesses today, up from 2,000 in 1996. And
that figure is expected to exceed 50,000 in
the next five years. Business coaching is
also highly profitable; employers are now
willing to pay fees ranging from $1,500 to
$15,000 a day. -- The Economics of
Executive Coaching. Harvard Business School
Journal, July 2002 "Executive coaches
are not for the meek. They're for people who
value unambiguous feedback. All coaches have
one thing in common, it's that they are
ruthlessly results-oriented." -- FAST
COMPANY Magazine.
Executive and Business coaching is
growing at about 40% a year. -- The
Economist, December 2002
"The goal of coaching is the goal of good
management: to make the most of an
organization's valuable resources." --
HARVARD BUSINESS REVIEW
"Once reserved for executives and
professional athletes, personal coaches ...
are going mainstream." -- Christian
Science Monitor
The leaders of organizations such as
Alcoa, American Red Cross, AT&T, Ford,
Northwestern Mutual Life, 3M, UPS, American
Standard, the federal governments of the
United States and Canada are convinced that
coaching works to develop people and
increase productivity. -- Consulting to
Management, Sept. 2002
"Executives and HR managers know coaching
is the most potent tool for inducing lasting
personal change." -- Ivy Business Journal
Employees at Nortel Networks estimate that
coaching earned the company a 529 percent
"return on investment and significant
intangible benefits to the business, "
according to calculations prepared by
Merrill C. Anderson, a professor of clinical
education at Drake University. "
Psychology Today, January 2003
"Coaching is the number two growth
industry right behind IT (Information
Technology) jobs, and it's the number one
home-based profession." " Starts Up
Magazine
"I absolutely believe that people, unless
coached, never reach their maximum
capabilities". -- Bob Nardelli , CEO of
Home Depot
"Who exactly seeks out a coach? Winners
who want even more out of life." --
Chicago Tribune "I never cease to be
amazed at the power of the coaching process
to draw out the skills or talent that was
previously hidden within an individual, and
which invariably finds a way to solve a
problem previously thought unsolvable." --
John Russell, Managing Director,
Harley-Davidson Europe Ltd.
"business coaching, a trend that"s
exploding among small businesses and
organizations nationwide. Its estimated that
up to 20% of American small businesses are
using them, up from 4%just four years ago
and between 25 percent and 40 percent of
Fortune 500 companies use executive coaches"
-- Time Business News from a recent
survey by The Hay Group, an International
Human Resources consultancy
"Once used to bolster troubled staffers,
coaching now is part of the standard
leadership development training for elite
executives and talented up-and-comers at
IBM, Motorola, J.P. Morgan, Chase, and
Hewlett Packard. These companies are
discreetly giving their best prospects what
star athletes have long had: a trusted
adviser to help reach their goals." --
CNN.com
"What's really driving the boom in
coaching, is this: as we move from 30 miles
an hour to 70 to 120 to 180......as we go
from driving straight down the road to
making right turns and left turns to
abandoning cars and getting
motorcycles...the whole game changes, and a
lot of people are trying to keep up, learn
how not to fall." -- John Kotter, Professor
of Leadership, Harvard Business School
For years, CEOs of some of the most
successful and largest companies have relied
on executive coaches. Henry McKinnell, CEO
of Pfizer, Meg Whitman, CEO of eBay, and
David Pottruck, CEO of Charles Schwab & Co.,
are just a few who rely on a "trusted
adviser. " " The Business Journal,
Nov. 2003
"Increasingly, nonprofit executives and
managers are finding coaches a terrific
sounding board and source of help in a
demanding and complex job." -- Nonprofit
World
CEO Coaches -- Few chief executives will
talk about it. But more and more, they're
turning to counselors for help in navigating
the current corporate turmoil. --
Business Week, November 11, 2002
Research from Case Western Reserve
University's Weatherhead School of
Management shows that the impact of
coaching-like training can last seven years.
The emotional-intelligence skills coaches
specialize in help CEOs create more
productive cultures, which in turn drive up
profits, according to Daniel Goleman, Annie
McKee, and Richard Boyatzis in their recent
book, Primal Leadership. Premier
coaches--like good therapists or sponsors in
12-step programs--hold people accountable
for sticking with new behavior. Says Goleman:
"Without a coach, a lot of CEOs are likely
to give up." -- Business Week,
November 11, 2002
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