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In our first article on this subject, we looked at the types of Executive personalities.
Now, we'll continue with our overview, so you can be better aware of your own type of personality and see how executive coaching could benefit you.
- The Status Seeker.
The Status Seeker won't admit it, but he prefers the perquisites over getting results. He or she is very concerned with looking good, getting credit, and building a strong reputation. Fancy titles, big bonuses, special recognition, and the corner office are all important to the Status Seeker. The coach needs to have the status seeker focus on results and accountability first, and the natural status that follows from results second.
- The Bottom-Liner.
This very driven executive speaks quickly and concisely, has little tolerance for lengthy analysis, makes quick decisions from the gut and wants results yesterday. The Bottom-Liner needs to become more patient and tolerant of people with different styles, and learn to adapt his style to the person he is dealing with.
- The Safety First-er.
Executives motivated by safety resist change. They may be close to retirement, or simply do not want to rock the boat. Generally they are skilled at keeping their heads down and doing predictable tasks. Their challenge many times is getting outside of their comfort zone.
- The Envelope Pusher.
The Envelope Pusher has a high tolerance for risk, sometimes too high. He often is an Early Adopter of new technologies, and is frustrated when others don't move as quickly as he does. He often has bold new ideas that are ahead of their time, or at least ahead of where the organization is ready to go. This executive is a wonderful asset to an organization, because he is often a source of innovation and a refreshing voice for change. However, sometimes his ideas need to be tempered by the organization's willingness to change. Also, he may need coaching on focusing on the details and getting results today, regardless of what will be possible tomorrow.
- The Visionary.
The Visionary is great at painting inspiring pictures of a wonderful future. Unfortunately, he often isn't very good at developing action plans or figuring out how specifically to achieve the vision. The coach can help bring greater range to the Visionary by working with him on shifting from vision to opportunities and alternatives, and finally to a plan with accountability for making things happen.
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Part 2 -
Part 3 -
Part 4
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In one study conducted by MetrixGlobal LLC, companies including Booz Allen Hamilton received an average return of $7.90 for every $1 invested in executive coaching.
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A recent study of Executive Coaching in a Fortune 500 firm by MetrixGlobal reported a 529% return on investment and significant intangible benefits to the business.
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A survey by Manchester Inc. of 100 executives found that coaching provided an average return on investment of almost six times the cost of the coaching.
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An internal report of the Personnel Management Association showed that when training is combined with coaching, individuals increase their productivity by an average of 86% compared to 22% with training alone.
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A Hay Group study of Fortune 500 companies found that 21 to 40% utilize Executive Coaching; Coaching was used as standard leadership development for elite executives and talented up-and-comers.
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A 2001 study on the impact of executive coaching by Manchester Inc. showed an average ROI of 5.7 times the initial investment or a return of more than $100,000, according to executives who estimated the monetary value of the results achieved through coaching*.
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A 2001 study on the impact of executive coaching by Manchester Inc. showed an average ROI of 5.7 times the initial investment or a return of more than $100,000, according to executives who estimated the monetary value of the results achieved through coaching*.
read more
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