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Ongoing individualized coaching is now a fairly common and proven method of leadership development for executives. Executive or leadership coaching is valuable whether used alone or as a follow-up to training.
Whether preparing executives and their families for the three major stages of a long-term assignment (pre-departure assessment and preparation, initial immersion in the host culture, and repatriation) or for alternative assignments, executive coaching might ensure that both the executive and the business goal move forward in such a way that employee satisfaction, successful performance, and assignment completion are maximized. Effective coaching also ensures that employee retention remains high.
MOBILITY, July 2001 (Employee Relocation Council)
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Coaching management is a hot trend at a growing number of FORTUNE 500 companies, from IBM and Dow Chemical to Marriott International and Glaxo Wellcome. ... The main reason behind the trend is the booming economy, which makes good staff hard to get and harder to keep. ... many of those who go through the programs persuasively describe positive results: practical solutions to problems, increased job satisfaction, even advancement. Moreover, although there are no direct data, says Harvard's [David A.] Thomas, [Fitzhugh professor of business administration], corporations believe that coaching helps keep employees and that the dollar investment in it is far less than the cost of replacing an employee. Play of the Day, Time Magazine, September 25, 2000
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Ursus Consulting 3025 NW 65th St Seattle, WA 98117-6212 206-663-7875
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