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About CEO Coaches and CEO Coaching - What Are They?

 

First, we start with the fundamental question of what ceo advisory group exactly is. To put it simply, it is employing a coach for the CEO of a company who will act as her or her mentor, advisor, guide, and even armchair therapist if needed. CEO coaches work closely with the CEO, and ultimately their task is to meet goals and help in the CEO's professional and perhaps personal development depending on the terms of their partnership.

While most CEOs do not employ coaches, studies have shown that they are all receptive to the idea of it. Big names like Jeff Bezos and Larry Page have used CEO coaches, and in general, coaching has been proven to yield positive results.

So what results precisely, one might ask? Well, the primary duty of a coach is to help their mentee become a better CEO. As mentioned before, this entails setting goals and ensuring the fruitful development due to the CEO training program. Importantly, a coach does not just work with the CEO but also interacts with other organization figures such as shareholders, others in important positions, and anyone else relevant to the CEO's daily operations or of notable importance. This helps holistic coaching in the sense of gaining knowledge that is both internal and external, along with the impartiality of someone unattached to the CEO's organization.

As CEO training is largely result based, the goals are usually defined from the beginning and include but are not limited to-

  • Building on strengths and fortifying weaknesses – A good coach will first identify the strengths and weaknesses of the CEO. This can be done by a range of methods moving from psychometric tests to interviews to shadow and observe the CEO. Once a profile is formulated, the trainer will set objectives that involve minimizing weaknesses while improving upon the strengths of the CEO.
  • Improving business skills and seeking advice to make more informed decisions – CEO coaches are trained in the art of business and are qualified to impart advice. Business acumen combined with a deep knowledge of the company's administration and shareholders puts them in a unique position to offer advice to the CEO from a neutral perspective and provide a different perspective.
  • Enhanced soft skills – A business is nothing without its people, so a CEO development program will always improve their client's soft skills that include people skills such as communication, interaction, body language, judgment, and even control of emotions learning to read nonverbal cues.
  • Expanding relevant knowledge – A good coach will always strive to improve the CEO's awareness of various issues ranging from the company's internal workings to the commercial world's happenings to the newest developments in business or other important issues.
  • Ethics – An ethical mindset is integral to a successful CEO, and all good training programs will stress the importance of ethics in business.
  • How to delegate duties and work harmoniously with others – A CEO alone cannot run a company. Their coach should identify areas in which the CEO can share their workload and develop a good working relationship with others to ensure harmony.

Thus, CEO Mastermind Programs help shape a company's future and help the CEO become a better leader and learn to take advantage of opportunities to build a strong business.

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