The roots give trees their sustenance to survive. They also are responsible in anchoring them to be able to stand firmly to withstand storms and the challenges of the environment. Just as trees have roots, the business of coaching has its foundation too.
To better understand the business of coaching, let us understand what business is and what coaching means. Just to get a grasp of what business is, let’s consider one definition of business which is “the practice of making one’s living by engaging in commerce”. This is according to the definition by Google. On the other hand, coaching is a “training or development process via which an individual is supported while achieving a specific personal or professional competence result or goal”. This is according to Wikipedia. Coaching started and was very useful in the sports industry. Coaching made athletes better in performance and result better outcomes in achieving victory. Just as athletes benefit much in coaching, business and coaching are now interconnected. Business coaching started as a way of guiding leaders in fixing things that they cannot do themselves. In the end, the leaders develop good business leadership through the experiences and advice the business coach provide.
Currently, almost all individuals capable and skillful enough to provide business coaching are given the chance to coach. Business coaches may include ex-chief executive officers, managers, or those in line with the science of psychology. Given their field of expertise, they offer different approaches in guiding their customers. There are plans of standardizing the business coaching qualifications as of the moment but these steps are still far from being realized. It has been over two decades that the private and public sectors of businesses benefit from the business of coaching and researches are made to prove its effectiveness and advantages for the clients.
Having the roots of business coaching dug up, let us tune things in fast pace and see the excellent results brought by the business of coaching. First is the increment in employee productivity. It encompasses leadership management and retains high-potential employees which has good effects in business improvement.
Business coaching is currently gaining revenues in many countries. It is undeniable that it really plays a vital part in the business world. And so it is worthy to know where it is deeply rooted. The business of coaching is characterized by management and positive reinforcement and a touch of psychology. It also features collaboration, emotional intelligence and interpersonal relationships. Business coaches are then expected to fill in gaps in the skills of new leaders.
In as much as business coaching gets famous and credits nowadays, the topics regarding its standard processes are elusive. Very few business coaches document their ways of coaching a business leader. Some speculate that when the time comes that they finally collect their thoughts, the business of coaching will meet standardization. The business of coaching has many effects to many leaders. It has positive effects and promotes change in behavior of leaders. Due to these claims, efforts are made to be able to evaluate how business coaching improves business performance. The roots are now bringing up its fruits for the advancement of business.