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Here's what the media is saying about 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. Almost three in ten claimed they had learned enough to boost quantifiable job performance—whether in sales, productivity or profits—by $500 million to $1 million since they took the training. They also reported better relationships with direct reports, bosses, peers, and clients, and cited a marked increase in job satisfaction and “organizational commitment,” meaning they are less likely to quit than they were before." Executive Coaching - with Returns a CFO Could Love, Fortune Magazine "I absolutely believe that people, unless coached, never reach their maximum capabilities." Bob Nardelli, CEO of Chrysler, Fortune magazine "Executive coaches are not for the meek. They're for people who value unambigous feedback. All coaches have one thing in common, it is that they are ruthlessly results-oriented." Fast Company Magazine “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 advisor to help reach their goals.” CNN.com
Ernst & Young partner Barry Mabry has had routine telephone conversations with his coach in which he has discussed matters ranging from the mundane (how to improve communications with subordinates) to the cosmic (what do you want to get out of life?). "Why do I need a coach?" he muses. "I've wrestled with this." He's a corporate finance partner in New Orleans. He has been with Ernst 27 years. He's successful; he's happy. His recent performance review was quite flattering. "Perhaps it's for the same reason that Tiger Woods needs a coach or Pete Sampras needs a coach," says Mabry. "Tiger Woods would say, 'I know how to play golf.' But his coach is probably the most important person in his life." So You’re a Player. Do You Need a Coach? Fortune magazine
What is clear is that the market has spoken. Many of the world’s most admired corporations, from GE to Goldman Sachs, invest in coaching. Annual spending on coaching in the United States is estimated at roughly $1 billion. The Wild West of Executive Coaching, Harvard Business Review
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