Ever wondered what Executive Coaching might do for your business. Could it solve some of your most vexing problems?
Well, FORTUNE Magazine stated: “When asked for a conservative estimate of monetary payoff from the coaching they got… managers described an average return of more than $100,000, or about six times what the coaching had cost.”
You may have doubts, though – most business people do. Even coaches themselves are worried.
In 2009 the Harvard Business Review reported on a survey of 140 coaches. They made some pretty startling comments:
“Coaching exists to help executives find solutions, yet the field of coaching must solve a few problems itself.”
“A lack of entry barriers leaves the profession vulnerable to being discredited by charlatans”.
The Review also wrote that many coaches felt action was needed to winnow out bad or ineffective coaches.”
This scepticism is well-founded, I’m afraid…..