No matter where you are in your leadership development, developing a “coaching” relationship with your team is one of the most meaningful things you can do. Leaders who coach understand that they have the biggest impact, not by doing the most, but by inspiring and motivating others.
Studies have shown that failure to have a coaching approach is one of the biggest reasons why performance development fails. And a study conducted by Bersin concluded that leaders who coach frequently improve business results by as much as 21 percent.
Coaching is impactful because it connects each individual’s professional development goals with the goals of the organization. Coaching at its best is skill that great leaders use daily, both informally and formally. Some approaches to develop a “coaching” approach in your daily leadership: