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The most critical job of leaders is to execute business objectives through others. |
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The mean ROI for companies investing in coaching was seven times the initial investment, according to a recent global survey reported by Forbes. And, for more than 25 percent of respondents, the ROI was 10-49 times the investment. Coaching, at one time thought as a service reserved for poor performers, now focuses on developing high potential leaders. Mark Roudebush, CEO of Inspiring Workplace, sums up the reason why companies investing in coaching are seeing such exponential ROIs, “When [leaders] are able to walk their talk, people listen and are likely to follow suit, improving the levels of enthusiasm, trust, and team effectiveness throughout a team or organization.” The current popularity of executive coaching is reflected in the emphasis MBA programs are placing on the service. Many respected MBA programs, including the Wharton program at the University of Pennsylvania, the Harvard business School and ESMT in Germany, have taken an interest in executive coaching and are implementing it into their curriculum to prepare future leaders. Quantifying the exact impact of coaching sometimes difficult, but with a mean ROI of 7 times the investment and attention from the best business schools worldwide, it’s clear that many top organizations are seeing positive results from one-on-one coaching. Through their many successful coaching engagements, Connect The Dots Consulting has redefined the coaching experience with their coaching product, On-Target®.
The On-Target coaching product is designed to accelerate the success of new leaders and positively impact their organizations’ business performance. Leaders, their managers, HR partners and other key stakeholders are all involved in the On-Target process. There are many coaching options in the marketplace today. Unfortunately, most options lack structure and organizational involvement. Without those aspects, the coaching results are many times very subjective, and ROI is sketchy. On-Target delivers ROI and clear results through our uniquely defined process. On-Target identifies the real potential of a leader and provides a clear path to improved performance. The expertise and objectivity of external Connect the Dots professionals coupled with the insider view of stakeholders, provides a multi-tier involvement process that complements the client’s business model. On-Target takes form through several different phases. Early in the process, data collection defines the current state. From there, formal objectives are defined and expectations are communicated. Then, a multi-tier road map and a specific coaching plan are created and implemented for a finite period of time, usually several months. On-Target has built-in progress review meetings with stakeholders utilizing unique feedback instruments. The process culminates with a final report detailing progress, ROI and recommendations.
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