Michael Ryder, Managing Director and senior coach with Inside Out Consulting, argues that coaching is an important leadership development tool and a major key to developing and retaining scarce talent.  Furthermore companies who leverage coaching well will enjoy a significant future competitive advantage.

Ryder’s thesis is that  a multitude of factors such as globalisation, the GFC aftermath, sustainability and business ethics, to name but a few,  have changed the business landscape at the most basic level.  Today’s executives have to deal with greater workplace diversity which requires a complex skill set.

To meet these new challenges many organisations have made executive and leadership development a high priority to support and retain key individuals and develop the potential and broad professional and personal skill levels of high achievers in an ever changing dynamic business environment.

A comprehensive study conducted by the American Management Association (AMA) into current and future coaching trends discovered that business coaching had significant correllation with improved performance.  Engaging a qualified business coach to work with clients in specific areas they wish to focus on was shown to maximise their own innate potential as influential leaders and to improve their individual performance and productivity.

Coaching is the most flexible way for executives to come up the learning curve quickly enough to handle the competition and speed of business cycles and still be compatible with the pressure of their demands.

This is an extract of the article.  To read the article in its entirety contact Michael Ryder on 0412130768 or visit www.insideoutconsulting.com.au