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What is Business Coaching

What is Business Coaching

In organizations today, coaching refers to a method of personal development or human resource development (HRD).

This field of coaching is becoming a distinct area of practice for individuals and in organizations. Although the role of coach has changed over time, some examples of research papers on business coaching show that between the late 1930s and the late 1960s, some forms of internal coaching in organizations were already informally present; i.e. managers (or supervisors) also acted as coaches to their staff.

A casual business practice of coaching is the act of providing positive support and positive feedback while offering occasional advice to an individual or group in order to help them recognize ways in which they can improve the effectiveness of their business.

Coaching is an excellent way to attain a certain work behavior that will improve leadership, employee accountability, teamwork, sales, communication, goal setting, strategic planning and more. It can be provided in a number of ways, including one-on-one, group coaching sessions and large scale organizational work. Not to be confused with seminars.

Many corporations are instilling the practice of 360 degree consulting before providing coaching, which permits employees to utilize their own life or professional experiences in a positive way to create team participation attitudes even with superiors. Professional Business Coaches are too often called in when a business is perceived to be performing badly when many healthier businesses recognize the benefits of business coaching even when the organization is successful. Business coaches often specialize in different practice areas such as executive coaching, corporate coaching and leadership coaching.

Business coaching is not the same as mentoring. Mentoring involves a developmental relationship between a more experienced “mentor” and a less experienced partner, and typically involves sharing of advice. A business coach can act as a mentor given that he or she has adequate expertise and experience. However, mentoring is not a form of business coaching. A good business coach need not have specific business expertise and experience in the same field as the person receiving the coaching in order to provide quality business coaching services. Business coaching needs to be more structured and formal than mentoring.

Business coaches often help businesses grow by creating and following a structured, strategic plan to achieve agreed upon goals. Multiple organizations train professionals to offer business coaching to business owners who may not be able to afford large coaching firm prices.

Executive coaching can be grouped separately from business coaching, as there is a common understanding that business coaching can be the equivalent of business planning, or consulting, but the coach takes the lead in running the business process. Executive coaching is the one-to-one relationship between a coach and a client, based around the intrapersonal goals of the client within the organizational context.

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