WHY IS CEO COACHING IN SUCH HIGH DEMAND AS OF LATE?

How come CEO coaching is surging in popularity? It may interest you to hear it’s for several of the following reasons:

• Increased leadership challenges – The modern business landscape is more complex and fast-changing. Like CEO coaching reminds, today’s leaders face more volatility, uncertainty, digital disruption, and stakeholder pressures. Advisors provide guidance on navigating these leadership challenges.
• Development needs at the top – Boards recognize the need to invest more in developing C-suite execs and high-potential leaders to retain talent and drive growth. Coaching fills this development gap.
• Succession planning – With chief executive turnover on the rise, boards want to ensure a robust succession pipeline. CEO coaching prepares successors for the top job.
• Burnout concerns – Long hours and intense pressures lead to high burnout among corporate heads. Training helps build resilience and balance.
• Benefits realization – Companies that have tried coaching see tangible benefits in improved strategy, culture, and financial performance which drives further demand.
• Reputational challenges – In the era of activist investors, executive misconduct can damage a company’s brand. CEO coaching helps leaders act ethically and avoid scandals.
• Diversity goals – There’s also a push to appoint more diverse corporate leadership teams. Effective CEO coaching helps prepare and support executives from underrepresented backgrounds.

As the role of business heads becomes more demanding, boards recognize that even top executives need guidance through coaching. Investing in development at the top translates to gains across the entire organization.