However, after realizing the benefits of this concept, more and more companies began incorporating it into their business practices. 2
Business coaching allows executives and regular staff alike to become self aware. They realize what their strengths and weaknesses really are and begin to look at issues from another perspective. On top of that, they begin to understand some of the mistakes that might have sprung from their beliefs and rationales. 3
Business coaching allows individuals to develop time management skills, organizational skills, strategic development skills and leadership skills. All these are vital in ensuring the smooth flow of organizational activities and practices.
Business coaching is essential in clarifying one's role as a manager or executive. It transforms individuals from just being producers of goods and services to being in charge of one's business. This is possible by teaching candidates how to communicate to ones' subordinates about a strategic plan, how to focus on long term objectives and the process of delegating authority. 4
Organisations within the Asian context should definitely consider business coaching because it has the propensity to improve results and productivity. This is because it provides a connection between the technical and relational aspects of business. Since production is carried out by people, then one should look for ways of enhancing people relationships. Business coaching is the platform for doing that.
How business coaching is done
Business coaches should use a series of business skills to fit into a client's organization. They should also have experience with running their own businesses so that they can give support to their anecdotes using this hands-on experience. Business coaches do not tell clients what to do; instead, they foster a friendship with the client, support the client and cause the client to stretch their horizons beyond the obvious. 5
Business coaching is done depending on the needs of the clients. If a client needs business coaching skills to start a new company or business, then business coaches give them the tools for planning their businesses. Here, one is taught how to choose an appropriate organizational structure; one is also taught how to look for service providers from various professions. On top of that, one is given insight about choosing to hire external services or to outsource them. On top of that, one is also given training on sales and marketing strategies.
When a business is growing and developing, business coaching involves helping the client redesign their business plan. It is also teaches clients how to improve their operation systems. Also, they are taught how to evaluate their competitors and gauge the most threatening ones. The delegation process is also paramount in growing businesses and this is a key subject in business coaching. 6
When a client owns an already established business, then business coaching is tailored towards this need. Managers are taught how to change their management structures. They are also taught how to encourage their employees to be more innovative. Besides that, business coaching here involves teaching managers how to encourage their employees to be more innovative. Employers are also taught how to evaluate opportunities and methods of entering into new markets. 7
The last category of clients in business coach