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What do you do if your executive career is stagnating?

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Feeling stuck in your executive career can be both frustrating and daunting. It's a common phase where growth seems to have plateaued, and the excitement that once drove your ambition seems to have dimmed. Executive coaching can provide the tools and perspectives needed to navigate through this period. By assessing your current situation, setting new goals, and developing strategies to achieve them, you can reinvigorate your career and find new paths to success. It's important to remember that stagnation is not a permanent state, and with the right approach, you can overcome this challenge and continue to climb the corporate ladder.

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Phyllis Sarkaria

Author, speaker, ICF certified corporate executive coach

1 Assess Reality

Before you can address a stagnant career, it's crucial to take a step back and objectively assess where you stand. This involves evaluating your current role, accomplishments, and the skills you possess. Acknowledge the factors contributing to your stagnation. Is it a lack of new challenges, not enough recognition, or perhaps the industry itself is changing? Understanding the root cause is the first step to formulating a plan to reignite your career growth. Executive coaching can help with this introspection by providing an external perspective and asking the tough questions that prompt deep self-reflection.

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Gail C. Figaro (MSc.), CBEP, CXAD (Dip), R.E.E.

Business Excellence Expert??, Multidisciplinary Professional ready to serve Governance-oriented organizations/ individuals in their vision for Success.
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Determine what is actually causing the sense of stagnation. Getting the factual reason is critical. 1. Is it because your industry is slowing down due to macroeconomic factors? 2. Is it because the company you are with is encountering some strategic/operational issues that are preventing movement foward? 3. Is it that you currently hold a position that is as high as your career set can take you in your current environment? 4. Is it that there is actually no stagnation but you may be dealing with some personal or health related matters that cast an illusionary shadow over aspects of your life? Or is it a mix & match of the above/ something else? Whatever the actual cause, that needs to be identified and only then can it be addressed.

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2 Set New Goals

Once you've identified the causes of your career stagnation, it's time to set new, challenging goals. These should be specific, measurable, attainable, relevant, and time-bound (SMART). Goals might include acquiring new skills, expanding your professional network, or seeking new responsibilities within your organization. By setting clear objectives, you create a roadmap for your career progression. Remember, these goals should excite you and reignite the passion for your work; they are not just items on a checklist.

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Phyllis Sarkaria

Author, speaker, ICF certified corporate executive coach
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Sometimes a feeling of stagnation is driven by a lack of inspiring goals. Reflect on what you really want from your career and begin to identify the steps to get there. It may be very energizing to you to think about the big, hairy, audacious goals - those leap-tall-buildings-in-a-single-bound opportunities - yet, breaking down the big dreams into managable pieces can provide clear signs of progress, a better change to periodically assess and adjust as necessary, and keep you moving toward your ultimate goal.

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3 Expand Skills

In the fast-paced business world, continuous learning is key. If your executive career is stalling, consider expanding your skill set. This could mean taking courses related to your field, learning new technologies, or even developing soft skills such as leadership or communication. By becoming a more versatile and knowledgeable leader, you'll not only increase your value within your current organization but also expand your opportunities elsewhere. Executive coaching can guide you in identifying which skills are most relevant and in demand.

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Phyllis Sarkaria

Author, speaker, ICF certified corporate executive coach
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At the executive level, it may seem strange to think about expanding your skill set to give your career a jump start. However, leadership is an evolving art. Even the best leaders, perhaps especially the best leader, are continually improving. Just as you might work with a personal trainer to get back into shape, an executive coach can support your efforts to identify areas of focus and build a leadership brand that is relevant and needed in the business world.

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4 Network More

Networking is an essential component of career growth. It's not just about collecting contacts; it's about building meaningful relationships that can open doors to new opportunities. Attend industry events, join professional associations, and connect with peers on a deeper level. Your next big break could come from a casual conversation with someone in your network. An executive coach can offer strategies for effective networking and help you leverage your existing connections while building new ones.

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Phyllis Sarkaria

Author, speaker, ICF certified corporate executive coach
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It's easy to get comfortable in your role when everything is fine. In fact, many executives I know become so focused on their 24/7 jobs that they let their network go. Then something changes. Perhaps their job is eliminated. Maybe they wake up one day and wonder if this is all there is. If you feel that your career is stagnating, (re)building a meaningful network can lead to new ideas, as well as contacts. The key to productive networking is to move beyond transactional relationships (i.e., how can you help me? here's how I can help you). Find ways to give back. You didn't get where you are on your own. In my experience, providing support and encouragement to others will open doors and provide returns beyond expectations.

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5 Seek Feedback

Constructive feedback is invaluable for personal and professional growth. Seek out mentors, peers, or a trusted executive coach who can provide honest assessments of your strengths and weaknesses. This feedback can reveal blind spots in your leadership style or identify areas where you can improve. Embrace this input and use it as a foundation for your development plan. Remember, feedback is not criticism; it's an opportunity for growth.

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6 Embrace Change

Lastly, embracing change is crucial in overcoming career stagnation. This might mean changing your mindset, taking on different projects, or even considering a role in a new company or industry. Change can be uncomfortable, but it often leads to growth. With the support of an executive coach, you can navigate these changes strategically, ensuring that each step you take is aligned with your long-term career objectives. Openness to change can rekindle your drive and lead to exciting new chapters in your professional life.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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What do you do if your executive career is stagnating?

1

2

3

4

5

6

7

1 Assess Reality

2 Set New Goals

3 Expand Skills

4 Network More

5 Seek Feedback

6 Embrace Change

7 Here’s what else to consider

Executive Coaching

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What do you do if your executive career is stagnating?

1

2

3

4

5

6

7

1 Assess Reality

2 Set New Goals

3 Expand Skills

4 Network More

5 Seek Feedback

6 Embrace Change

7 Here’s what else to consider

Executive Coaching

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