Coaching principles Nr. 3 and 4. What type of coaching delivers most value? Is this the right investment? What is our ROI?
Paul Donkers
Business coach ?? serial entrepreneur ?? value creation ?? leadership whisperer
Principle nr. 3
What type of coaching brings most value?
There a different forms of coaching. For example: onboarding coaching (first 100 days), Preparing someone for a bigger job, Making more impact in current job. Legacy coaching. You can work with a great leader and very high potential but the person needs to grow in her/his effective leadership behaviour.
Principle nr. 4
What is our Return on Investment?
Before making the decision. Questions to ask yourself are. How critical is this person for our business? Can we afford to lose this person? Would this person pass our keeper test? -- The keeper test is the answer to the questions: if this person comes to me and tells me that she/he has found a comparable job elsewhere; would I try to keep this person? Or would I be somewhat relieved?---What is our replacement cost if we lose this person? What if we can assist this person, through coaching, to increase her/his impact by 25%? What is the cost benefit analysis?
This episode two of five of our series of 10 principles to get the best return of your investment when making coaching decisions. Enabling you to make better decisions. This is good for you, for the coachee and for the industry as a whole.
We are in global executive and business coaching ourselves for 30 years. We live in it! And are now sharing some of our real life industry experience from this young and developing industry. It makes us happy if you find some value from it.
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