In an ever-changing world, it comes as no surprise that business leaders require an evolving set of skills if they are to afford their companies a competitive edge in the global arena. While the concept of “lifelong learning” has been around for some time, today’s volatile, uncertain, complex and ambiguous (VUCA) environment calls for a new approach to training in general, and executive and personal coaching in particular.
Emerging trends in executive coaching are demonstrative of this shift in requirements, highlighting the shortcomings of traditional executive education. Whereas previous executive education programs have focused on discipline-based skills and have been episodic, exclusive and expensive, those of tomorrow will need to teach more perceptual, interpretive, affective and communicative skills to a broader base of participants. Moving away from deep dives into specific cognitive skills and development tracking, the next generation of executive coaching programs will seek to equip participants with the sub-skills that facilitate effective collaboration. This will see providers offer more customized, cohort-based programs, tailored more closely to different companies’ talent development needs, while also fostering a global mindset.
A decline in consulting in favor of increased interaction between coaches and executives, combined with the difficulty experienced by many businesses in attracting and retaining top talent, has increased the necessity for executive coaches. No longer the preserve of large enterprises, executive coaching is set to become commonplace - even in the absence of specific performance issues to troubleshoot. As an ever-present force in the successful leadership of the future, coaching will assist executives in delivering on both present and future targets, relieving some of the pressure, reducing stress and increasing productivity.
In a bid to maximize executives’ potential, sidestep complacency and encourage accountability, tomorrow’s executive and personal coaching will have to develop the following skills:
This last point relies heavily upon executives’ propensity to question their automatic responses and consider business decisions in an international, diverse context, in turn facilitated by specific mindset attributes:
Mindset goals for leaders in global organizations:
With these skills and mindset goals in view, developing leadership in global organizations is best supported by coaches who can contribute tangible experience. This is likely to be manifested in a greater tendency toward specialization among coaches, as well as the emergence of a typography of coach categories, each requiring different qualifications. Increased emphasis on coach-executive relationships is also expected to provide the framework for managers to shed their emotional armor, allowing for the vulnerability required to achieve true personal growth, which should then translate to professional growth.
Naturally, new coaching outcomes can only be achieved with the help of new coaching methodologies. These will range from the preferred channel of delivery to the adopted didactic approach. Thanks to the vast range of technological options to which managers have become accustomed, coaching will have to slot seamlessly into busy schedules. Online courses, social platforms, learning tools - in short, the personal learning cloud will be the medium of choice, while micro-learning sessions and gamification will increase the reach of coaching. Meanwhile, some coaches may attempt to overcome the skills transfer gap by offering learning opportunities in memorable, fun formats.