- The pace of change in our world is not just fast, it’s frenetic.
Once upon a time we used to do strategic plans for a 5-year period, then we reduced it down to 3-years, now it’s a 12 month plan with a review each quarter and certainly at the 6-month mark. So, there’s pressure on execs to keep transforming their thinking to keep on top of present-day realities in order to be effective and keep the bottom line buoyant.
- Previously we used to have more hierarchical organisations based on command and control, but now we have leaner, flatter structures which require more networking, have less boundaries, and are virtual organisations requiring greater emotional intelligence and interpersonal skills of leaders all of which now need coaching and support.
- The game has changed from rewarding seniority and longevity to understanding how to not only retain human capital, but to inspire and develop talented people to bring about high-performing teams. Leadership coaching is a new tool for understanding how to keep and grow talented staff.
- Individuals are being promoted rapidly to senior roles instead of the traditional way of slowing moving up the chain and acquiring experience under the watchful eye of numerous mentors and senior staff. Rising to the top quickly means that leaders need support and guidance on this rapid journey.
- Being at the top is a lonely job. It’s difficult sometimes too to know who to trust in the organisation and although leaders often use friends informally to run ideas past, the use of a leadership coach to talk to and confide in is an important asset.
- The business world has also become more legalistic where corporate governance responsibilities seem to increase daily meaning that stress also increases requiring new strategies for dealing with it all.