June 22, 2010 // Franchising.com // Innovation and business have always gone hand-in-hand. Building a better mousetrap is the essence of business and Business Coaching and its many dividends have played a huge role in many of today's successful companies. Innovative companies world- wide are thinking outside of the box and using techniques and strategies popularized by Business Coaching models. If we take a closer look at just a few of these, we can see how innovation and Business Coaching partner to create a stronger business world.
Business Coaching is not just for struggling companies. Many of the most successful companies in the world have grown stronger thanks to ideas such as employee empowerment, strengthened accountability and mentoring, all of which are important aspects of Business Coaching.
In the past, many companies saw their employees are serfs or indentured servants. Management may have considered their employees lucky to have a job in the first place. Today, successful companies understand that a happy employee is a good employee and vice versa. Companies do things as far ranging as paying employees to work for charities or teach at local institutions. Some companies will even invest in the new business ideas of their employees. Business Coaching has taught companies that to be successful they should consider all things when it comes to the empowerment of their employees. After all, loyalty is a two-way street.
Often companies flounder because the structure isn't in place to be successful. Business Coaching shows you where the weaknesses of your organization lie and how to turn that into strength. If your company's structure is weak, then your culture will likely follow. This can stem from a lack of accountability from the top down. Business Coaching is another set of eyes on the problem and will show you how to improve the accountability in your organization.
Mentoring is something that many companies are taking to heart these days, assigning more senior staffers to mentor the junior. This is obviously a step in the right direction, and a field in which Business Coaching has been the leader since its inception. There is one big advantage to mentoring through Business Coaching as opposed to in-house mentoring though. Through your Business Coaching relationship, your mentor will be completely confidential, while you can never be completely sure of confidentiality when dealing with co-workers.
These are just a few ideas that innovative companies have taken from Business Coaching and used for themselves. If you want to see what Business Coaching can do for you, contact us today.