A Business Tool That Can Lead to Financial Benefits

Executive coaching can be the key that unlocks the door to a company's greater profits. Maybe as an executive coach I'm a little biased! Or maybe it's a result of a little knowledge...

An interesting study was conducted by Metrix Global, a survey company, on behalf of a US Fortune 500 company and the executive coaching company they use to develop their leaders.

The study investigated the benefits and Return on Investment (ROI) of coaching. At the same time they wanted to get the answers to these questions:

1. How did coaching add value to the business and what was the return on investment? 2. How could coaching be best leveraged in the future, especially if coaching was to be expanded to other business regions?

They discovered that 60% of the 30 leaders who responded to the survey company identified specific financial benefits resulting from the coaching.
If you look at the next 6 points I show how each of the Business Measures are identified as positive by a percentage of the survey respondents:

1. Productivity ---- 60%
2. Employee Satisfaction ---- 53%
3. Annualised Financial Benefit --- 50%
4. Customer Satisfaction --- 53%
5. Work Output --- 30%
6. Work Quality --- 40%

The study tabulated program costs for all 43 leadership development participants to discover a 529% return on investment produced by the coaching process.

Clients with customer or people responsibilities produced proportionally greater financial benefits. However, there were widespread benefits throughout the group participating in the study.

There's no doubt that these benefits can be realised by any size company, as long as the owners are willing to take action on decisions made.

A Business Tool That Can Lead to Financial Benefits - To learn more about this author, visit Jim Symcox's Website.

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Michiel Jonker As a Certified Information Systems Auditor, Michiel assists businesses in a professional capacity by evaluating the threats to their businesses. He acquired the necessary knowledge, skills, and techniques to minimize a business owner’s risk of business failure and to maximize his chances of high growth and success. He strongly believes that you CAN maximize your chances of business success, by implementing the business solution he has advocated for more than 12 years in your business plan and planning. Michiel has decided to share his experience with business owners by putting almost everything he knows in a business plan and survival guide (compiled in an e-book format) and written as a high growth SMB coaching course for SMB business owners, directors and managers - titled as the “Survival Kit for Small and Medium Businesses - Profit from your Business Risks!” According to Michiel, his goal was to add new techniques to a business owner’s business planning survival kit and instruct him or her in using these in the future - without any help from a consultant! For more information about the benefits of implementing profit protection planning in your business, please visit: http://www.business-around-the-globe.com - Visit Michiel Jonker's Website

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Jim Symcox Subscribe to Jim's articles (Visit Jim's Website) Jim Symcox, is a business coach, marketing evangelist, copywriter and all round good egg. He is the author of "How to Leap Ahead Of Your Competitors". and you can get his Business Twitter Guide at http://www.business-powerpack.com/twitter Jim Symcox is a Gold author on EvanCarmichael.com

Jim Symcox's Complete List Of Marketing Articles Name Email If you enjoyed this article, get Jim Symcox's Complete List of Marketing Articles For FREE! More Jim Symcox Does Blogging Get You More Sales Your Brochure Is Killing Your Sales Social Media Can Grow Your Business A Business Tool That Can Lead to Financial Benefits Do Your Adverts Get You Sales How You Can Recruit Sales Super Stars Part I Recognising Sales Sheep And Wolves Make Twitter Easier With These Twitter Tools Is Twitter For The Birds How You Can Recruit Sales Super Stars Part II How To Advertise and Interview Them Do You Know This Secret Way To Connect With Your Prospects