Management Mentoring Provides Your Business A Leg-Up Over Your Competition
Many companies fall into the mistake of hiring someone who is an experienced manager, and assuming that, since they have management experience, they don't need any more help. Nothing could be less true. The fact is that managers are human beings too, and just as cooking at home for a few years doesn't make someone totally qualified to be a good chef (although it could well be a good start), being a good manager consists of more than having some management experience
This is where management coaches come in. One of the most important tools human resources can supply is the kind of management coaching that turns an ordinary manager into the leader of an all-star team. There's a good reason why top CEO's of Fortune 500 companies spend a combined total of millions in one on one training with the world's finest coaches. The reason is that even someone who is as successful as Bill Gates or Steve Jobs recognizes that he doesn't know everything.
A comparison can be drawn with the field of music - George Gershwin took lessons in harmony from other composers, at the same time as he was the best known and well-paid living composer anywhere! If the leaders of the world undergo personal coaching, isn't that a good indication that management coaching is a valuable part of bringing out the best in your management team?
The only question is where to draw the line. Does everyone who is someone's boss need management coaching? What if a person is only a project leader? Lead engineer? Simply "senior" engineer, managing no one but themselves? The answer is yes all around
Everyone who makes management decisions benefits from coaching, and the reason is that no one is perfect. We all had to learn things somewhere, but changes in the world (especially increases in business productivity) require us to adapt and stay ahead of the curve. Like the childish saying "you snooze, you lose", managers who obtain no training "lose". They lose their edge, their team's advantage, and, if they are especially bad managers, they might even lose their workforce.
Competent management coaching makes sure that an angry lapse will never damage a team, that a bad day doesn't imply a bad month, and that teams are led, and not just managed. Creating leaders doesn't happen without investing in them, and management coaches are the most proactive way of doing that -- for a Fortune 500 CEO, and for your management team as well.
Human resources are of most benefit to companies when they provide management coaching to help turn mediocre or poor managers into world-class leaders. Fortune 500 corporations spend millions of dollars to train their staff with the best management coaches the world has . Anyone making management decisions requires coaching as no one is perfect. We all had to learn things somewhere, but changes in the world (especially improvements in business efficiency) require us to adapt and stay abreast of the curve. Without proper coaching, managers forfeit their edge, their team's advantage, and, if they are especially bad managers, they might even lose their team.