How Coaching Accelerates Leader Transitions
A Framework for Building High-Performing Teams
Leaders influence a myriad of organizational outcomes, including employee engagement and turnover, productivity, customer satisfaction, sales, and revenue. Research evidences that organizations with strong leaders are 13x more likely to outperform their competition. CEOs can account for nearly 30% variance in their organization’s profitability, and research suggests that top management has an even greater impact on organizational performance than the CEO. And, great leadership is contagious. Studies show senior leaders with positive 360º assessment reviews are more likely to oversee managers with positive 360º ratings.
However, organizations face a shortness of effective leaders. As Baby Boomers exit the workforce at a pace of 10,000 per day, organizations are left scrambling to fill critical roles, and as many as 84% of organizations anticipate a shortfall of leaders over the next five years.
This leadership shortage, combined with increased demands and an ever-accelerating velocity of change in the workplace means that leadership transitions are more frequent, and more complex, than ever.
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