Overcoming the Three Biggest Challenges in ROI of Leadership Coaching
Lisa Ann Edwards, M.S., ACC, partner of Bloom Coaching Institute
Recorded: Wednesday, October 24, 2012
(60 Minute Session)
Coaching is a unique development solution because it allows the individual, to customize the solution to best suit their individual needs; and, a customized solution may be more likely to facilitate success. In the past, we could provide nearly any coaching solution, and measure the success of that solution based upon participant’s self-reports of satisfaction.
In a world of tighter budgets and less time, this is no longer enough. Instead, the very real pressures produced by the economy require that we shift from an activity-based approach to coaching to a results-based approach to coaching. The main challenges in ensuring coaching effectiveness and measuring ROI in Leadership coaching are related to (1) alignment; (2) the complexity of measurement posed by individual objectives; and (3) the challenge of identifying credible business impact data.
The great news is that with planning and preparation, these challenges can be overcome to ensure that coaching is the right solution! The speaker will use a case study to illustrate these three tough challenges, examine options and simplify the process.
Participants will learn how to:
- Identify the three most important steps in creating alignment
- Describe at least two ways to capture individual objectives
- Identify five ways to convert data to money