High Quality leadership development network? Insider expertise : Team members should be in a position to provide expert advice and an insider view of each other as it relates to their business, their people, and their team culture challenges. They become de facto coaches. Coaching is a leadership skill : Some organizations use coaching as an ‘executive intervention’ or to ‘fix a problem’, but this is a suboptimal approach to coaching. Coaching is a leadership skill and leaders in organizations should be skilled coaches to help their teams develop and grow. Same as we expect effective leaders to be highly skilled in e.g. communication, decision making and empowerment, leaders should be highly skilled in coaching others. TEAM coaching is a great program to instill coaching as a leadership skill in the organization. Get more details 360 degree feedback survey
In 2004, Marshall Goldsmith and Howard Morgan reviewed a variety of leadership development initiatives in eight large multinational companies. It was a comprehensive study of over 86,000 leaders and executives globally, at these eight multinational companies. Although the desired outcome for all companies was identical – sustained change in behavior at work – they used a variety of tools and approaches. It included classroom-based training vs. on job practice, short-duration training vs. long-term interventions, coaching vs. mentoring, internal trainers and coaches vs. external trainers or coaches, etc.
The 360-degree feedback is also known as multi-rater feedback or multi-source assessment as there are multiple people rating a single employee and feedback or assessment comes from multiple sources. It was first used by U.S. Army in the 1940s. However, since the 1990s it has gained popularity and become a permanent talent management tool of most multinational companies today. Let me give you an example to elaborate on the importance of 360-degree feedback. Imagine that you are in the soft drinks business and are planning to launch a new cola. How do you ensure the success of this new product? How do you ensure the success of any new product or service?
The leaders ask each stakeholder to give her a couple of suggestions to improve in these 1-2 areas that he can implement in the next month. The leader compiles all the suggestions from stakeholders, decides to pick 2-3 suggestions, and implements the change during the month. Next month, she goes back to the stakeholders and asks for feedback for her improved behavior during the last month and more suggestions to implement in the coming month. This process continues for the period of the entire year. About every quarter, the stakeholders are given an anonymous survey to rate the leader’s improvement in these 1-2 areas. Although the process seems simple, Marshall Goldsmith’s stakeholder centered coaching is one of the most effective methods of changing the leader’s on-job behavior and stakeholder’s perception of the leader.
We Offer wide range of assessments like GLA360, Thomas PPA, TEIQue-SF and many more. High Potential employees have the capacity to deliver significantly better business results as compared with an average employee. Building a leadership pipeline and planning for succession is becoming an increasingly important part of talent management. Technically brilliant people may have behavioral issues that become a problem for the entire team. How do you handle such a scenario? We are a team of passionate leadership development professionals who are certified in Marshall Goldsmith Stakeholder Centered Coaching process.