The Indian economy has grown at a fast pace in the last two decades. Companies like Infosys, Wipro, HCL Technologies, Tata group, etc. have grown to become the Indian multinational giants that are competing globally.
In this scenario, the challenges of senior leadership in these companies have also grown. They are always under pressure to fulfill the expectations of various stakeholders, customers, employees, and investors.
There is a need for the senior leaders to continuously evolve and sharpen their axe to not only fulfill their responsibilities but also to create an impact in their environment.
As the business environment is becoming more and more complex, senior leaders need to tap into their inner capabilities to find new solutions to their challenges.
It is where Executive coaching has come as an answer.
Executive coaching or leadership coaching is fulfilling the need of the senior leaders to have someone as their sounding board and someone with whom they can openly discuss their problems and challenges without the fear of being judged as weak.
We also need to be mindful that though Executive coaching as a concept may be relatively new in the corporate India, however, Coaching as a philosophy is not new in India.
We can trace-back the coaching as early as 5000 years ago in the Indian scriptures when in the battlefield of Mahabharata, Krishna coached Arjuna, the great warrior. The timeless teachings of Krishan captured in the Bhagavad Gita has been at the essence of Indian mainstream philosophy and leadership from time immemorial.
In modern times, in the context of leadership development we witness following key themes in the Indian corporate scenario.
Executive coaching is often interchangeably used with mentoring in India.
We as Indians value receiving advice or mentoring from our seniors, bosses, and more experienced people from the same industry and background. Also, there is a tendency in India that the leaders who are being coached, expect coaches to share their personal experiences and suggest a path on which they can move towards the realization of their goals.
Executive coaching is different than mentoring in that it does not suggest a path or advice a coachee. Instead, it works on the premise that everyone has answers within themselves to the biggest challenges of their lives and a sounding board can help them to connect with their inner potential.
When a coach asks powerful questions, the leader gets connected with their inner genius.
There is myth that executive coaching is for someone who is not performing well. And secondly, there is prevailing belief that, if I don’t have a problem then, why I should take coaching from someone.
On the contrary in the western world, every successful person has a coach. Executive coaching is not about fixing problems, it’s about being a catalyst to expedite the journey from being good to great.
The reality is that in today’s volatile, uncertain, complex, and ambiguous (VUCA) economy, executives need to hone their leadership skills and increase their executive presence.
A study by Ernst and Young reveals that 100% of HR leaders who responded to their survey think that the relevance of executive coaching is rapidly increasing today.
Executive coaching or leadership coaching is a tool that can help leaders deal with the increasing dynamism of the modern economy.
It can help increase their executive presence and make them more liked and respected by their teams and superiors.
As stated earlier, India has seen fast pace growth in the last two decades. As a result, a lot of technically sound people have got into leadership roles. These leaders are very young, and there is a huge potential for them to explore their leadership. Executive coaching can tremendously boost their executive presence, self-confidence, and leadership capabilities.
In a lot of organizations today, there is a leadership gap. A focused development initiatives for high-potential executives is the need of the hour.
Executive coaching and leadership coaching for high potential leaders can play a very significant role in the leadership development initiative.
Coach Kshitij is a successful CXO coach and is well-known in the field of executive presence coaching. He has worked in multinational organizations at the senior level and then as a founder of a successful training and coaching company.
It is his passion to help senior corporate executives to experience career fulfillment and achieve their most cherished goals like a promotion to the next level or starting their venture.
To discuss Kshitij’s executive coaching services for yourself or the individuals in your organization, Contact Coach Kshitij for Executive Coaching in Bangalore.