POWERFUL EXECUTIVE COACHING PPoowweerrffuull EExxeeccuuttiivvee CCooaacchhiinngg..iinndddd ii 77//2233//1122 66::1166 PPMM PPoowweerrffuull EExxeeccuuttiivvee CCooaacchhiinngg..iinndddd iiii 77//2233//1122 66::1166 PPMM POWERFUL EXECUTIVE COACHING John Mattone American Management Association New York • Atlanta • Brussels • Chicago • Mexico City • San Francisco Shanghai • Tokyo • Toronto • Washington, D. C. PPoowweerrffuull EExxeeccuuttiivvee CCooaacchhiinngg..iinndddd iiiiii 77//2233//1122 66::1166 PPMM Bulk discounts available. For details visit: www.amacombooks.org/go/specialsales Or contact special sales: Phone: 800-250-5308 Email: [email protected] View all the AMACOM titles at: www.amacombooks.org Th is publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. Library of Congress Cataloging-in-Publication Data Mattone, John. Powerful executive coaching/John Mattone. p. cm. — (HR briefs) Includes bibliographical references. ISBN 978-0-8144-3268-6 1. Executive coaching. I. Title. HD30.4.M375 2013 658.4’07124—dc23 2012022135 © 2013 John Mattone. All rights reserved. Printed in the United States of America. Th is publication may not be reproduced, stored in a retrieval system, or transmitted in whole or in part, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of AMACOM, a division of American Management Association, 1601 Broadway, New York, NY 10019. Th e scanning, uploading, or distribution of this book via the Internet or any other means without the express permission of the publisher is illegal and punishable by law. Please purchase only authorized electronic editions of this work and do not participate in or encourage piracy of copyrighted materials, electronically or otherwise. Your support of the author’s rights is appreciated. About AMA American Management Association (www.amanet.org) is a world leader in talent development, advancing the skills of individuals to drive business success. Our mission is to support the goals of individuals and organizations through a complete range of products and services, including classroom and virtual seminars, webcasts, webinars, podcasts, conferences, corporate and government solutions, business books and research. AMA’s approach to im- proving performance combines experiential learning—learning through doing—with opportunities for ongoing professional growth at every step of one’s career journey. Printing number 10 9 8 7 6 5 4 3 2 1 PPoowweerrffuull EExxeeccuuttiivvee CCooaacchhiinngg..iinndddd iivv 77//2233//1122 66::1166 PPMM CONTENTS Introduction vii Typical Executive Coaching Applications and Examples 1 Competitive-Advantage Consulting and Coaching 2 Stretch-Assignment Coaching 2 High-Potential Coaching 3 Development of Leadership Skills 3 Executive Coaching: Scope and Steps 5 Awareness 5 Analysis 7 Action 9 Achievement 10 How to Deliver 360-Degree Results 11 Analyses of Rater Responses 12 Th e Importance of Feedback 15 Dealing with Resistance 15 Best Practices in Dealing with Multi-Rater Feedback 17 v PPoowweerrffuull EExxeeccuuttiivvee CCooaacchhiinngg..iinndddd vv 77//2233//1122 66::1166 PPMM vi Contents Th e Six-Step Individual Development Plan 19 Transitioning to Individual Development Planning 19 Th e Six-Step IDP Process 21 Th e 9-Box Performance and Potential Matrix 32 Defi ning the Action Steps for Coaching 35 Th e Role of Stakeholders and Mentors in Creating Lasting Positive Change 37 Sample Stakeholder/Mentor Letter 38 Typical Agenda for a Stakeholder Meeting 39 LeaderWatch Abbreviated 360-Degree Surveys and Follow-Up 40 About the Author 41 PPoowweerrffuull EExxeeccuuttiivvee CCooaacchhiinngg..iinndddd vvii 77//2233//1122 66::1166 PPMM INTRODUCTION Th ere is nowhere to hide. Not even the executive suite is safe from the changes sweeping the business world today. In fact, the impact of those changes is felt most keenly at the executive level. Like everyone else, CEOs, COOs, CFOs, and sen- ior VPs have to hit the ground running and keep running—fast. Stockholders and stakeholders demand rapid results. Teams must work more effi ciently and under greater pressure. High-potentials and emerging leaders need to be identifi ed earlier and developed sooner—and more eff ectively. Business savvy—always important— has to be taken to new heights. Add to this the quest for job satisfaction and life balance, and you have the dynamic tension that creates the vital need for executive coaching. Executive coaching is a professional process that links individual eff ectiveness to organizational performance. It is a strategic process that helps organizations at- tract and retain great leaders, enables executive teams to improve leadership and team performance, and supports senior executives responsible for making crucial business decisions and achieving outcomes. It truly is the “shock absorber” for the ride on an oft en bumpy road toward organizational change. vii PPoowweerrffuull EExxeeccuuttiivvee CCooaacchhiinngg..iinndddd vviiii 77//2233//1122 66::1166 PPMM viii Introduction Th e powerful advantages inherent in the leadership development process, par- ticularly in areas where performance goals are at risk, has moved executive coach- ing to the top of the mind for executives and HR leaders alike. Today, there is still a tremendous gap between what is expected of executives and what is available to help them acquire both the inner-core attributes and the outer-core skills and competencies for achieving those expectations. Executive coaching closes that gap. Th e reality is that, while executive coaching is top-of-the-mind for executives and HR, only 35 percent of the organizations we surveyed in our Trends in Execu- tive Development Research Study (Pearson, 2011) utilize executive coaching as part of their high-potential development programs. By comparison, 48 percent of the organizations utilize executive coaching for their executives at VP level and above. For high-potentials, organizations continue to emphasize developmental job as- signments (70%) and custom training programs (51%) as their primary leadership- development strategies. We were surprised to learn that 65 percent of the organizations we surveyed do not cite executive coaching as an important developmental strategy for their high-potential and emerging-leader talent pools. I see this as a signifi cant issue, as well as an opportunity, for organizations today—especially in light of what diff er- ent generations expect from their employers (i.e., Gen-X employees want a casual, independent, fl exible environment and a place to learn; Gen-Y employees want a structured, supportive, and interactive environment). More than anything else, it is critical to understand that both generations make up nearly 100 percent of any organization’s future-leader pool, and both generations crave continuous growth and “connectedness” with people. Executive coaching represents a powerful strategy for meeting those needs for continuous growth and “connectedness.” Th at said, just like anything else, there is a lot of variability in the world of executive coaching. For instance, there are eff ec- tive and ineff ective executive coaches. Also, it is important to never underestimate the importance of hiring external coaches who have a solid “operations” mindset and experience on the fi ring line as operations leaders. Building trust and empathy with high-potentials is critical, and I have found that having operations experience PPoowweerrffuull EExxeeccuuttiivvee CCooaacchhiinngg..iinndddd vviiiiii 77//2233//1122 66::1166 PPMM Introduction ix goes a long way toward helping build that rapport, trust, and credibility. Lastly, it is important to understand the philosophy guiding any executive coach you consider partnering with. Th e coach should be able to express his or her philosophy con- cretely, without hesitation. For example, here’s my philosophy: My coaching approach blends in-depth diagnostic assessments that identify a leader’s inner-core values, character, beliefs, emotional makeup, and behavioral tendencies (both mature and derailer traits) with outer-core assessments such as 360-degree sur- veys and leadership interviews that reveal how eff ectively the executive uses those out- er-core skills and competencies required for success. I work closely with the executive coachee and sponsoring team to create an individual development plan that leverages the coachee’s enduring strengths and addresses his or her development needs with a passionate focus on achieving measurable behavioral change and improvement. Th is ebook details how I go about my coaching work with senior executives and high-potentials. You will note that I believe in leveraging the coachee’s stakeholders and mentors throughout the coaching process. Th e strength and success of any coach- ing intervention is in direct proportion to how well the coach has created and facilitated a “coaching process,” whereby the coachee actually learns more from his or her stake- holder and mentor interactions than from the coach. Th e goal of any great coach is to lay a foundation for continuous self-discovery and “connectedness” learning that endures well beyond the coaching assignment. PPoowweerrffuull EExxeeccuuttiivvee CCooaacchhiinngg..iinndddd iixx 77//2233//1122 66::1166 PPMM PPoowweerrffuull EExxeeccuuttiivvee CCooaacchhiinngg..iinndddd xx 77//2233//1122 66::1166 PPMM