Virginia at Work: The impact of executive coaching on business

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Virginia at work: graduation

During the past year,  a Roanoke executive consulting group has graduated more than 100 leaders from its leadership course that teachers leaders how to be more than just a boss.

When businesses thrive, our economy thrives.

In this edition of Virginia at Work, we take a closer look at consulting firms, the affect executive coaching has on business and how it has evolved over the years.

“Consultants have been around, probably since the first businessman,” says Lynda McNutt Foster, CEO of Cortex Leadership Consulting.

Joan Craig, the CFO of CMG Leasing in Blacksburg says, “In the past, when we received training in the past, it was always on the executive level.  It always stayed on the exec level. It stayed with us. It stayed with the managers maybe. It never got down to the level of the people who do the daily work, that are on the line, the staff. This work is totally different. This work goes all the way down.”

Craig adds that by incorporating professional coaching and consulting into her company’s culture, she watched as her newest C-O-O Emily Taylor, a graduate of the Cortex Leadership course. “Leading a Winning Team” grow as a leader and in turn had a direct impact on positive changes within the company.

Emily Taylor, COO of CMG Leasing says, “It is something that you reference and find for what’s applicable in certain phases. Without having that opportunity, I don’t know I would be able to specifically address or identify issues to use those tools with, so it’s made me much more aware, a better listener, an active listener as a result.”

Craig says, “The confidence is huge, because she has such great knowledge, great experience and now she’s able to show that in meetings planning and moving forward with a lot of initiatives,” and adds, “It’s just so much faster. When you’re trying to do a project or implement an idea with the team, a team that trusts each other. Our team has become incredibly effective.”

In order to build revenue, to move a company forward and to grow, executive coaches say you need to start with such basics as building relationships to empower employees.

“If your employees are engaged, they want to keep working for you. When people aren’t engaged, they don’t have innovation on a day to day basis and they leave your organization, which costs you a lot of money. So if you’re constantly churning employees and you’re not seeing innovation in the market place, you are going to lose money,” says Foster.

Taking the steps to be aware of your actions and their influence on those around you can go a long way in making a company successful.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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