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What is Executive Coaching For a Construction Business?

04 July 2023 by Shweta Jhajharia

Coaching has emerged as a key component of leadership development in the modern business environment, particularly for executives. 

Recently, interesting information on the connection between coaching and performance in the engineering and construction industries was discovered by an FMI survey that asked coaching clients about the effect coaching had on their role engagement:

Coaching positively impacted self-awareness, business strategy and organisational culture.

So if you’re a construction leader, you may be asking yourself, ‘How do I use executive coaching for my construction business?’

In this guide, we’ll take you through what an executive coach can do for construction leaders and its positive impact on your construction company.

What is executive coaching?

Executive business coaching or leadership coaching involves assisting higher-level management, such as managers, CEOs, and leaders, to fulfil their roles as successful leaders in a more effective, balanced, and healthy way. They can be coached and guided by experts in this sector to increase their capabilities and realise their full potential.

Coaching assists executives in identifying their blind spots, enhancing their leadership abilities, and producing tangible corporate results. It is a transformative process for personal and professional awareness, discovery, and progress.

An executive coach’s main objective is to bring about changes in communication, to enhance your decision-making skills and organise your team leadership skills. You can seek advice or help from such experts.

In fact, surveys have shown that 67% of business leaders noticed improved teamwork as a result of leadership coaching.

Executive coaches can inspire people to make changes in their lives and achieve specific objectives for their company. They can also provide you with advice on how to grow your construction business and increase professional performance.

How can executive coaching benefit the construction industry?

Now you know what an executive coach can do for business leaders, let’s take a look at the impact this type of business coaching can have for construction professionals.

A neutral party

Access to a coach offers executives at the top of their organisations a much-needed “thought partner” they can trust, especially as moving into senior roles substantially alters the working dynamic with former organisational colleagues.

The general workforce frequently criticises the leadership team on an individual and group basis, which can lead to emotions of loneliness and self-doubt, which ultimately undermine well-being and corporate success. 

Again, coaches can fill the role of useful neutral parties, enabling leaders to speak up about delicate or complex topics that those below them in the company might find difficult to understand.

This causes executives to become more self-aware, and many claim that working with a coach as an outside advisor has improved their ability to comprehend and process the feedback they receive as leaders. This results in healthier and more effective leadership styles, which in turn improve organisations within the construction sector.

Employee engagement

Employee engagement is a hot topic, given its importance in many facets of the construction industry.

Positive engagement is influenced by some factors, including raising job satisfaction and confidence, easing the learning curve for new tasks, and fostering better working connections. 

This increases retention chances and therefore increases the return on investment for leadership development over time, and almost always results in performance improvements that raise the overall profitability of the business, an effective combo.

Effective leadership transitions

When executives change jobs as part of succession planning, the concept of “loneliness at the top” becomes more apparent. Ambiguous expectations and the difficulties of succeeding someone else in executive positions create a “perfect storm” of loneliness and self-doubt for many, especially when coupled with a considerable change in prior internal connections.

With 91% of research participants reporting that involvement with a coach boosted their readiness for a new role, it is clear how helpful it is to have a coach on hand to help change thinking around the ‘default management culture’ and adjust to a new function. 

As a result of the acquisition of new active skills and support in navigating shifting relationship dynamics, leadership teams become more competent, self-assured, self-aware, and stable.

Commitment

Using coaching as a tool to develop key leadership abilities to generate success will almost certainly result in both individual and organisational growth, in addition to enhancing “secondary” ROI drivers like engagement and retention. 

Coaching offers a highly engaging way to empower leaders and young construction professionals to self-develop while enhancing their in-role efficacy in the highly dynamic construction environment.

Looking for executive business coaching for your construction company?

While the advantages of coaching for developing soft skills are frequently highlighted, many executives have determined that having access to a coach enhances the strategy, culture, and financial health of their construction businesses.

Being mentored by a construction business coach can be a game-changer in the extremely competitive construction sector. They offer priceless advice, assistance, and knowledge to assist you in realising the full potential of your business. 

A coach plays a crucial role in your route to long-term success thanks to their customised ideas, workable solutions, and capacity to foster a growth mentality.

So why not get in touch and see what we can do for you? Successful businesses start here!

Executive coaching for construction businesses FAQs

What is included in executive coaching?

A leader or executive will work one-on-one with an outside coach as part of executive coaching. Coaching aims to provide clients with the tools and chances they need to grow personally and professionally. The majority of executive coaching aims to change behaviour.

What does executive coaching do?

Like business coaching, executive coaching is training intended to improve the leadership abilities and executive functioning of driven, goal-oriented individuals striving to succeed in their current or future employment responsibilities.

Why is executive coaching valuable?

Improving emotional intelligence, enhancing perspective, and having better ego control are all advantages of successful executive coaching. Working with coaches helps executives strengthen their leadership coaching abilities, which they can use in their organisations.

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Shweta Jhajharia

Shweta Jhajharia is one of the leading authorities on Business Value Building and the creator of the unique 6M Model. Shweta is widely respected as an impactful, intelligent and results orientated professional who helps business leaders unleash their potential to reach meaningful, higher objectives. This realisation of potential and maximisation... Read more
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