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Korn Ferry - Coaching For The 21st Century
Korn Ferry - Coaching For The 21st Century
for the
21st century
www.kornferryinstitute.com
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Executive summary
As the speed, uncertainty, and complexity of global markets intensify,
leaders must learn to navigate this fast-moving landscape—by
keeping their businesses on track amid adaptive change. In such
challenging and opportune times, experienced coaches are of
tremendous support to these executives; however, coaches also must
adapt in parallel with business evolution, expanding their tool kits to
include real-time, technology-enabled coaching to global locations,
as well as expanding methodologies to address not only individuals
but also systems and teams. Just as leaders must develop the agility
to confront uncertain times by engaging the workforce through
vision, understanding, and clarity, coaches also must be agile. They
must cultivate their own capacity to embrace uncertainty, move
forward through complexity, and position their clients for discoveries,
smart implementation, and ongoing development.
Table 1
Which leadership challenges are being coached most often?
Our coaches indicated the following as the top 10 most frequent coaching topics by level of leader:
8 Strategy and strategic thinking Delegation, empowerment Working with uncertainty and
ambiguity, decision skills
9 Working with uncertainty and Leading during times of change Mentoring, developing internal
ambiguity, decision skills talent, succession
10 Mentoring, developing internal Working with uncertainty and Time and energy management
talent, succession ambiguity, decision skills
COACHING FOR THE 21ST CENTURY 4
Change has driven business growth since the Industrial Revolution began.
But today’s Internet-driven clocks are racing at an unprecedented pace,
accelerating speed to market, speed of demand fulfillment, and speed of
processing payments. New business models, particularly out of Asia, are
becoming more widespread and gaining influence (Hay Group 2011). Skills
identified as being in high demand over the next five to ten years include
digital business skills and the ability to consider and prepare for multiple
scenarios (Oxford Economics 2012).
While coaches previously may have helped individual leaders craft and
articulate a vision, moving forward they see the need for leaders to co-
create the vision by engaging a wider network of relationships. One
respondent summed up the comments of many: “Coaches will have to
move beyond the realm of the one-to-one, isolated coaching relationship.
They will need to be engaged in and understand the business, the
organizational and social systems, the dynamics of the senior team.” Such
responses suggest that, beyond working with leaders to clarify vision and
direction, coaches also should work with leaders’ broader teams to support
shared meaning, coherent action, and agreed upon practices.
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Coaching the
21st-century leader.
To integrate a common vision and build successful scale across
multiple lines of business, leaders must rely on their teams’
capabilities for spanning networks, collecting information, tapping
experience, and sharing intelligence. Leaders will need to go beyond
their individual skills to build the relationships, team effectiveness,
and transparency that enable shared ownership and accountability.
Indeed, the Oxford Economics (2012) global talent study identified
the ability to co-create and brainstorm as a top skill for talent.
Coaching in a
21st-century context.
Recent forecasts indicate that talent turnover in the United States
looms as an issue, especially voluntary job-changing and with
high-performers (PricewaterhouseCoopers 2013). Recognition,
values alignment, and sense of purpose and pride will become
increasingly important for talent retention compared with pay and
promotion (Circle Research 2012; Hay Group 2011). The overarching
leadership competency required for fostering those talent magnets
is “developing others.” But data from many years of competency
assessment conducted by Korn Ferry has shown that developing
others routinely falls near the bottom. Leaders can no longer afford
to neglect this area.
Coaching, with its ability to tap the motivation and purpose of the
individual leader and then provide targeted, personalized, and highly
relevant feedback, provides a uniquely valuable learning opportunity
well suited to the needs of the 21st-century leader. The intensity,
volatility, and speed of the contemporary environment invite both
leaders and coaches to confront these challenges and opportunities
more boldly and to do so in the moment. To the extent that these
partners can work together, the success stakes are indeed high.
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References
Anderson, M. C. (2001). “Executive briefing: Case study on the return
on investment of executive coaching.”
Dai, Guangrong, Tang, King Yi, and Fell, Jonathan. 2014. Fast rising
talent: Highly learning agile people get promoted at double speed.
Ernst and Young. 2011. Tracking global trends: How six key
developments are shaping the business world.
Krell, Eric. 2013. “Exploring What It Takes to Lead in the 21st Century.”
Baylor Business Review Spring 2013: 5–8.
Oxford Economics. 2012. Global talent 2021: How the new geography
of talent will transform human resource strategies.
Contributors
Allen Moore
Senior Partner, Global Lead for Executive Coaching
Jan Rybeck
Principal Consultant
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