
Daniel Burke
As the credit crunch bites, coaches must get ready to help their clients survive the crisis.
As coaches, now is the time to make our greatest contribution. Organisations are under intense pressure to restructure and focus on core money-making activities. Inevitably this leads to budget cuts, restructuring or redundancies. CEOs and leaders need to make tough judgment calls; if the changes are too small, more will be needed later. If the changes are too severe, opportunities may be missed when the economy recovers.
Coaching helps leaders to think clearly, prepare for the most difficult conversations and presentations, stay focused, alert and centred. And it has never mattered more than right now.
What should coaches do to survive and thrive – and hence sustain clients and organisations?
As recession looms, senior leaders hang on to their coaches like grim death. Those who formerly might have considered “hiding out” for a couple of years doing an MBA in preparation for the upturn are now doing serious coach training instead.
Why does coaching boom in difficult economic times? Apart from “looking after number one”, there are two main reasons. First, high levels of anxiety and uncertainty are inevitable. Unchecked, they become particularly corroding and destructive. Coaching is the only place where people are required to think calmly, thus generating and evaluating more creative options, and better decisions.
Second, the “stayers” in the organisation are likely to be under more pressure. Coaching can support them to remain focused, reprioritise and maintain motivation to stay productive.
For those who are made redundant, coaching provides an effective alternative to task-focused outplacement services that traditionally target as quick a return to the workforce as possible.
Coaching conversely challenges and supports people to look more deeply and widely.
Coaching at Work - November 2008
Daniel Burke is a faculty member at business coach training company Meyler Campbell.
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