Welcome! September 13, 2006






Developing People ... Inspiring Success
  consulting   executive coaching   speaking   contact us   blog   home  
 
Volume 3, Issue 8   Sept 2006   ISSN 1556-3820

“What exactly is a coach? Part personal consultant, part sounding board, part manager. For a surprising number of people, it is now the coach – not the boss – who pushes them to hire, to fire, to fine-tune a sales pitch, to stretch.”
-- Fortune
   Note From Regina

Well, September is here and it is time to get re-focused on personal and professional goals. Did you do anything this summer to move your personal or professional goals forward? If the answer to this question is "no," don't worry. Fall is a great time to evaluate where you are at, re-align goals, and re-energize yourself to achieve your important goals before year-end.

Read this month's article, Improve Your Bottom Line Through Executive Coaching, to learn more about how you can jump-start your personal or organizational productivity. I'd also love your feedback on the options you use most frequently when considering training for you or your staff, so be sure to take this month's short poll.

Should leaders tolerate poor performers? Find out the answer to that question and more by visiting my Blog and read how leaders responded to my short poll on this topic.

Don't forget to visit my website, www.redladder.com, where you will find more information about our consulting, executive coaching, and speaking services, as well as other resources, articles, and tools to help you be more successful.

Yours in success,

Regina Barr


   Feature Article

Improve Your Bottom Line Through Executive Coaching

If someone were to ask you whether or not you would consider working with an executive coach, would you feel insulted or exhilarated? Your answer will probably depend on a number of factors including what region of the country you live in, the context in which the question is asked, and your previous experience (or lack thereof) in working with an executive coach.

For leaders on the east or west coast, having an executive coach has become a perk or status symbol. For them, it is now simply part of the executive compensation package. In other areas of the country where executive coaching is still not a common practice, this request will most likely be met with some skepticism, particularly if an executive’s performance is in question.

Why consider executive coaching?
For the same reasons someone like Tiger Woods hires a coach: to improve performance and provide a positive boost to your bottom line – both personal and organizational. And, here's the good news. Executive coaching is an affordable alternative and you won't come anywhere close to paying the $1 million fee that Tiger Woods pays his coach.

What are the benefits of executive coaching?
According to a survey* of 100 executives who had received executive coaching, the key benefits to their companies included improvements in the following areas:

Productivity 53%
Quality 48%
Customer Service 39%
Reduction in Customer Complaints 34%
Cost Reductions 23%
Bottom-line Profitability 22%

In addition, other benefits to the executives who received coaching included improvements in the following areas:

Working relationships with direct reports 77%
Working relationships with immediate supervisors 71%
Teamwork 67%
Working relationships with peers 63%
Job Satisfaction 61%
Conflict Reduction 52%
Organizational Commitment 44%
Working Relationships with clients 37%

*Source: Manchester, Inc.

In fact, the same survey indicated that the return on investment to an organization that invested in coaching for its executives for a period of six months to one year was almost six times the cost of the coaching.

Organizational environments continue to flatten out, and executives are being asked to do more with less while managing broader spans of control. At the same time, employee turnover is increasing, employee morale is decreasing, and employee productivity is beginning to lag in many organizations. If you are a leader that wants to develop your full potential or that of your employees, then you may want to consider executive coaching. After all, the return on your investment will far outweigh your costs, and that can only mean one thing: a positive impact to your bottom line.

Copyright 2006 Regina Barr, Red Ladder, Inc.

Regina Barr is a management consultant and speaker. Her consulting firm, Red Ladder, Inc., specializes in helping organizations and their leaders develop their full potential through strategic project management, executive coaching and training. Regina also helps companies develop strategies to attract, develop and retain women leaders. For more information visit www.RedLadder.com or http://www.redladder.blogs.com/.

 

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About Red Ladder

Red Ladder, Inc., provides people development services for individuals and organizations with a goal of developing people and inspiring success. Regina Barr, CEO of Red Ladder, holds a BBA, an MBA and an MA in human development. With over seventeen years in the financial services industry, she has a broad range of leadership experience in product, sales, and marketing. In addition, Regina has a special passion for helping companies attract, develop and retain women leaders.


in this issue ...
  • Note from Regina
  • Improve Your Bottom Line Through Executive Coaching
  • Speaking Schedule
  • Resources
  • What's New
  • About Red Ladder

Today's poll ...

When it comes to training or professional development for me or my staff, I am most likely to...

Take this short poll and view others' feedback regarding this topic.


What's New ...

9/7/06
Regina Barr quoted in New York Times article: E-Mail in Haste, Panic at Leisure

9/1/06
Regina Barr's article, The Leadership Balance Sheet: 7 Steps for developing CEO strategies for life, was published in the September issue of Minnesota Business


Red Ladder is pleased to offer two new programs:

1. Dynamic Communications(TM): Increasing Communication Through Understanding Behaviors. This Program is available as a 2, 4 or 6 hour seminar or workshop.

2. Dynamic Communications(TM): Someday it "Should" Get Easier and Other Communication Myths" is available as a 30-60 minute keynote program or lunch & learn.


Speaking Schedule ...

Interested in hearing Regina speak? Here are some of Regina's upcoming programs:

September 19, 2006, Financial Women International Conference, Women at the Top Panel, Las Vegas, NV

October 14, 2006, Women's Economic Power Day, Show me the Money: Negotiating for More of What You Deserve, Minneapolis, MN

November 14, 2006, FWI Twin Cities Metro Group, Professionalism and the Bottom Line, Minneapolis, MN

November 18, 2006, Banking and Finance Leading CEO & CIO Summit, Challenges Facing Women Banking Leaders, Dubai, United Arab Emirates

December 6, 2006, NAFE's Professional Women in Corporate America Network, A Spirit of Abundance, Putting a Holiday Twist on Networking, New York, NY

April 3, 2007, FWI Iowa District, Positive Risk: How Smart Women Use Passion to Break Through Their Fears, Ames, IA

for information on how to register or if you are interested in having Regina speak to your organization.

 

Resources ...

Executive Coaching: is it right for you? This short questionnaire will help you determine if executive coaching is right for you.


What Our Clients are Saying ...

"Executive coaching has helped me achieve my business goals resulting in my professional success and a positive impact to the bottom line."

-- Melissa Curzon,
Vice President,
California Bank and Trust  


Copyright 2006 Regina Barr, Red Ladder, Inc. All rights reserved.
www.redladder.com | info@redladder.com | 651-453-1007 | Inver Grove Heights, MN 55076