Client Case Study
Situation – Creating Executive Coaches
This Biotech Company is an industry leader in the field of antibody discovery and development. Over the past 30 years the company has built strong intellectual property, technology platforms, and capabilities to engineer cutting-edge therapeutic antibodies that have the potential to transform medicine and reshape people’s lives.
To capitalize on a significant market opportunity that would have a major impact on the company’s future, the company launched a strategic initiative to develop its Leaders, Managers, and Management Systems. Shortly thereafter, the poor economic conditions affected the company, requiring a workforce reduction and increased workloads for the remaining employees.
The company weathered the economic storm and put itself on a positive course to execute its key strategic initiatives. To accelerate its momentum the company decided to implement an executive coaching certification program for 6-12 high potential leaders to create leadership leverage throughout the organization. The overall objectives were to leverage previous investments in management training, increase employee engagement, retain key employees, and push critical strategic initiatives forward by:
Complications
The company recognized the importance of maintaining a strong, focused team during this critical period, and feared that its actions during turbulent economic times had eroded past efforts to develop its workforce and create a performance-based culture. They were especially concerned about:
Approach for Creating Executive Coaches
1. Identify Desired Results
2. Assess the Current Situation
3. Design the Exact Solution
Approach (cont.)
4. Deliver Performance Learning
5. Implement Coaching and Follow-Through
6. Measure Impact and Results
Note: Program participants coached individuals who were in a different part of the organization. Coaching engagements lasted 6 months on average.
Results
In six months:
Coachees
100 % reported they would recommend coaching to a colleague
Coachees’ Managers
50% reported they observed significant changes in their employees’ behavior
100% reported they would like another staff member to receive coaching
100% suggested other members of their staff receive coaching training
Coaches
100% of coaches reported they would recommend the program to a peer
Explore real world results for clients like you striving to create higher performance