It is now part of the standard development training for elite executives and talented up-and-comers at many global companies including global Business schools such as Harvard and Insead to help reach their goals. Over $335 million dollars is spent on online education every day and self-education is the new norm.
A Hay Group study of Fortune 500 companies found that 21 to 40% utilize executive coaching as standard leadership development for elite executives and high performance talent. Additionally, a recent Manchester Inc. survey of 100 executives found that coaching provided an average return on investment of almost six times the cost of the coaching.
Having an executive leadership or business coach is a critical success factor and its now in high demand.