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The Traits of Today's CFO by Ron Rael

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2

STEP 2: BECOME AN EFFECTIVE COACH

“You cannot lead if you don’t believe.”

—Professor C.K. Prahalad of the University of Michigan Business School

Thankfully, the business world has made strides in moving away from a command and control form of leadership. This obsolete and ineffective method is being replaced by a coaching leadership style. A majority of today’s most successful CEOs describe themselves as coaches first and managers second.

In this second step, we begin by looking at coaching at the individual level and move on to how the skill also applies at the organisational level. You will discover that coaching is something that you may be already doing as a supervisor. Do not assume that coaching is a soft skill; in fact, it is a mix of both technical and people skills combined in a unique fashion that produces great results for the leader who believes in and utilises coaching.

After reading this chapter, you should be able to

  • know if you have the skills necessary to be an effective coach.

  • apply the best practice of a position description to get greater results.

  • coach a friend through a difficult situation.

  • develop into a powerful coach for your organisation.

COACHING IN A NUTSHELL

We turn to a coach when we want to improve a specific skill or talent and are unable to do it on our own.

The coach is someone who is skilled in the area and can provide guided help so CFOs will end up in a better place than they are now. Being a coach in business is similar to coaching in sports; ...

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