CoachingROI.doc - MetrixGlobal Executive Briefing Case Study on the Return on Investment of Executive Coaching Prepared by Merrill C Anderson Ph.D

CoachingROI.doc - MetrixGlobal Executive Briefing Case...

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Metrix Global Executive Briefing: Case Study on the Return on Investment of Executive Coaching Prepared by: Merrill C. Anderson, Ph.D. MetrixGlobal, LLC November 2, 2001 A Fortune 500 firm and Pyramid Resource Group, a coaching services company, recently engaged MetrixGlobal LLC to determine the business benefits and return on investment for an executive coaching program. This executive briefing was excerpted from the final report of the study and is intended for the private use of MetrixGlobal clients and professional associates. Please contact Merrill Anderson, [email protected] , 515 278-0051, for additional information. The Bottom Line: Coaching produced a 529% return on investment and significant intangible benefits to the business. The study provided powerful new insights into how to maximize the business impact from executive coaching. Introduction A Fortune 500 firm launched an innovative leadership development effort that was expected to accelerate the development of next generation leaders. The participants in this effort were drawn mostly from the ranks of middle managers and from many different business units and functional areas. Leadership development activities included group mentoring, individual assessments and development planning, a leadership workshop and work on strategic business projects. Coaching was considered to be a key enabler for this approach to leadership development because the participants could work privately and individually with his or her coach to develop specific leadership competencies. The client organization engaged the Pyramid Resource Group to provide coaching to the leadership development participants. While participants spoke very highly of their experience with coaching it was decided to conduct a formal assessment of the effectiveness and business impact of coaching. It is intended that the results from this study be used to determine: Copyright MetrixGlobal, LLC. All Rights Reserved. 1
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