When teaching and coaching leadership skills, breaking down the challenge into specific areas of improvement, and working on each in detail, leads to better long-term results. In our coaching and mentoring programs, participants are tasked with selecting those leadership elements they most want to improve first. Here is an example of how this has worked in practice.
When teaching and coaching leadership skills, breaking down the challenge into specific areas of improvement, and working on each in detail, leads to better long-term results. In our coaching and mentoring programs, participants are tasked with selecting those leadership elements they most want to improve first. Here is an example of how this has worked in practice
A manager in an exploration division of a Fortune 100 energy company sought to improve how his team performed by improving how he managed it.
At the start of his coaching relationship with Bovo-Tighe, this manager chose two areas to improve:
- Communication that counts
- Building trust between his team and him, and within the team.
In his words: “Using communication to build confidence and leadership roles within the employees I deal with.”
At the end of the initial program period, the manager reported significant performance improvements:
We are functioning as a whole unit, a well oiled machine. I have noticed people are more inclined to reciprocate the team effort. Communication has increased our affectivity and boosted personal relationships. It is a measurable difference when you now have problem solvers along with problem identifiers. People are willing to step up to the plate and immediately address situations thus eliminating paperwork, duplicated efforts, and wasted time. It has been impressive to me. It also seems as if people are more inclined to talk period, whether it is personal or work related which in turn has, in my mind made it a better place to work . We are more friendly towards each other.
This manager assessed the following return-on-investment that he expects to reap going forward as a result of his improved communication skills:
If three different contractors are working on a project and it is completed in ÂÂÂ½ the time just by maximizing efficiency, you can have an outstanding ROI.
If you have a $1,000,000 budget for a project and let’s say the personnel estimate for that project is $200,000. If you can deliver 50% more manpower efficiency, you have in a sense saved an immediate $100,000 dollars. If your particular facility is in the habit of overrunning budgets, let’s say by 15%, you will also save $150,000 for a total ROI, in this particular instance, of $250,000 while delivering the project on time and below budget. If this is continual throughout a year’s time and you can duplicate the result five to ten times, the ROI could be upwards of $2.5M in one year.
Improving engagement with more effective communication of goals and greater acceptance of feedback led to these gain being achievable. Investing in the development of better leadership skills pays off every time!
Note: The identity of this client has been masked, but if you are interested in direct testimonials from Bovo-Tighe clients, let us know and we will arrange them.