If we survey a group of CEOs and executives and ask them, what their most important asset is that say, "People." (Milner & Bossers 2004, pp. 25) If one were to ask, the same panel of leaders so the only thing they lack in the organization's response would probably be "trained and developed." While, many organizations spend countless dollars in training, seminars, and development courses, others tend to leave this important issue of human resources at random. Is it possible to create that synergy within an organization's leaders seldom seen outside the organization for the promotion? Is it possible for an organization to improve its human resource development and identify a substantial contribution to overall business success of that organization? (Megginson & Clutterbuck 2005, pp. 47)
In "Leadership and Organization Development Journal, Jeffery M. Wachtel & David J. Veale conducted a study and held Coca-Cola is a company that is completely convinced that this is possible. Coca-Cola believes that using coaching and mentoring to strengthen the link between development and business strategy is the key to creating a healthy environment and struggling business model.
The company views coaching as a tool to improve performance directly, it is mentoring, as the achievement of its objectives primarily through building relationships. Coca cola is an example of a company that has used the concept of coaching and mentoring for employees to great effect and are now enjoying great results.
The current trend
The concept of mentoring and coaching, at the top level of an organization or at the employee level, is being recognized as a very crucial development process for the employee. Senior management in many organizations has acknowledged the fact that the organization is bound to prosper, if the staff has an appropriate amount of mentoring and guidance.
The concept of coaching and mentoring has really gained popularity in the UK in the past few years. There is a trend that companies allot a mentor for every new employee(s), find some old employees to coach the new employees regarding their work. The companies in UK have really started to avail the advantages of coaching and mentoring in real time.
Luckily, a number of companies are making their employees understand the benefits and advantages of mentoring and coaching, and this thing is also playing a big part in the popularity of this concept of mentoring and training. (Kyle 2001, pp. 58)
Coaching and mentoring is an intensive personal training of the highest quality, based on a relationship with a coach or mentor, who acts as a facilitator, in a process with a defined start and end, and has clear strategic objectives to achieve.
The coaching process takes place in pre-session between coach and mentee, same as those generally have weekly face to face or by telephone, with specific tasks or exercises to be done between sessions. These sessions can be supplemented by telephone and email. All the work of coaching is performed in the strictest confidence and ...