Talking about the need of executive coaching in India, Krishna Kumar, Managing Director, Indian School of Executive Coaching (ISEC) said that India is fast leaping into a new generation of economy, where coaching becomes important for any executive to design their career in better manner. He said, "Executive coaching is still in nascent phase in India, whereas in U.S. and European countries, it is proved to be a powerful tool to improve the quality of leaders."
It is true that the concept of executive coaching is relatively new in India, but witnessing the success of U.S. firms through coaching mantra, Indian firms are all set to adopt best practices and benchmark themselves them against world class corporations. Kumar said that in the next five years, most of the Indian firms would encourage their executives to take up executive coaching. Currently ISEC is also in talks with few of the IT firms to provide coaching to their executives.
Currently, four levels of coaching are being provided by ISEC, such as Mentor Coach, Personal Coach, Corporate Coach and Master Coach. Kumar said that executive coaching provided by ISEC, covers the complex combination of skills and human capacities that are required of today's executives. Explaining the need of coaching for executives, Srini Rajam, Chairman and CEO, Ittiam Systems said, "There is dire need for executive coaching in India. Also, in India coaching has to be a organizational process. Currently, it is more of personalized kind."
The need for coaching become more important in the current scenario, as firms need new and innovative policies more than ever to succeed in the market place of today. Executive coaching can prime their most important assets to take up that challenge. In the last few years, it is witnessed that even Indian management colleges have come forward to incorporate executive coaching in their curriculum.
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