COO coaching

Empowering COO Success With COO Coaching

COOs play a useful role in companies, but often fly under the radar. Over 40% of leading companies around the world employ a COO. However, COOs often do not have a standard job description or sufficient support. This can hinder the COO in achieving goals.

On paper, the COO’s purpose is to complement the CEO. This can happen in a variety of ways. Some COOs lead specific business changes, like mergers. Other COOs mentor younger and less-experienced CEOs, while others prepare to succeed the CEO with the CEO’s blessing.

To achieve this, COOs have three consistent traits. The first trait is acuity, which relates to a COO’s ability to grasp concepts quickly and multitask efficiently. Organization is the second attribute and refers to a COO’s capacity to define priorities and allocate the right amount of time, energy, and resources to tasks. Finally, process and structure means that the COO creates systems to reduce complexity and translates the main goals into achievable components.

However, many COOs face challenges to fulfilling their role. This is partially due to lack of support and clarity about the role, but other modern obstacles persist as well. For example, COOs often struggle with integrating new acquisitions, supply chain disruptions, unengaged teams, and losing top performers.

How can companies maximize the success of their COO? Upskilling and coaching are important solutions. In fact, coaching can lead to a return on investment of up to 788%. This can majorly improve company efficiency and earnings. Supporting COOs with COO coaching can have ripple effects through the company, resulting in greater success.

 
Everyone Helps The CEO, But Who Helps The Second in Command?
Source: Diane Integrates