How Do We Measure Success from Transformational Leadership Coaching?
Anyone that has spent time in the corporate world knows that there are many different leadership styles. Some styles are more effective than others, depending on the company and industry that the leader is operating in.
For instance, leadership styles that worked in the industrial age are not as effective in the information age. The modern business environment is competitive and fast-paced. Additionally, modern consumers are more knowledgeable and demanding. A business must be innovative to survive the modern environment.
This is why the transformational leadership style has increased in popularity over the last few years. It is a leadership model that inspires employees to find innovative ways to drive organizational success. Keep reading for more information on transformational leadership. Let's discuss how we can measure the success of this style of leadership coaching.
Characteristics of Transformational Leaders
Transformational leaders have high integrity and morals and lead by example. They also encourage their teams to challenge the status quo and come up with innovative ways to achieve their goals. A transformational leader will have an inspirational vision and motivate their team to do their best to achieve it. They are also very empathetic with their employees and create a diverse team devoid of discrimination or disrespect. The way they are able to move others forward is very authentic, impactful and hopeful.
The transformational leadership style is best for competitive industries like Information Technology. To thrive in such an industry, a company must have creative employees who work best under a transformative leadership style. Transformative leadership style also adds meaning to one's role as it allows leaders to mold employees into better workers.
Difference Between Transactional and Transformational Leadership
Transactional leaders create change by improving the structures and procedures within an organization. They motivate employees using rewards and punishments. It is a great leadership style for environments like factories that need efficiency, routine and structure rather than innovation.
Alternatively, transformational leaders create change by inspiring employees to innovate. Due to intense competition, most modern businesses need transformational leaders to thrive.
Organizations that are stuck in old ways of doing things find it hard to survive in a competitive business environment. Companies now desire leaders with soft skills that enable them to impact teams to achieve remarkable results. Soft skills tend to be inherent but with commitment, you can learn them. This is why many leaders are taking up transformational leadership coaching. But how can we be sure that the coaching we are paying for is effective? Keep reading for the 5 best ways to measure success from transformational leadership coaching.
1. Are We Meeting And Exceeding Our Goals?
Success is the achievement of a predetermined goal. For instance, a sales team that meets its annual sales target is successful. So, one way to measure the success of transformational leadership coaching is if you achieve your goals.
When you sign up for coaching, list down some things you would like to improve on. Be sure to track your progress over a few months in a notebook or virtual document.
If you see positive progress towards your goals then you could conclude that the coaching is successful. But if there isn’t any progress in reaching your goals then the coaching might not be effective.
2. Is The Company Enjoying Increased Profitability?
Transformational leaders inspire their teams to achieve remarkable results by encouraging innovation. This is why profitability is a great indicator of successful transformational leadership coaching. An executive that has learned transformational leadership will achieve increased profitability even in a tough business environment.
Jeff Bezos, one of the greatest transformational leaders of our time inspired his employees to come up with innovative ways to sell books. When major retailers like Borders were shutting down, Amazon enjoyed increased profitability.
3. How Are Our Customer Satisfaction Levels?
Transformational leadership coaching will help a leader increase customer satisfaction in their organization. This is because they will inspire employees to come up with innovative products and services that meet their customers’ needs. Additionally, employees will be empowered to resolve customer complaints satisfactorily.
4. Is There Increased Employee Engagement?
A low employee turnover rate is another indicator of successful transformational leadership coaching. Transformational leaders give their employees autonomy and the responsibility to make key decisions. These employees tend to be happier at work thus instances of absenteeism and resignations reduce.
Transformational leaders are also great at conflict resolution. They can handle disgruntled employees and convert them from grumblers into productive team members.
5. Has Our Quality of Life Increased?
Effective transformational leadership coaching will also help increase a team’s quality of life. Transformational leaders are conscious of their own and their team’s health and wellbeing. They lead by example by prioritizing their mental and physical wellness and encouraging their employees to do the same.
Teams led by transformational leaders also focus on having successful personal lives. Unhappiness at home is undesirable because it negatively affects work performance. The proper leadership model could help employees achieve a growth mindset to push through for their goals.
So, we can tell how effective leadership coaching has been by assessing an executive’s level of happiness as well as that of their team. Increased quality of life may point to a successful coaching program.
What Results Can We Expect From Successful Transformational Leadership Coaching?
Transformational leadership creates successful teams that thrive even in difficult business environments. The metrics used to measure business success can also check the effectiveness of a coaching program. Before engaging a coach, a leader should assess the results that their team is getting.
Does the company become profitable and employee engagement increase after the leadership coaching? Then we can conclude that leadership coaching was a success.
Althoug the results may seem intangible at first, the overall positive residual effects will be very evident. If you need assistance with leadership and organizational development solutions, contact us today.