Leadership Coaching (Applied Research)
The leadership team of a new corporation
Four separate businesses were brought together into a single entity as a cost-saving opportunity. Although there was no loss of financial compensation, the president of each business lost his designation and a search was underway for a CEO. At the same time, the co-operation of the former “presidents” was central to a successful transition within the new organization and the overall success of the venture. They required support in their adjustment to their new roles as managing directors while continuing to provide leadership at the business unit level.
The key to the success of the new venture was the need to be very explicit about the differences in responsibilities of the new role from the previous one. A series of questions prompted the participants to identify the major obstacles to their collective success during the transition. As a result of their input, the coaching sessions focused on the needs of the new organization during its early stages and the role of the leadership team both in the short and long terms.
The managing directors understood their leadership role within the new organization and focused on adding value to its management and operations. One of the former presidents, with a full understanding of the new role, chose to resign, as he recognized the gap between the needs of the new organization and his personal career goals.
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